The Determine
Blog
A Corcentric Company.

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 12, 2020

How to Maximize Value from S2C Solutions – Part 2

How to Maximize Value from S2C Solutions – Part 2

Optimizing source-to-contract means focusing on wider business needs.

In Part 1 of this two-part blog we addressed the initial approach of S2C. Our viewpoint is, that while S2C is often focused on procurement as the primary users of the technology, decisions around adopting the components — such as sourcing, contract management and supplier management — need to accommodate implementing capabilities with the wider business needs in mind. Continue Reading

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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October 24, 2019

Here’s Looking at You, Risk.

Here’s Looking at You, Risk.

All risk requires an enterprise-wide perspective.

It is consistently amazing how the conversation about a broad topic like risk is dependent on the individuals involved, and more often than not will generally be focused on specific aspects like contract management, for instance.

In fact, digging deeper into the subject with colleagues and customers, it’s surprising that a majority of what’s been written on risk in a corporate setting narrowly focuses on digital security and compliance in the context of governance, risk and compliance (GRC).

But, as a source-to-pay organization, the question has to be “What about third-party exposure?”

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August 20, 2019

The Challenges of Managing Contracts on a Global Scale, Part 2 of 2

The Challenges of Managing Contracts on a Global Scale, Part 2 of 2

What Should the Right Contract Management Solution Look Like…and Do?

In part one of this two-part blog series, we explored some of the challenges and strategies around a global contract management solution implementation. From the required melding of global-local considerations to the absolute need for contract visibility and data transparency, having the “right” contract lifecycle management technology (CLM) means having the advanced capabilities to meet a wide range of enterprise, performance and user objectives. Here’s how to make it so.

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August 15, 2019

The Challenges of Managing Contracts on a Global Scale, Part 1 of 2

The Challenges of Managing Contracts on a Global Scale, Part 1 of 2

Choosing the Right Contract Management Solution to Keep from Spinning Out of Orbit

In the spirit of the anniversary of the first moon landing 50 years ago, if a typical contract management solution implementation is “one small step” toward improving a company’s efficiency, then a global deployment is “one giant leap.”

In this two-part blog series, we’ll explore the mission control elements that are critical to ensuring that leap doesn’t end up lost in space.

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June 27, 2019

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

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

You’ve heard the phrase “back to basics” countless times. And it’s an incredibly misleading message: That basics somehow equates with “regressing.” Nothing could be further from the truth. Honing your basic skills and knowledge is about improving, moving forward, excelling. Ask any top musician, athlete or craftsperson — basics make you better.

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