Introduction Contract management is crucial across industries, ensuring agreements are executed effectively, risks are managed, and compliance is maintained. Each industry has unique...
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Contract & Commerical Management
AI’s first serious foray into legal may be contract review
Nearly half of legal professionals spend three hours or more reviewing a single contract, according to a recent survey, leading many in-house counsel and firms to consider whether...
Maximizing success: understanding the key components of an effective sales contract
Sales contracts are the cornerstone of commercial interactions, providing a comprehensive framework for the exchange of goods or services between parties. An effective sales contract...
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...
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...