In the world of procurement, excellence is not just a goal – it is a journey of continuous improvement and alignment with the core values of a business. But how to achieve procurement...
Year: 2024
The impact of ESG on contract management
Too good to be true, right? Incorporating ESG principles into contract management may seem daunting, but it’s a crucial step toward more responsible practices for a brighter future....
Integrating contract management with other business functions
Introduction Effective contract management is critical not just as a standalone function but as a core component integrated with various business operations. This integration helps...
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...
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...
The business case for CLM: insights from industry leaders
Contract Lifecycle Management (CLM) is increasingly recognized as a critical component for organizational success. By leveraging insights from industry experts such as Craig Conte on...
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...
Is the customer’s contract paper still relevant in the era of vendor standard terms?
In the evolving landscape of IT procurement, a significant shift has occurred with vendors being increasingly prescriptive and often insisting on their own "standard terms" as the...
The future of contract management: exploring predictive analytics with AI solutions
$4.4 trillion – that’s how much a new McKinsey report predicts Generative AI will add to the global GDP each year. To put this number into perspective – India’s 2022 GDP was just over...
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...