This has been a point of discussion among professionals: the impact of artificial intelligence (AI) on contract management. Contrary to popular misconceptions, AI will not render contract management obsolete; rather, it will enhance its importance and relevance. Let’s explore why this is the case and how we can leverage AI to revolutionize contract management practices.[Read more…] about The Synergy of AI and Contract Management: A Promising Future
Future of work
The business is served best with agnostic process design and roles and responsibilities and software that can really support the fit for purpose solution. As at CATS CM® we have trained thousands of people in the methodology and helped implement in many organizations we see that clm software is a ‘beast’ by itself. We focus on methodology, others will focus on technology.[Read more…] about Methodology And Technology Are Always Complementary In Contract Management
Combined with my love for innovation and business future thinking, I wrote todays post about the skills for the next decade.
1. Creativity: As automation and machine learning take over routine tasks, humans will need to tap into their creativity to come up with innovative solutions to problems.[Read more…] about The Top 10 Skills For The Future Of Work
The global marketplace is continually evolving, with businesses being forced to adapt to an array of challenges, including consumer expectations, technological advancements, and geopolitical tensions. As a result, predicting the future of commercial relations can be a challenging task. Nonetheless, by examining current trends and developments, we can make some informed predictions on where the industry is headed.[Read more…] about The Future of Commercial Relations
A few days ago Peter Streefkerk asked me something about the state of mind in purchasing professionals. It got me thinking.
First I had to think about the classical dilemma where staff departments assume authority over the business. I still see that happening a lot. So here it goes.
In today’s competitive market, businesses must adapt to remain successful. One key aspect of this lies in recognizing the importance of placing business at the forefront, rather than focusing solely on staff departments. Here’s why:[Read more…] about Leading from the Front: The Virtues of Business in the Lead, Not Staff Departments