The Determine
Blog
A Corcentric Company.

March 2, 2017

Putting the Principles of Multinational CLM into Practice

Putting the Principles of Multinational CLM into Practice

In my last post, I wrote about the differences between global and multinational contract lifecycle management. These two seemingly synonymous terms provide guidelines for a large group of varied users and organizations, but they achieve their objectives in different ways. Global implies control, pushing a set of standards universally, while multinational implies flexibility, modifying a localized ability to accommodate regional norms. Continue Reading

February 13, 2017

Bricks to Clicks — the impact on the supply chain

Bricks to Clicks — the impact on the supply chain

Legal, procurement, supply chain—oh my!

Visiting some retail clients during the holidays, I was struck by the impact of the accelerated shift from “bricks to clicks” on procurement, supply chain and legal. It’s no secret that recent holiday shopping sales showed a continuing significant shift to online buying habits. Actual physical toy retailers are nearly nonexistent, mobile phone retailers are all online, booking holidays is a 100% online pursuit, banking, grocery and now urgent purchases are easily accessible for online same-day delivery.

This is not a new phenomenon, but I was surprised by how unprepared indirect procurement or GNFR (goods not for resale) is for this change.

So what is the impact on GNFR, supply chain and legal?

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February 9, 2017

Be Global. Act Multinational.

Be Global. Act Multinational.

In a recent webinar co-presented by IACCM and Determine (available on demand here), IACCM CEO Tim Cummins discussed the history of global contract lifecycle management (CLM) efforts reaching back to the 1990s. As he pointed out, the CLM approaches of the time had a tendency to overemphasize centralization and standardization for the sake of cost efficiency. Though this strategy did bring some short-term operational wins, it both alienated local users and created regulatory and/or accounting complications for the company and their suppliers.

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September 15, 2016

Time for legal to soar into the Cloud
(Series 1 of 3)

Time for legal to soar into the Cloud (Series 1 of 3)

This article was first published in the ACC Docket, September 2016.

The cloud will make your legal team’s global operations more efficient. The cloud will also bring much-needed transparency to and increased collaboration with your company’s suppliers.

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August 24, 2016

Improving Insights Into Third-Party Risk (Series 1 of 4)

Improving Insights Into Third-Party Risk (Series 1 of 4)

Introduction to SIM & CLM:
Why supplier risk isn’t just a Fortune 100
company issue.

The responsibility for managing suppliers and supplier contracts has taken on a heightened level of interest and concern in recent years. Highly regulated industries including finance, healthcare and food services, are forced to re-evaluate how supplier information is collected and how contracts are managed. With fines that can be in the millions, the potential of being audited and penalized due to non-compliance is real.

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July 19, 2016

The CFO’s Bread and Butter: Compliance & Risk (Series 3 of 5)

The CFO’s Bread and Butter: Compliance & Risk (Series 3 of 5)

CFO’s Bread and Butter: Compliance & Risk

Thanks for joining our series of posts comparing how factors such as timing and cost are seen differently by finance, procurement and legal.

Compliance and risk are no different. While procurement may see compliance and risk management as being a few rungs up their strategic maturity ladder, for finance — and legal, I might add — they are the bedrock of our existence in the organization. If a CFO isn’t focused on ensuring compliance and risk management, he or she isn’t going to be in that job for very long.

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