The Determine
Blog
A Corcentric Company.

May 13, 2020

Do we need digital contract management? Part 2 of 2

Do we need digital contract management? Part 2 of 2

Contract Lifecycle Management (CLM) technology helps companies achieve distributed but agile contract governance, and provides the information required by senior management to make optimal decisions based on complex scenarios. A CLM solution that includes the above discovery capabilities can make it easier to locate contracts, create a searchable rendition or index, and access an automatically-created abstract containing contractual metadata such as clauses governing law, jurisdiction, indemnity, etc.

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May 6, 2020

Do we need digital contract management? Part 1 of 2

Do we need digital contract management? Part 1 of 2

Research shows that without digital technologies, our ability to handle contracting processes has been diminishing in recent years. Today, many CM experts see contracts as the primary cause of disputes, but the growing complexity of the contracting process creates a larger problem with information management in general. So, how can digital technology help us untangle this dilemma?

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March 26, 2020

Man, Moment, Machine: CLM Technology Enters Its Third Decade

Man, Moment, Machine: CLM Technology Enters Its Third Decade

Considering the challenges facing modern business, CLM continues to increase in importance across the wider enterprise.

Contract management technology may very well be the unsung hero of the procurement technology landscape. It has been steadily improving for two decades, from straight document storage, to metadata and redlining, to today’s full enterprise contract lifecycle management (CLM) solutions. Let’s see what’s ahead for CLM.

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March 19, 2020

A Closer Look at the IACCM Third-Party Risk Management Report

A Closer Look at the IACCM Third-Party Risk Management Report

The challenges and solutions of effective TPRM.

Organizations today and in the future will have to gain more visibility into their supplier information. Data is coming from everywhere – spend, supplier contracts, and other third-party information – and it can overwhelm procurement departments. Part of building a third party risk management strategy (TPRM) includes gaining visibility into where the risk is coming from, and building a strategy to help mitigate it.

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February 27, 2020

A CLM Checklist for High-Growth Companies

A CLM Checklist for High-Growth Companies

Growing fast is not the time to outgrow your contracts.

Most of the time when I read an article, blog, newsletter or what-have-you on the subject of fast-growing companies — entrepreneurial or otherwise — the lists of challenges and issues they face and what to focus on are all generally the same: Cash flow, HR, communication, management vision, etc. Very rarely, if ever, does one of those lists mention contracts or CLM. Now that’s an issue. Continue Reading

February 20, 2020

Agile Contract Governance: Addressing the Major Challenges with Technology, Part 2

Agile Contract Governance: Addressing the Major Challenges with Technology, Part 2

How can Agile Contract Governance challenges be more effectively addressed?

In Part 1 of this 2-part blog, we outlined the challenges faced by different stakeholders across the contract spectrum, setting up the need for a holistic approach to data and information management as a prerequisite for agile contract governance. The blog ended with an overview of existing solutions — and their drawbacks. What follows is a look at how leveraging a truly agile CLM solution can result in wide-ranging and lasting business impacts.

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