In 2015, collaboration is the name of the game in procurement and frequently entails working with key internal stakeholders (like line-of-business managers and legal departments) or preferred suppliers to drive greater value through sourcing and procurement. For Chief Procurement Officers (“CPOs”) and other supply management leaders, collaboration has taken on many new and innovative forms over the years, causing these executives to leverage new (and, in some cases, existing) processes, relationships, and technologies to enhance compliance, decrease risk, and increase savings. One such business process, contract management, has been reborn with digital, automated features that can shift the way procurement teams collaborate, mitigate risk, drive performance, and realize greater savings for the enterprise.
Investment in agile, innovative contract management technology solutions that foster greater internal and external collaboration can be a game-changer for procurement teams that are seeking to enhance performance and mitigate risks. Such features as automated contract creation, centralization, automated workflows, electronic signatures, alerting and reporting functions, and mobile applications can drive greater stakeholder collaboration, engagement, and visibility, which can enhance compliance, risk mitigation, and enterprise performance.
To illustrate how enterprise procurement departments can leverage modern contract management tools to deliver these results, Ardent Partners has teamed up with Iasta, a Selectica Company, to offer a free webinar, Collaborative Contract Management: Procurement’s Role in Enhancing Compliance and Mitigating Risk, on Wednesday, February 18 at 11 a.m. US Eastern Time.
Ardent’s own Chief Research Officer, Andrew Bartolini, will outline recent innovations in contract management solutions that drive greater collaboration, visibility, compliance, and performance. He will also look at how Best-in-Class procurement teams report higher contract management automation levels, which correlate with greater process capabilities as well as enhance contract compliance, supply risk mitigation, and enterprise performance. If you register for the webinar, you’ll also get a complimentary copy of Ardent’s Collaborative Contract Management report. Register now at the links below:
Topic: Collaborative Contract Management: Procurement’s Role in Enhancing Compliance and Mitigating Risk
Date: Wednesday, February 18, 2015
Time: 11:00 am EST
Duration: 30 minutes, including live Q&A
Speaker:
Andrew Bartolini
Chief Research Officer & Managing Partner
Ardent Partners
Register at: http://sourcing.iasta.com/S2019-WBN-ARD-Andrew-RSI
Best-in-Class performers illustrate how collaborative contract management capabilities can engage more stakeholders, help to standardize processes, create visibility into compliance (organizational and supplier), performance, and risk, and ultimately help to elevate the enterprise to the next level of performance. Be sure to register for this webinar and receive all six of our recommendations for how procurement departments of all maturity classes can harness the power of collaborative contract management to elevate their enterprise to the next level of performance. Register here.
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