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January 25, 2018

January DetermiNews: A Review of the Month in Source to Pay and Contract Management

January DetermiNews: A Review of the Month in Source to Pay and Contract Management

If January is any indication of the year ahead, it’s going to be a busy one. From GDPR rising to Carillion collapsing, the expanding role of contract management (and the need for alerts) and the changes coming in the realm of procurement technology, we covered a lot of ground this month.

Looking ahead, contracts will continue to be a focus, as they become more essential and more integrated across other functions – sourcing, procurement, supplier management, etc. That’s because the business world, and the world in general, is becoming a riskier place. Contract lifecycle management is critical to mitigating that risk, whether through creating pre-onboarding supplier validation clarity or establishing procurement contract compliance for spend control.

But, like Kelly Barner mentions in her blog below, contracts themselves are experiencing big changes. They will likely always have a multi-year focus, but with business, economic and other conditions changing so rapidly, contract terms may not reflect reality year-to-year. The changing nature of contracts and contract management is the focus of our webinar with IACCM on January 30. If you haven’t registered yet, there’s still time.


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Contract Management Obstacles to Competitiveness

Breakthrough Ideas

CLM must be as strategic as a company’s other approaches to overall processes. Read On >>

Corillion bankruptcy

Epic Fail

90% of Carillion’s work was subcontracted – were they outsourcing jobs, or risk? Read On >>

EU GDPR Law

Euro Vision

GDPR goes live on May 25 – non-compliance will cost you. Big.
Read On >>

shopping checklist

Shop Talk

Digital transformation means embracing change. Here’s your list. Read On >>

The Source-to-pay crystal ball to be more predictive

Predictive Analysis

Julien Nadaud, Chief Product Officer, looks at the IT Purchasing solutions market ahead. Read On >>

Servier Case Study

Growing Commitment

Pharma industry leader Servier Group broadens its 10-year commitment to Determine Read On >>

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