Contracts Go Enterprise: Increase Strategic Value of Procurement with ECLM
What can Enterprise Contract Lifecycle Management do for you? We’re glad you asked – and we’re excited to answer that question in Selectica’s upcoming webinar with guest presenter Andrew Bartels from...
View ArticleHow Much Are Your Contracts Worth?
How much value is your business gaining from your contracts? If a procurement executive asked you what a given contract was worth, you would likely give an answer based on estimated spend value as a...
View ArticlePushing Sourcing Strategies into Contracts
In the world of Strategic Supply Management, everyone knows that the ROI of strategic sourcing initiatives is only as good as the resulting contracts and the contract compliance in purchasing. Last...
View ArticleThe Future of CLM in 2015
Recently, Selectica hosted a webinar – now on-demand — titled, Creating Strategic Value from Contract Management. Guest presenter Andrew Bartels, VP and Principal Analyst at Forrester Research, Inc....
View Article7 Reasons to Move to ECLM in 2015
In the earlier blog we noted that CLM in the past was based on the inability to completely address the needs of an enterprise due to siloed approaches – so how do we look forward? Contracts are the...
View ArticleA visionary focused on helping procurement improve contract management
Just a couple of days ago, Gartner published its Magic Quadrant for Strategic Sourcing Suites, February 2015. We are proud to note that we have been recognized by Gartner as a visionary in the latest...
View ArticleProcurement leaders as enterprise leaders, and why ECLM should be in their...
According to Forbes, top global companies are relying on their procurement leaders more and more to seek out innovative ways of doing business with suppliers. It’s no longer simply about cutting costs...
View ArticleAnswers to your questions about Selectica’s acquisition of b-pack
Selectica has just announced the acquisition of b-pack, an industry leader in Purchase to Pay. Since the merger of Selectica and IASTA a year ago, it’s been our goal to provide customers with tailored...
View ArticleWhat’s up at Selectica? The perfect marriage between CLM and procurement.
It’s no secret that industry analysts note enterprises worldwide are fraught with low adoption of legacy procurement software. As a result, one of the main problems Chief Procurement Officers (CPOs)...
View ArticleContract Lifecycle Management helps you avoid contract overload
Let’s consider this familiar situation: it’s the last day of the fiscal quarter, and everyone in your company involved in the contract process is frantically working on extensions, approvals, and...
View ArticleThree suggestions to boost your CLM success
If you’ll spend two minutes reading this article, I’ll help you boost your CLM user adoption by as much as 45%. How, you ask? Simple: By avoiding some basic but common mistakes that place...
View ArticleCLM vs. ECLM: Which comes first?
I have been blogging about contracts at the core of business for some time now, but it appears there is still some confusion as to what the best way is to get started – a holistic approach or a...
View ArticleRise of Regulation and Compliance Enforcement = Increased Need for Contract...
As we move into mid-2015, it is clear that contract management needs are on the rise. Survey after survey from various analyst firms and consultancies tell us that contract management is a growing area...
View ArticleCollaborative Contract Management: Working Better Together
It’s not news that enterprises are dealing with more contracts and more complexity than ever before. Increasing numbers of stakeholders have skin in the game and creating, executing, and managing...
View ArticleIncrease Contract Value and Prevent Loss of Revenue with Better Contract...
At the IACCM Europe conference last July, two out of three participants said that their companies lacked a clear, consistent workflow for contracting. Meanwhile, there was wide variation among business...
View ArticleContract Management: Yours, Mine, and Ours
In his recent book Global Supply Chain Ecosystems, Mark Millar wrote, “…today’s supply chains encompass complex webs of interdependencies, frequently spanning the globe, designed and deployed to...
View ArticleFrom Cost to Revenue Center: How Legal Can Impact the Bottom Line
For too long the legal department has been seen as something of a necessary evil within an enterprise: vital in keeping the company out of court or at least on the winning side of legal battles, but...
View ArticleAvoiding Litigation with Information Governance Tools
As I was looking through some industry stories recently, I came across this report of a ski resort in Park City, Utah, that lost its lease on land it had held since the 1970s due to a data management...
View ArticleAre Chief Risk Officers Keeping Businesses Afloat?
During my annual pilgrimage to Ireland on the ferry from NW Wales to Dublin I was struck by the unnerving thought that all it would take for a ship like this to be unrecoverable is for it to list by 11...
View ArticleIntroducing the next level of CLM
Contracts are the instruments through which business relationships and commitments are defined and managed. Every year they grow more complex. In order to keep up, you need a strategy to achieve...
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