Why partnering with a data company offering CLM solutions and support versus a CLM provider alone is a gamechanger for procurement by Martin Krumrey
Having worked with Terzo closely over the last year or so, I read with great interest the recent blog post by Jon Hansen titled “Moving Contract Management Beyond Dormant Enforcement.”His opening paragraph about “contract management in the post-Covid world” is telling in that his research indicates that “most organisations were only using 20% of their CLM platform – mainly under the control of the legal department.”Of course, this suggests that most CLM platforms are outdated [...]
Reimagining Contract Management In The Digital Age by Gareth Cope
“Like everything in our professional lives, business contracts are changing and being transformed by digitalization. And like many other technology advances, this transformation is enriching the role of legal, finance, procurement, and sales operations in designing, preparing, negotiating, and managing contracts.” – D!gital List Magazine, January 2018 As someone who has had extensive experience in the procurement world the International Association for Contract and Commercial Management (IACCM) assertion in the above article that “technology [...]
Assessing The Digital Landscape In Procurement
In a recent interview with Procurement Insight’s Jon Hansen CPO Interactive Co-Founder Martin Krumrey talks about the Fourth Industrial Revolution, and how emerging digital business models are shaking and reshaping the procurement world. Jon Hansen (JH): Thank you for joining me today, Martin. Martin Krumrey (MK): It is my pleasure to be here. JH: As someone who has covered the procurement world for many years, I cannot remember an example where emerging technological advancement [...]
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