In a recent article in the Wall Street Journal, author Joe Palazzolo looks at a ruling by the U.S. Justice Department that indicates a continuing shift in favour of machine over man when it comes to reviewing documents. The case involves the proposed merger of Anheuser-Busch InBev and Grupo Modelo of Mexico. [Read more...]
Under the backdrop of the NHS policy: Making the NHS more efficient and less bureaucratic, spending is set to increase each year between 2011 and 2015, yet demand for health services is rising faster. In order to meet the increase in demand, and with new drugs and treatments coming onto the market, it’s important that the NHS makes the best possible use of the funds available. [Read more...]
In this second follow up to Thomas Kase of Spend Matters white paper “Effective Contract Discovery, Analysis and Control”, Kase looks at the depth of contract metadata that can, and perhaps should be, but often isn’t, extracted from contracts. Whilst some common data items are, Kase argues, practically trivial: name and type of contract, contracting parties, dates etc. many others should and could be extracted quickly and effortlessly with the right tools in place. [Read more...]
Blog – Missing Contracts and Unenforceable Agreements – How Lenders Can Slip Up When It’s Time to Call in a Debt
Lenders on both sides of the Atlantic are falling foul of legislation when it comes to calling in a variety of debt. They have an obligation to be able to provide their customer with a copy of the original agreement as it was when the loan, hire agreement etc. was taken out, and that includes the interest rate being charged.
Following on from Thomas Kase of Spend Matters white paper “Effective Contract Discovery, Analysis and Control”, Kase, again working with Seal has produced an insightful look at the basics of Contract Discovery and why, as he puts it, “Contract management is a necessary core competency for organizations of all sizes.” [Read more...]
Much has been written in recent times on how Contract Lifecycle Management (CLM) can have a positive impact on any business. Be that in terms of more efficient and effective processes, cost reduction, mitigation of risk or improving compliance (better still a level of all of these). [Read more...]
In a recent blog post by Tim Cummins, CEO of the IACCM (www.contract-matters.com/2013/01/17/contracting-excellence-change/), he raises the question of Contracting Excellence laying at the heart of risk and opportunity in today’s environment. [Read more...]
Spend Matters lead analyst, Thomas Kase, has jointly written a new white paper with Seal Software titled: Effective Contract Discovery, Analysis and Control.
The paper, written for CPOs, attorneys and other senior executives with influence over or participation in an organization’s contracting process, looks at how critical effective contract management is to drive not only performance but also to contain risk. [Read more...]
There are many surveys undertaken and reports produced around the topic of Contract Management, and in a recently published (and free) eBook, “Contract Lifecycle Management” by Professor Douglas K Macbeth of Southampton University1, the author references a “Contract Management Benchmarking Model2” (copyright of RBS Group). [Read more...]