Contract management – or contract lifecycle management (CLM) – is a software solution that provides full-time, automated contract monitoring and helps optimize each stage of the contract lifecycle. Pretty straightforward.
Part 2 of 2: Trading your “alpha” tendencies for a more shared approach to success.
In this two-part series, Determine Chief Product Officer Julien Nadaud tells how one word — influence — can empower procurement strategies to literally put top value into the outcomes all parties, including suppliers, seek. In Part 1 he explored expanding supplier visibility into overall spend; in Part 2, he looks at two case studies showing why influence, value and collaboration are mutually inclusive.
Part 1 of 2: You don’t have to act like a control freak to wield procurement influence.
In this two-part series, Determine Chief Product Officer Julien Nadaud tells how one word — influence — can empower procurement strategies to literally put top value into the outcomes all parties, including suppliers, seek. He explores three case studies that prove his point, starting with how one customer expanded its supplier’s visibility into overall spend.
A look at best practices in managing supplier and contract lifecycles.
I recently had the privilege of participating in Ardent Partners’ third Annual CPO Rising 2018 Summit. The calibre of CPOs and procurement professionals who attend this annual event is outstanding, and there is a considerable amount of shared learning. The article here combines content from my presentation, concepts and ideas raised during the event, and feedback from the Q&A session. The net takeaway from the summit is, procurement as a practice is changing fast, and those who can think and act ahead of the curve will be that much further ahead.
Two organizations leveraging technology in pursuit of agility.
In Part One of this two-part blog series, Determine Chief Product Officer Julien Nadaud laid out the fundamental thinking and strategy behind what it takes to move toward a more agile procurement framework and operations. Part Two below delves into some of the specifics that two Determine customers used to streamline, modernize and “agilify” their organizations. As Ardent Partners points out, agile is the future of procurement success — here are some examples of how that looks.
Making the move from concept to reality.
In this two-part blog series, Determine Chief Product Officer Julien Nadaud explores what it takes to strengthen your procurement strategies and make them easier with just one word: agile. Part One looks at the groundwork required to rebuild your present agile procurement strategies, and in Part Two he’ll summarize two case studies surrounding specific examples of agility in action. [inlinetweet prefix=”” tweeter=”” suffix=”#AgileProcurement”]The idea of “agility” is getting a lot of play in the procurement world these days, but it is real, achievable and what success will increasingly look like[/inlinetweet].
Accelerating your contracts from dotted line to bottom line.
In part one of this two-part blog series, we looked at some of the issues around self-service contracts currently – the need for digitization and automation – and how those are impacting organizations today. In part two, you’ll learn how (and why) businesses are taking inspiration from consumer-facing processes to speed up self-service contracting, and what’s involved with your own digital transformation.
Four ways to ensure your contracts are ready for a one-click world.
Contracts are the lifeblood of modern-day business. They are used to protect against risk, establish incentives, hire employees, install systems and plan for the future. But at most organizations, contracts are executed, edited and stored using 25-year-old technology. In this two-part blog series, we’ll explore how moving to self-service contracting is the future of business. In part one, we look at the state of contracts now and identify room for improvement.
Everyone has heard about chatbots, or intelligent assistants. The battle between Google Assistant, Amazon Alexa, Apple Siri and Microsoft Cortana is raging: They are embedded in our smartphones and are mainly driven by voice, augmenting our ability to access information and do things; these assistants are also in many homes, and have become mainstream in consumer smart objects and IoT devices. Now we’re wondering how soon they will be just as common on our desks at work.
The world is mainly divided in two blocks in term of tax: the Value-Added-Tax, or VAT, that has been adopted by 166 countries out of 193 in the world; and the US, which is almost the only country that has sales tax. Some countries have still a very complex tax system that has not been unified between the provinces, like Canada, however the Good and Services Tax (GST) works mainly like the VAT.
There are a lot of differences in the way these two main tax systems work. Robust tax management can simplify the complexity for procurement.