A well-defined vendor contract management process facilitates efficient negotiation, standardization of terms, version tracking, and performance measurement. It also strengthens your organization’s ...

Contract management is an area that poses a significant challenge in banking, financial institutions and enterprise operations. Many times, manual contract processing becomes a bottleneck for ...

Your project is on schedule, until legal reviews take way longer than anticipated. You find out—too late—this exact situation happened with another a project a few years ago. Sound familiar?

More than half of mid-market enterprise organizations don't have clear, centralized access to contracts, while the other half rely primarily on unreliable solutions such as shared drives, email chains ...

This article outlines the stages of CLM maturity and how Artificial Intelligence (AI) can be strategically integrated at each level to drive efficiency, reduce risk, and maximize business value.

Contracts are risk management and revenue tools. You must know what’s in the contract and ensure the whole organization knows it, too. Cross-team visibility will ...

If third-party providers violate regulations, they expose their clients to a compliance risk. Third-party risk management (TPRM) is intended to help against this. Whether your organization is aware or ...

Researchers from the Indian Institute of Management (IIM) Lucknow and Ranchi have developed a framework to strengthen governance in public-private partnership projects and deal with challenges such as ...

This is an excerpt of the original article. It was written for the May-Jun 2024 edition of Supply Chain Management Review. The full article is available to current subscribers. In each issue I try to ...