As contract management software and implementation specialists, the latest release by the IACCM (International Association for Commercial Contract Management) rings true, with a specific warning on comparing “legal tech” to contract management lifecycle software and where contracting impacts on the entire enterprise within a specific, focused discipline. For Organisations seeking Contract Lifecycle Management (CLM) software, …
Going digital is simple – but simple has never been easy. We have taken two decades of experience and learning to distil and offer a best practice approach that makes digital contracting seem simple. The six concepts to consider The essence of an organisation is reflected in the contracts that they enter into Sales contracts, …
What if digitising contracting processes could break down the silos between Legal and operations? All organisations are looking at ways of being more effective and efficient, to drive down costs, or increase productivity, or simply to make the customer experience better. But sometimes our own internal systems and business silos, with that protective mentality, get …
Digitising contracting processes & breaking down silos Read More »
What will the commercial profession look like a decade from now? Is it ready for digital disruption? Expensive, time consuming, labour intensive and inefficient processes are open for digital disruption. Let’s look at an example: Ace Limited employs its own internal legal function, one for each business silo, pouring over a multitude of inbound contracts, …
Why Digitise Contracts? There are a number of definitions and examples of digital contracts, one of the most common is a typical software license agreement: The purchaser is asked to tick a box to accept the terms and conditions, and an electronic agreement is signed. Completed with one click in a fraction of a second. …
Digital Transaction Management: The link back to contract management The world is going digital. Organisations are looking at appointing digital executives, a scramble to understand how the new digital world is going to impact their businesses, what the next disruptive technology will be or how the next start-up around the corner will affect them. …
Digital Transaction Management and Contract Management Read More »
by Sola Akingbade, MD of Realyst Nigeria The elections this year in Nigeria have ushered in an optimism that the country hasn’t seen for a very long time. The victory of the All Progressives Congress has a number of historically significant features for Nigeria – not least of which is the fact that it is the …
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 »
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 »
