A blog by Spend Matters yesterday caught my eye, as it’s a topic that’s very top of mind here at Determine: the procurement technology user experience – or UIX. Coming hot on the heels of the Spend Matters’ E-Procurement SolutionMap, it’s a perfect time to look at what source to pay UIX really means and why it matters. More importantly, look at some of the many ways we optimize it on the new 17.3 Release of the Determine Cloud Platform.
The following article on General Counsel and legal teams becoming business drivers with the help of legal technology originally appeared in Corporate Counsel, March 30, 2017.
How CLM technology can help transform Legal with Self-Service
The demands on today’s general counsel are many, complex, and unfortunately often in conflict with the wider business. Corporate counsels are their company’s traditional guardians, expected to protect the business against unnecessary risk from poorly thought out plans, regulators, unscrupulous partners, class-action lawyers, bad business processes and more. But with this traditional approach, business silos are as prevalent today as they were 20 years ago. As CEOs and business directors look to destroy them, the general counsel becomes the fall guy, often getting the bad rap for inhibiting progress in areas of business development-an area criticized for not being taught in law schools today.
When it comes to contract management, all businesses face similar needs and challenges, from redlining to attachment management, tracking, clause libraries, etc. But for federal contractors – especially those working in technology for public sector agencies like the Department of Defense and the intelligence community – managing contractual relationships and the documents themselves leaves no room for error.
Ardent Partners turns the spotlight on Determine.
Holistic as a word was first used 80 years ago. That’s why it’s a bit surprising that the concept is just now gaining real traction in source-to-pay. But, as Ardent Partners explains in their report, the shift is happening because of the intersection of modern competitive business pressures and continuing innovation in technology. This has forced – and enabled – leading enterprises to take a more holistic view of their supply management workflow. As this Solution Spotlight also shows, this is signaling a rising interest and adoption of source-to-pay platforms.
I will never forget the first time I set foot in an Accounts Payable department. I was working as the lead consultant on a project to completely transform and rebuild a company’s procurement function. Everything was going exceptionally well: processes, reporting, technology implementation, and upskilling the current team. The CPO mentioned to me that I should stop in and introduce myself to the AP lead before the project moved much further forward. I dutifully did so – although when I walked onto the floor and heads suspiciously popped up from cubicles all around me, I knew something was up.