NPI Sponsored Article
5 Things Procurement Can Do to Stay Ahead of Software License Audits

Kzenon/Adobe Stock

Enterprises are undergoing vendor-initiated software license audits at an alarming rate. Gartner estimates that 70% of enterprises get at least one audit notification a year. It’s not uncommon for penalties to surpass $1 million, $10 million or more. Audits have become an unspoken part of the routine conversation between procurement and vendors. In that regard, IT sourcing teams represent a first line of defense against noncompliance and audit risk.

Beyond Greenwashing: How to Make CSR Clauses Truly Effective (Part 2)

Editor’s note: This is Part 2 in a two-part series covering EcoVadis’s recent study of CSR contractual practices among buyers and suppliers. Part 1 covered the limited effectiveness of today’s CSR clauses

Among buyers, inserting a corporate social responsibility (CSR) clause into their contracts with suppliers is a pretty common occurrence. According to EcoVadis’s 2018 study on CSR contractual practices, about 70% of buyers do so. The same study found, however, that more than 50% of suppliers say that they have come across CSR requirements that could not be met. But perhaps the greater problem is the fact that most CSR clauses are vague and ineffectual, providing for little enforceability and verifiability.

Business Intelligence to Transform Procurement