Why You Should Outsource Vendor Management Specialists to Avoid Costly Oversights We all understand the importance of overseeing our vendor ecosystem, but today we’re paying it a bit more attention as we realiz...
MOST COMMON MISTAKES made by finance, legal, and contract management departments … Automatic Renewal Clauses (“ARCs”) or AUTORENEWALS can be golden for business. But for all their perks, ARCs are noto...
A team mentality must be brought to the contract development and negotiations phase. In too many companies, outsourcing contracts are left to purchasing, legal, and senior executives, then assigned to the manag...
Cost Creep. Has this HAPPENED to YOU? Your company starts to grow, and you need more technology to keep up with additional staff, customers and to help improve the process. You are aware of the efficiencies and...
An independent study conducted by the International Association for Contract & Commercial Management (IACCM), concluded that poor contract management can cost companies upwards of 9% of their total annual r...
Vendor management is a repeatable, effective method for developing and monitoring third-party providers of goods and services. It is also a way to derive as much VALUE as possible from contracts and build mutua...