The Sourcing Manager’s Contract Conundrum By Onit October 22, 2012 Business Process Management,CLM 1 Minute Read Sourcing managers know: Contracts are the foundation of business. They spend a majority of their time reviewing, negotiating, shepherding and gaining approval for pieces of paper that will ultimately help their companies drive down costs, create beneficial alliances and reduce risk. They handle full portfolios of contracts that range from pending to finalized to executed and work with numerous departments within the company to attain final approval – that’s no small numbers of important negotiations to keep tabs on. One mistake can seriously jeopardize progress, costs and projects. So why would a sourcing manager rely on email or spreadsheets to handle such an important task? Manual processes = more risks. With the right software, a sourcing manager can gain greater visibility into a contract portfolio which means: – Enhanced insight into total time for approval – Iron-clad audit trains to support compliance – Establishment of a proven process to manage risk – On-demand status reports of all outstanding contracts Here’s how one sourcing manager accomplished this. Today's Popular Post Business Process Management The Next Steps for DEI in Legal: A Conversation with JusticeBid Read More Business Process Management The Power of Intelligent CLM: Leveraging AI to Optimize Contract Management Read More Bodhala Introducing Bodhala’s New Benchmarking Solutions Read More Subscribe Today Sign up for updates on new posts from our blog. Related Readings Business Process Management The Next Steps for DEI in Legal: A Conversation with JusticeBid Read More Business Process Management The Power of Intelligent CLM: Leveraging AI to Optimize Contract Management Read More Bodhala Introducing Bodhala’s New Benchmarking Solutions Read More Thank you for subscribing!
Business Process Management The Next Steps for DEI in Legal: A Conversation with JusticeBid Read More
Business Process Management The Power of Intelligent CLM: Leveraging AI to Optimize Contract Management Read More
Business Process Management The Next Steps for DEI in Legal: A Conversation with JusticeBid Read More
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