Contract management challenges for global business
Implementing a single CMS solution across your global operation makes sense. The benefits are self-evident, standardisation, inter-operability and ‘anytime, anywhere’ document access. So, with all the right project controls in
The top seven procurement tools for 2021
As 2021 quickly approaches, procurement teams can take the opportunity to review their purchasing goals. An ineffectual vendor management and payment processing strategy can lead to increased risk, dark purchasing,
Pharma and life sciences excellence with accelerated contracting
Pharmaceutical and life sciences organisations have a lot to handle. Unfortunately, many organisations lack an efficient process to manage myriad contracts, clinical trials, promotions, supplies/goods, regulations and compliance. Consequently, they
A winning contract strategy with contract automation
The strength of an organisation’s contract lifecycle hinges on a healthy contract strategy. An ironclad contract procedure helps departments within your organisation come to a universal adoption of contract processes that improve
Seven essential eSourcing tools for 2021
Organisations still using manual sourcing methods – such as gathering item prices in spreadsheets, corresponding with prospective bidders individually via email, and collecting numerous data separately from prospective suppliers –
Renovating supply chain management in the face of COVID 19
The COVID-19 pandemic has left supply chains all over the world in a state of disarray. Now more than ever, antiquated supply chain contract management procedures can prevent efficiency and
Contract intelligence: embracing smarter contract management
Artificial intelligence (AI) is positively impacting organisations across a vast array of industries. Developments in AI are proving incredibly valuable as they apply to contract management software systems. Contract management AI can
Contract Insight 17.7.0: innovation is in our DNA
Contract Insight Enterprise Version 17.7.0 – is here, bringing with it many new features and enhancements to enrich your contract management software platform. Advantageous features such as AI and machine learning innovations,
Comprehensive procurement management from start to finish
A disjointed procurement management process can lead to procurement workflow bottlenecks. The manual management of contracts, vendors, purchase orders and bids can be challenging and ineffective. Processes that involve paying per solicitation
Boost financial analysis with contract management software
Systematically tracking and reporting contract financials is a crucial strategy for healthy contract lifecycle management. Organisations benefit from a contract management software platform that permits them to keep track of transactions, run reports on
Better procurement: from tedium to innovation
Antiquated procurement processes can prove cumbersome and reduce the value of procurement. In addition to being ineffectual, manual management of suppliers, bids, contracts and purchase orders may prove challenging. It’s
6 tips for vendor management excellence
For proper vendor management you need process unity and efficiency. A vendor management process that relies upon disorganised documents, emails and spreadsheets for vendor key data, contract data, certificates of