In this article some valuable insights on how scale-up companies can leverage contract management best practices to fuel their hyper-growth journey. As scaling up brings new challenges, having a robust contract management strategy can be the key to success. Let’s dive in!
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The European Banking Authority’s (EBA) regulations have a significant impact on how companies use contract lifecycle management (CLM) and run their contract management operations. Established in response to the financial crisis of the late 2000s, the aim of the EBA regulations is to improve the stability and resilience of the banking industry, protect consumers and investors, and ensure that the industry operates in a transparent and accountable manner.
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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
Daily practice lead me to sharing my thoughts with you on the difference between a value chain and a supply chain. I noticed that these terms are used in all types of contextual discussions and I thought you might like my take on it.
A supply chain refers to the series of activities involved in bringing a product or service from its conception to delivery to the end customer. It typically involves the sourcing of raw materials, manufacturing, distribution, and logistics.
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I’d love to expand a bit more on the difference between deal-driven people and result-driven people.
First, let’s take a closer look at the deal-driven folks. These are the salespeople and procurement professionals who love the thrill of the chase. They thrive on the adrenaline rush that comes with closing a deal and they’ll do whatever it takes to make it happen. This can include everything from bombarding you with phone calls and emails to taking you out to expensive lunches or even offering gifts.
[Read more…] about Deal-Driven Versus Result-Driven: What Is The Difference?This website uses cookies to ensure you get the best experience on our website. More information
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