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June 14, 2018

How contract management plays a critical role in regulatory compliance.

How contract management plays a critical role in regulatory compliance.

Businesses need to be more responsive to regulatory changes; an agile CLM approach can help.

You’ve heard of HIPAA, Dodd-Frank, GDPR and Sarbanes-Oxley, but what about HITECH, Stark Law, CECL, IFRS 17, TIR57? There is no shortage of acronyms in the regulatory world, and no shortage of regulations whether you’re in financial services, healthcare / life sciences, pharmaceuticals or many other industries. One of the biggest issues with regulatory compliance is that the rules are always changing — and the changes seem to be accelerating. Which means your contract management needs to be even more agile and responsive.

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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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May 31, 2018

May DetermiNews: A Review of the Month in Source to Pay and Contract Management

May DetermiNews: A Review of the Month in Source to Pay and Contract Management

If necessity is the mother of invention, then reinvention must be the offspring of a continuous improvement process. Back in flight school, there was an industry group with a major professional education component, whose slogan was “When you’re good, you’re always learning.” The more source-to-pay professionals and practitioners I meet, and the more research and whitepapers I read, that same slogan could easily apply to procurement, sourcing and contract management, as well. As one Determine customer sagely told me at a recent User Group, “Comfort zones makes me uncomfortable.”

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May 22, 2018

CLM Basics: 10 things to know.

CLM Basics: 10 things to know.

Get started or get to the next level with your contract management.

When you are immersed in something day in and day out, you tend to forget that not everyone is as familiar with the topic as you are. At a gathering this weekend I met the CEO of a global financial organization that is growing and expanding rapidly with offices all over the world. The conversation got around to the inevitable, “So, what do you?” I mentioned cloud-based contract lifecycle management. “Sounds interesting,” said this CEO. What’s that?”

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May 8, 2018

Creating a Risk Firewall with SIM+CLM

Creating a Risk Firewall with SIM+CLM

3rd-party risk management starts before the onboarding process.

One of the things that stood out the most in our recent webinar with Ardent Partners, CPO Rising 2018: The Age of Intelligence, is the critical role that data intelligence needs to play across organizations. In fact, data visibility and improved analytics stands as one of the biggest strategic goals that CPOs see as holding the most potential to drive performance improvement . While CPO Rising 2018 focused more on leveraging data as a way to add value, when you’re talking about data visibility it’s hard not to think of the risk management potential it represents.

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April 26, 2018

April DetermiNews: A Review of the Month in Source to Pay and Contract Management

April DetermiNews: A Review of the Month in Source to Pay and Contract Management

I read recently that “data is the new oil.” Which, from a corporate-speak pithiness perspective, is sound bytable enough. But it’s inaccurate: oil is a finite resource that gets used up and will diminish over time. Data, on the other hand, just keeps accumulating and getting ever more valuable. If you know how to leverage it , that is. Pick up some pointers in this month’s April DetermiNews, and even more in our webinar with Ardent Partners, CPO Rising 2018: The Age of Intelligence.

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