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October 16, 2018

Center Led Procurement: An Introduction

Center Led Procurement: An Introduction

Realizing the Full Benefits of Center led Procurement

As procurement organizations of all sizes and maturity levels embark on transformation projects, many consider it within scope to re-evaluate the structure of their team and how procurement interacts with the rest of the enterprise. Center led procurement has been considered a best practice for some time now, preferable to both centralized and decentralized procurement structures. And yet, procurement must be constantly re-evaluating their structure and priorities.

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October 10, 2018

The Business of Contract Management.

The Business of Contract Management.

How the changing role of General Counsel is shaping contract integration.

The role of the General Counsel in companies across industries continues to evolve beyond just legal responsibilities. As businesses increase their focus on contract management due to factors like increased M&A, stricter regulatory environments and increased supply chain risk, they’re amplifying their reliance on strategic relationships and focusing on ways to avoid or mitigate the impact of contractual disputes. This means integrating contract management throughout organizations, including procurement.

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October 3, 2018

Integrating Sourcing Strategies into Contracts.

Integrating Sourcing Strategies into Contracts.

Building on the value of cross-process, enterprise-wide solutions.

In the world of source-to-pay, the ROI of strategic sourcing strategies is only as good as the resulting contracts and subsequent contract compliance in purchasing. Creating strategic value from contract management entails choosing an enterprise Contract Lifecycle Management (CLM) solution that is cross-process, not process-based. More and more companies are coming to realize that contract management needs to cross through the entire organization from buying all the way to selling. Does yours?

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September 5, 2018

5 Reasons Why You Need a Contract Management Solution

5 Reasons Why You Need a Contract Management Solution

Contracts are assets; optimize your process to maximize the value they represent.

Regardless of size, industry, and region, there are a few things all businesses have in common. For one, they all operate based on a foundation of contracts. If you agree the same holds true for your business, are you currently using a contract management system?

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June 12, 2018

Demand more from your Contract Management Software.

Demand more from your Contract Management Software.

New players are currently devising solutions designed by and for contract managers.”

— Thierry Vidal, Director of Contract Management at NAVAL GROUP

The quote above, made by Thierry Vidal, Head of the Process and Tools Commission of the French Contract Management Association, was in the association’s December newsletter. Through a series of interviews with leading contract practitioners, The Journal of Contract Management provides a look at what contract management needs your software solution should support — beyond the usual alerts, clauses, workflows and e-signatures. In short, don’t settle for merely “adequate.”

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February 5, 2018

3 benefits of an integrated and automated contract management process

3 benefits of an integrated and automated contract management process

You don’t have to be a corporate general counsel to know that managing contracts can be complicated and time consuming. While almost every contract starts with a request, and ends (hopefully) with renewal, there’s a lot that needs to go on — and sometimes doesn’t — in between. That’s where an integrated and automated contract management process comes in.

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November 9, 2017

Supplier Information Management (SIM): A Sustainable Means to a Strategic End

Supplier Information Management (SIM): A Sustainable Means to a Strategic End

A closer look at the PayStream Advisors 2017 Supplier Management Report and webinar.

In a recent survey about current supplier management challenges, goals, and practices, PayStream Advisors asked procurement organizations what contributes to poor supplier relationships, and what their priorities are for improving the processes in place. Not surprisingly, access to accurate information was at the heart of both: As a source of supply chain challenges, and as a way to achieve a more strategic level of supplier management. Despite this seeming alignment between problem and solution, increased access to verified supplier information is not an end in and of itself. It is rather a means to two strategic ends: Satisfied internal stakeholders, and healthy supplier relationships.
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October 17, 2017

What Comes First: The Process or The Tool?

What Comes First: The Process or The Tool?

Backstory: This blog is a synopsis of a presentation by Determine customer Dave Quillin, Manager of Procurement & Third-Party Risk Management at Alliant Credit Union, one of the largest credit unions in the United States, at ProcureCon Indirect West in September 2017. This year, Alliant deployed several modular solutions on the Determine Cloud Platform. This is the story of how they approached the strategy, planning and methodology used to understand and select Determine.

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October 10, 2017

Risk adaptability: How organizations can stay ahead.

Risk adaptability: How organizations can stay ahead.

The podcast series that’s all about minding your business in contract management and source to pay.

Following on the heels of a webinar with SIG and Chris Monk of Determine partner Protiviti on Third Party Risk Management Efforts 101: Aligning Supplier Onboarding to Contract Onboarding, the discussion continues with Tony Abel, Managing Director and Chris’ colleague at Protiviti. With few exceptions, third-party risk has been one of our dominant topics over the past 12 months, with good reason. Risk is everywhere; it’s always growing, changing and adapting in order to seek and sneak its way into organizations by any means possible. As Tony points out regarding suppliers and vendors, companies are now largely responsible for those third-parties and the risks they create.

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September 25, 2017

Introducing Gérard Dahan, Chief Marketing Officer and EMEA SVP at Determine.

Introducing Gérard Dahan, Chief Marketing Officer and EMEA SVP at Determine.

Today marks another milestone in the continued upward trajectory of Determine as we welcome our new Chief Marketing Officer and EMEA SVP, Gérard Dahan. An industry veteran, Gérard brings with him a long and impressive resume, both from within and outside the source-to-pay industry. The fact that he chose to join Determine from among the many companies that were pursuing him, and the reasons why he did so, underscores the vision and goals Determine, as a whole, has worked so hard to achieve.

By way of introduction, what follows are the highlights of a conversation in which Gérard shared his background, the path that led him to Determine and where he sees that path going now that he’s here.

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