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Everything contract management
Establish – Setting Clear Standards
After envisioning your future and exploring the landscape, the next critical step in the 7E Model for Excellence is to Establish your best practices by setting clear, understandable standards. Establishing these...
Game theory as a game changer in contractmanagement?
You do not always need to invent the wheel. In this article I will try to get a link between a sound mathematical theory and the world of contractmanagement, AI and CLM. As always, feel free to comment. What is...
Establish – Setting Clear Standards
After envisioning your future and exploring the landscape, the next critical step in the 7E Model for Excellence is to Establish your best practices by setting clear, understandable standards. Establishing these...
Game theory as a game changer in contractmanagement?
You do not always need to invent the wheel. In this article I will try to get a link between a sound mathematical theory and the world of contractmanagement, AI and CLM. As always, feel free to comment. What is...
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5 Must reads
5 Must reads
5 Must reads
Featured contract management news
Featured contract management news
Interesting topics in all categories
Interesting topics in all categories
General Knowledge
Engage – Fostering Collaboration and Commitment
The final step in the 7E Model for Excellence is Engage. Engagement is the glue that holds all the other steps together. It emphasizes the importance of continuous communication, collaboration, and commitment from all stakeholders. Without engagement, even the best-laid plans can falter. This step is about fostering a culture of collaboration, ensuring that everyone is aligned and working together toward the common goal of excellence.The...
Engage – Fostering Collaboration and Commitment
The final step in the 7E Model for Excellence is Engage. Engagement is the glue that holds all the other steps together. It emphasizes the importance of continuous communication, collaboration, and commitment from...
Contract & Commercial Management
The ultimate guide to software licensing management: avoid revenue loss & ensure compliance
Effective contract management is a challenge for virtually all organisations. Whilst larger, more mature enterprises tend to have dedicated procurement teams to handle performance of contracts, this is not the reality for smaller orgs.Even so, procurement teams are notoriously under-equipped and often rely on error-prone procedures like tracking contract data in Excel spreadsheets. But, in this thread lies the answer – the best teams...
The ultimate guide to software licensing management: avoid revenue loss & ensure compliance
Effective contract management is a challenge for virtually all organisations. Whilst larger, more mature enterprises tend to have dedicated procurement teams to handle performance of contracts, this is not the...
AI & Tech
The ultimate guide to software licensing management: avoid revenue loss & ensure compliance
Effective contract management is a challenge for virtually all organisations. Whilst larger, more mature enterprises tend to have dedicated procurement teams to handle performance of contracts, this is not the reality for smaller orgs.Even so, procurement teams are notoriously under-equipped and often rely on error-prone procedures like tracking contract data in Excel spreadsheets. But, in this thread lies the answer – the best teams...
The ultimate guide to software licensing management: avoid revenue loss & ensure compliance
Effective contract management is a challenge for virtually all organisations. Whilst larger, more mature enterprises tend to have dedicated procurement teams to handle performance of contracts, this is not the...
Supply Chain
The most common supply chain risk-management failures
Regulators around the world are sending a consistent message to companies that operate or source internationally, which is that they must take ownership of their supply chains. In addition, multinational companies face increasing pressure from stakeholders, including investors, customers, and regulators, to align their operations with Environmental, Social, and Governance (ESG) principles, especially in the areas of forced labor, human...
The most common supply chain risk-management failures
Regulators around the world are sending a consistent message to companies that operate or source internationally, which is that they must take ownership of their supply chains. In addition, multinational companies...
Risk, Legal & Compliance
From Agreement to Action: How Due Diligence Shapes Your Contracts
When it comes to legal contract management, due diligence isn’t just a box-ticking exercise—it’s a crucial requirement of smooth contract execution. But what exactly does "due diligence" mean for contract managers and how does it move an agreement from paper to practice? At its core, due diligence is the investigative work that lays the groundwork for informed decisions in contract management, helping contract managers assess risks,...
From Agreement to Action: How Due Diligence Shapes Your Contracts
When it comes to legal contract management, due diligence isn’t just a box-ticking exercise—it’s a crucial requirement of smooth contract execution. But what exactly does "due diligence" mean for contract managers...
Finance
How ALM and CLM are reshaping finance
Tired of the spreadsheet shuffle, the approval chase, and the expense reconciliation saga? Say goodbye to the old ways and embrace a new era of efficiency! 1. Cost Control Mastered Say hello to Budget Bliss! Centralize contracts for enhanced expense visibility, empowering you to manage budgets with precision. 2. Auditing Made Easy No more headaches! With all contract and asset data neatly organized, auditing becomes a breeze, delivering...
How ALM and CLM are reshaping finance
Tired of the spreadsheet shuffle, the approval chase, and the expense reconciliation saga? Say goodbye to the old ways and embrace a new era of efficiency! 1. Cost Control Mastered Say hello to Budget Bliss!...
Sales
Ensuring future value: the critical role of contract management in sales
In a sales process, contract management plays a vital role in safeguarding future value by balancing the excitement of making a deal versus the realism of harvesting the value in the future. Here's how it ensures the long-term success and sustainability of the business: Effective contract management ensures that agreements are clear, precise, and aligned with the interests of all parties involved. By defining the rights, obligations, and...
Ensuring future value: the critical role of contract management in sales
In a sales process, contract management plays a vital role in safeguarding future value by balancing the excitement of making a deal versus the realism of harvesting the value in the future. Here's how it ensures...
Procurement
The Evolution of Contracts: From Ancient Agreements to Modern Complexities
Contracts are fundamental to human civilization, enabling structured collaboration, accountability, and progress. Their development over millennia reflects the evolving complexity of societies, economies, and technologies. This article delves into the origins and historical trajectory of contracts, revealing their enduring significance and the pivotal role they play in modern global ecosystems.The Origins: Writing as a Tool for Agreements...
The Evolution of Contracts: From Ancient Agreements to Modern Complexities
Contracts are fundamental to human civilization, enabling structured collaboration, accountability, and progress. Their development over millennia reflects the evolving complexity of societies, economies, and...