Procurement is a critical function within any organization, responsible for the purchasing of goods and services from suppliers. To meet the evolving needs of organizations and to remain competitive, procurement must adopt new and innovative tools and technologies like Smart CLM to streamline processes, improve performance, and achieve organizational goals. According to Mckinsey Research, Greater visibility into existing contracts can ...
Negotiated Terms Contracts are the life-blood of every business. These negotiated terms govern the way companies interact with their stakeholders and ensure that the company is protected in a constantly-evolving business environment. Over the past few years, heightened customer expectations, disrupted supply chains, changing market dynamics, and rising inflation have pushed companies to re-evaluate their contracting process and stay competitive ...
In today’s fast-paced business world, legal departments are bombarded with multiple contracts which they have to draft, analyze and send to their respective stakeholders. They are required to stay on top of any renewals or obligations, which can be extremely inconvenient without a centralized source for their contract management. Contracts are managed by various departments such as legal, finance, procurement, ...
Inflation has hit multi-decade highs across the globe with the US CPI index rising over 8.3% in the last 12 months. Despite the continuous moderation of federal governments to curb inflation, commodity prices have skyrocketed and companies are facing the brunt of it. Companies are pulling multiple levers to manage margins eroded by rising oil and commodity prices, supply shortages, ...
Greetings from Volody Products Inc.! One of the most competitive industries existing in the 21st century is the healthcare industry. With raise in medical tourism, growing infrastructural facilities in the medical care industry, drug trial, insurance cost, M&A, increased regulatory requirements, decreased governmental expenditure and rapid privatization, it has become quintessential for the healthcare industry to manage the contracts with ...
Greetings from Volody Products Inc.! The future is virtual. Countries across the globe are building up their digital proficiency by adopting advanced and deep technologies. Digital revenue for the FY 2021-2022 saw 5x growth as compared to other industries. To breed and promote start up culture, the government has allowed 100% FDI in Data processing, Software development and Computer Consultancy ...
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 (#convid19) 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. By now it is quite clear that the #Convid19 is going to stay for years and it may take a few months to have an adequate ...