Contract managers in every organization are under constant pressure to design strategies that drive significant impact and deliver value in terms of cutting down on costs, time, risks, thereby, improving overall performance. The optimal KPIs for contract management are ones that are build around “SMART” goals, which means the deliverables are specific, measurable, achievable, result-oriented, and time-constrained. Contract Efficiency, Contract Effectiveness, ...

A sound contract management system requires executing standard best practices at all levels of an organization and making sure that the contract management process is complied with. Enterprise contract management software allows companies to improve business outcomes through automated contract management processes. The right platform can reduce risk, speed up business and optimize results. Good contract management transforms core operations ...

Given your busy calendar, it may be difficult to keep tabs on your company’s contracts, however, not properly managing your contracts, can result in serious legal, reputational and financial risks. According to World Commerce and Contracting, inadequate contact management costs organizations 9% of their bottom line and can waste significant amount of time as well. Not paying attention to contract ...

The ongoing coronavirus pandemic has brought the world to a virtual halt like nothing else could. The economy as a whole spiralled downwards since the virus started spreading at a rapid speed. This massive paradigm shift caused by the outbreak has complicated the management of contracts since the majority of the working population is working from home. It has become ...

It might sound like, that banks have enough time for LIBOR transition, however, considering the challenges attached to transition, it is almost certain that without absolute smart technology, well-thought-out strategy, LIBOR transition for the already signed contracts can be a nightmare and might result in banks getting into lawsuits amounting to billions of dollars. Welcome to the LIBOR transition challenge. ...

As businesses are going through the biggest pandemic Covid19 of the century, CFOs are becoming the most important asset in the company to support resilience and relevance. The challenges CFOs are facing including managing cash flows, fixed costs, price discount requests coming from customers and delivery challenges from vendors. All these issues require the active participation of CFO to protect ...

People in former times used to make deals that were way different than the current era. People went by the value of one’s word and have verbal agreements, which were to be honored for a time or until the end of their lives. One of the reasons for businessmen and entrepreneurs of the previous era adopting the word-value was the ...

Novel Coronavirus (#covid19) bringing unprecedented challenges and requiring every organization to evolve and bring-in 360-degree changes to remain in business and ensure there is a limited impact on life, business and no community spread.  Looking at global trends, now it is quite clear that the #Covid19 is going to stay for a longer time and it may take about 18 ...

Time and again SEBI has been giving a very direct message on how serious the regulator is about the compliance of Insider Trading Regulations and maintaining of Digital Database for Unpublished Price Sensitive Information.  To make things clear and put the onus on the Board of Directors SEBI has come out with new amendment called as SECURITIES AND EXCHANGE BOARD OF ...

Cost saving has always been top of every CXO mind and technology is the biggest contributor to businesses to reduce unit cost and improve profitability. Corporate would have never imagined a few years ago that there is something called Virtual Meetings that exists for them where they can make business decisions without going to the office. It isn’t making our ...