How Generative AI is redefining contracts

Digital transformation is driving profound changes across all industries and markets. One of the most revolutionary advancements is the integration of Generative Artificial Intelligence (GenAI) into the creation,...

Preventing value leakage and driving value add in contracts

In contract management, understanding the concepts of value leakage and value add is crucial for optimizing the benefits derived from contracts. For Arjen van Berkum, Chief Strategy Wizard at CATS CM®, value...

Contract management is far more than an administrative task

Contract Management is no longer just an administrative function in modern companies. In an era marked by increased complexity, digitalization, and global market changes, contracts have become a central element in...

Contract management is a critical function

Contract management is a critical function that ensures agreements are effective and protects your organization's interests. But how do you know if your efforts are truly successful? While intuition plays a role,...

Navigating the complex web of contract management in healthcare

In the rapidly evolving landscape of healthcare, effective contract management is more crucial than ever. With the integration of various services, technologies, and regulations, healthcare organizations face an...

The critical relationship between general counsel and supply chain management

For many in-house lawyers, it’s easy to understand the importance of the relationships between the general counsel and the CEO, CFO, CMO, and others key business leaders. But one often overlooked yet still...

Contract management for different industries

Introduction Contract management is crucial across industries, ensuring agreements are executed effectively, risks are managed, and compliance is maintained. Each industry has unique challenges and requirements....

How Generative AI is redefining contracts

Digital transformation is driving profound changes across all industries and markets. One of...

Preventing value leakage and driving value add in contracts

In contract management, understanding the concepts of value leakage and value add is crucial...

Contract management is far more than an administrative task

Contract Management is no longer just an administrative function in modern companies. In an...

Contract management is a critical function

Contract management is a critical function that ensures agreements are effective and protects...

Navigating the complex web of contract management in healthcare

In the rapidly evolving landscape of healthcare, effective contract management is more...

The critical relationship between general counsel and supply chain management

For many in-house lawyers, it’s easy to understand the importance of the relationships...

Contract management for different industries

Introduction Contract management is crucial across industries, ensuring agreements are executed effectively, risks are managed, and compliance is maintained. Each industry has unique challenges and requirements....

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Featured contract management news

Featured contract management news

How Generative AI is redefining contracts

Digital transformation is driving profound changes across all industries and markets. One of...

Preventing value leakage and driving value add in contracts

In contract management, understanding the concepts of value leakage and value add is crucial...

Contract management is far more than an administrative task

Contract Management is no longer just an administrative function in modern companies. In an...

Contract management is a critical function

Contract management is a critical function that ensures agreements are effective and protects...

Navigating the complex web of contract management in healthcare

In the rapidly evolving landscape of healthcare, effective contract management is more...

Elevating procurement’s role in risk management and sustainability

In the Economist Impact report, titled “Across the procurement-verse: Changing trends in the...

Contract Management: Bridging Buying-Selling Risks

#contractmanagement is not #sales and it is not #procurement. It is part of both. When it comes to buy and sell risks, organizations need to consider them from a single perspective in order to effectively manage...

Why CFOs should not put cost targets at procurement

The role of a Chief Financial Officer (CFO) is crucial in managing the financial aspects of a company. When setting cost targets, it is important for CFOs to consider the overall impact on the company's...

The Devil’s in the Details: How a Bad Contract Can Ruin Your Startup

In the high-stakes world of new business ventures, overlooking the smallest detail can have catastrophic consequences. This is particularly true when it comes to contracts, the very backbone of business...

The future of contract management: 7 trends to watch

Contract management has come a long way from the days of paper-based contracts and manual tracking systems. With technological advancements and evolving business needs, the landscape of contract management is...

Culture as a vital element in contract management

Arjen van Berkum, Chief Strategy Wizard at CATS CM®, believes culture is a vital element in contractmanagement but often it is overlooked. So a small jump into it to get your mind running. Organizational culture...

Contract managers are boringly average

Earlier this week I spoke about IT service and its impact on people and their business. Nothing new about this. I must have done it fifty times in the past five years. Usually for IT service managers, business...

Outsourcing is here to stay

Outsourcing is here to stay. Yet we are still making the same mistakes. Let’s dive into the retained organization. A vital and oft overlooked element. Strategic control By retaining a strong organization, the...

Key considerations for evaluating vendor contracts involving AI

Introduction The prolific use of artificial intelligence (“AI”) to increase efficiency, optimize processes, and identify novel solutions has many businesses turning to third-party vendors to harness its potential...

AI and the future of contracts

There are decades where nothing happens. And there are weeks where decades happen. With the latest developments in generative AI, contract management is about to go through decades. These new technologies have the...

Revise Contracts Now: New State Data Privacy Laws

A contract establishes an organization’s obligations and rights, serving as the framework for every business relationship. But as additional states continue to debate, approve and then roll out data privacy laws,...

Interesting topics in all categories

Interesting topics in all categories

General Knowledge

Contract managers are boringly average

Contract managers are boringly average

Earlier this week I spoke about IT service and its impact on people and their business. Nothing new about this. I must have done it fifty times in the past five years. Usually for IT service managers, business analysts and project managers. But this time it was at a conference for contract managers (the Dutch National Contract Management Conference organized by my good friends at CM Partners NL | Contractmanagement). Translation: IT...

Contract managers are boringly average

Contract managers are boringly average

Earlier this week I spoke about IT service and its impact on people and their business. Nothing new about this. I must have done it fifty times in the past five years. Usually for IT service managers, business...

Contract & Commercial Management

Preventing value leakage and driving value add in contracts

Preventing value leakage and driving value add in contracts

In contract management, understanding the concepts of value leakage and value add is crucial for optimizing the benefits derived from contracts. For Arjen van Berkum, Chief Strategy Wizard at CATS CM®, value leakage is about organizational issues and value add is about seizing opportunity. Here's a breakdown of the differences: Value leakage refers to the loss of potential benefits or value from a contract due to inefficiencies,...

AI & Tech

How Generative AI is redefining contracts

How Generative AI is redefining contracts

Digital transformation is driving profound changes across all industries and markets. One of the most revolutionary advancements is the integration of Generative Artificial Intelligence (GenAI) into the creation, management, and review of contracts. These technologies have emerged as an efficient and precise solution, addressing the inherent complexities of legal and contractual documentation. Sectors such as finance, insurance, and energy...

How Generative AI is redefining contracts

How Generative AI is redefining contracts

Digital transformation is driving profound changes across all industries and markets. One of the most revolutionary advancements is the integration of Generative Artificial Intelligence (GenAI) into the creation,...

Supply Chain

Digital transformation in supply chain management

Digital transformation in supply chain management

The landscape of supply chain management is experiencing a paradigm shift, driven by digital transformation. This transition is underpinned by advancements in technology and supported by robust scientific research. The integration of digital tools and technologies promises to enhance the efficiency, resilience, and sustainability of supply chains. Enhanced Visibility through IoT and Blockchain The Internet of Things (IoT) facilitates...

Digital transformation in supply chain management

Digital transformation in supply chain management

The landscape of supply chain management is experiencing a paradigm shift, driven by digital transformation. This transition is underpinned by advancements in technology and supported by robust scientific...

Risk, Legal & Compliance

Implications of the final RTS subcontracting for current and future ICT agreements

Implications of the final RTS subcontracting for current and future ICT agreements

On 17 and 26 July 2024, the European Supervisory Authorities published the second batch of the final Regulatory Technical Standards (“RTS”) under the Digital Operational Resilience Act (Regulation (EU) 2022/2554, “DORA”). Our colleagues have previously provided a detailed overview of the various RTSs published in the second batch here. In this article, we will focus specifically on one of these RTSs – the final draft of the RTS “to specify...

Finance

How ALM and CLM are reshaping finance

How ALM and CLM are reshaping finance

Tired of the spreadsheet shuffle, the approval chase, and the expense reconciliation saga? Say goodbye to the old ways and embrace a new era of efficiency!​ 1. Cost Control Mastered Say hello to Budget Bliss! Centralize contracts for enhanced expense visibility, empowering you to manage budgets with precision.​ 2. Auditing Made Easy No more headaches! With all contract and asset data neatly organized, auditing becomes a breeze, delivering...

How ALM and CLM are reshaping finance

How ALM and CLM are reshaping finance

Tired of the spreadsheet shuffle, the approval chase, and the expense reconciliation saga? Say goodbye to the old ways and embrace a new era of efficiency!​ 1. Cost Control Mastered Say hello to Budget Bliss!...

Sales

Ensuring future value: the critical role of contract management in sales

Ensuring future value: the critical role of contract management in sales

In a sales process, contract management plays a vital role in safeguarding future value by balancing the excitement of making a deal versus the realism of harvesting the value in the future. Here's how it ensures the long-term success and sustainability of the business: Effective contract management ensures that agreements are clear, precise, and aligned with the interests of all parties involved. By defining the rights, obligations, and...

Procurement

Elevating procurement’s role in risk management and sustainability

Elevating procurement’s role in risk management and sustainability

In the Economist Impact report, titled “Across the procurement-verse: Changing trends in the procurement function” and sponsored by SAP, surveyed executives share increased confidence in procurement to deliver against risk-mitigation objectives. Particularly when it comes to internal risk, which involves stakeholder management and strategic alignment, confidence levels rose to 83% this year, from 64% last year. This illustrates that...