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A Corcentric Company.

January 3, 2019

Wondering What Your Procurement Contracts are Worth?

Wondering What Your Procurement Contracts are Worth?

How much value is your business gaining from your contracts?

If an executive asked you what a given contract was worth, most of us would likely give an answer based on the estimated spend with that supplier as a result of projected volume, negotiated costs and term. While this would be an accurate answer, it limits the “value” of the contract to its transactional footprint.

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December 27, 2018

DetermiNews: The Best of 2018 in Source-to-Pay and Contract Management

DetermiNews: The Best of 2018 in Source-to-Pay and Contract Management

Happy Holidays and Best Wishes for 2019!

Top leaders all have one thing in common: they have very eclectic tastes when it comes to what they read and what they’re interested in. Which pretty much describes all of you, based on the wide-ranging entries on our list of Top 10 Resources for 2018 in source-to-pay and contract management as defined by you.

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December 20, 2018

Think like a CLM consultant to improve compliance, reduce risk, and increase profit.

Think like a CLM consultant to improve compliance, reduce risk, and increase profit.

How to think about contract management in an era of rising regulation and compliance enforcement.

As explored in Part One of this series, a shifting regulatory and global business environment are compelling organizations to implement a much more robust strategy and technology approach to contract management (or contract lifecycle management – CLM). Part Two looks at how changing your perspective on the topic can make all the difference in how you approach it, and how you think about the outcome. Consider the role of the consultant in business. It’s their perspective — as much as experience and expertise — that bring value to a business. By adopting some of that ability to see things differently as it relates to contract management, you begin to see all the way it can create value.

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December 18, 2018

Rising Regulation and Compliance Enforcement = Increasing Need for Contract Management

Rising Regulation and Compliance Enforcement = Increasing Need for Contract Management

Whatever your industry, rules and regulations are constantly shifting playing field. They come and go, sometimes unnoticed. Staying on top of the changes means having the most agile contract management approach possible — a fact that’s clearly on the rise. Survey after survey from various analyst firms and consultancies show that contract compliance and management is a growing area of concern. Just as important, if not as urgent, is the fact that good contract governance is also good for business.

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December 13, 2018

Achieving agile procurement success: Part 2

Achieving agile procurement success: Part 2

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.

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December 11, 2018

Achieving agile procurement success: Part 1

Achieving agile procurement success: Part 1

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].

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December 4, 2018

3 Minutes to Building Contract Management Success

3 Minutes to Building Contract Management Success

CLM implementation do’s, don’ts and steps to take…and mistakes to avoid.

It would take a lot more than three minutes to learn what we have in over two decades of contract management solution implementations. But, by the time you finish reading this article, you’ll come away with a better understanding of steps you should take to achieve CLM success simply by avoiding some basic but common mistakes that put implementations at risk.

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November 27, 2018

The State of Procurement in Retail

The State of Procurement in Retail

Customers, compliance and clicks: How procurement is reinventing retail success.

The retail industry operates in a high-visibility, consumer-focused environment. That brings with it a host of opportunities, but also exposes it to the vagaries and shifting whims of target audiences, which are increasingly demanding as well as sliced into ever smaller, more specific demographics. [inlinetweet prefix=”” tweeter=”” suffix=”#procurement”]In order for retailers to be successful in a heavily competitive marketplace, they must adopt advanced procurement strategies and technologies that go far beyond the traditional focus on cost savings efforts alone[/inlinetweet].

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November 15, 2018

The Power of Alignment: Achieving Cross-Functional Transformation – Part 2

The Power of Alignment: Achieving Cross-Functional Transformation – Part 2

How Watermark Retirement Communities took their processes from “black hole” to “Best Team Performance” at CPO Rising 2018.

In Part One of this series, we looked at how Alliant Credit Union (ACU), an invaluable Determine customer, turned their approach to establishing business process alignment into operational excellence and award recognition by being named “Best Credit Union in America” by MONEY. Part Two explores another stunning achievement in cross-functional alignment — how Watermark Retirement Communities took a holistic strategy to process improvement and parlayed it into transformational success and earning the “Best Team Performance Award” at CPO Rising 2018. Like ACU, Watermark’s accolades are well deserved.

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