Digital Transaction Management has started emerging as a key solution for businesses wanting to stay in the game. We have touched on this topic before in our previous blogs, and the Forrester report highlights the importance of digital transformation in today’s business. Forrester conducted an online survey taken by 400 people, and 5 qualitative interviews …
Digital Transforms the Game of Business – The Forrester Report Read More »
As contract management specialists, one of our focuses is on data and information. As a result of the large amounts of information being shared around the world, there are now are various pieces of legislation that have been put into place to protect personal information. The level of protection and the information protected varies depending …
Contract Management and the protection of Personal Information Act Read More »
From and contract management perspective, and practically, let’s step back and take a look at how most organisations manage their contracting cycle. To do this, we will be using the sales process as an example. Each organisation has a sales force. Typically, the sales team go out in the field with paper-based contracts covering a …
Digitising and automating the contract management process Read More »
Technology is Disrupting Markets In an article by the wefmediateam discussing how technology is disrupting markets, the Financial Industry workgroup of a year ago described the mood around digitization. Their conclusion was that people and organisations are in denial, largely due to the highly regulated nature of the industry. Innovation in the industry a year …
Thoughts and Future Trends in Digitisation From World Economic Forum In Davos 2015 Read More »
Due to rapid digitisation, the world is facing significant economic changes, with reduced growth rates, aging populations, the risk of stagnation, declining consumer spending and rising unemployment only being a few of the problems we are experiencing. Against this background, organisations are now presented with the risk of disruptive technologies – technologies that are opposing …
Global trends and the impact of digitisation on the organisation Read More »
The concept of the Digital Signatures (or E-Signatures) ties in with many articles written and many discussions had over the upcoming Digital Revolution and its effects on business – particularly with regards to digitizing processes and efficiency. The Second Machine Age by Eric Brynjolfsson and Andrew McAfee discusses these concepts in depth and gives interesting …
Could your length quote-to-cash cycle be costing you money? The quote-to-cash cycle: Companies often have a very long waiting period between meeting a potential customer and closing out the deal – which results in a loss of the customer, and money. Imagine the impact on the bottom line if you could book revenue even just …
Revenue Loss – Could your quote-to-cash Cycle be losing you money? Read More »
Governments should embrace a Contract Management Strategy All this could be avoided by embracing a contract management strategy. The Eastern Cape Government has recently been embroiled in many scandals surrounding poor service delivery, particularly in the Health Department. There have been reports of hospitals and clinics having a very small number of medical professionals – …
Saving Billions of Rands with Contract Management Strategy Read More »
Why Contract Management for the Public Sector? Contract Management in the Public Sector is a hot topic. There are a few Frameworks from Government entities globally, the OGC in the UK, some work out of Australia, pockets of best practice from the US and SA’s own National Treasury Framework. Each one has a common theme, …
What is Contract Management? Contract Management refers to the management of all contracts made with another party – whether they are vendors, customers, partners or employees. A Contract Manager is required to support and manage contracts, as well as to negotiate and facilitate contract creation. Manual Contract Management Although a software solution for Contract Management …
