How many organisations can answer even basic questions about their supply contracts with any certainty and confidence? Most procurement people and functions, and indeed most business budget holders, will start looking a little – or maybe very – nervous when you start asking basic things like "do you know where all of your contracts are?" The more confident may talk about a contract database, repository or similar...but there's enough uncertainty that we thought we should write a paper about what questions you should ask and how you can truly manage your contracts!
From better contract management and accelerating the flow of the cash cycle to simply boosting productivity, electronic and digital signatures have proven to be a useful tool for procurement organizations. And, as the supply chain — and the rest of the world — continue to move toward a paperless workflow and implement smarter technologies, digital signatures and e-signatures are a natural path or progression for procurement. Bottom line: digital signatures and electronic signatures save time and money. Download this paper to learn more!
E-signatures and digital signatures are a rapidly growing sub-segment of the procurement and broader enterprise technology market. The numbers are truly off the charts. According to industry research, the segment experienced 48% growth in 2011, and an average of 53% annual growth in 2012 and 2013. Forrester estimates there will be 700 million e-signature transactions by 2017. There is no doubt that the growth will continue in this market at breakneck pace for at least the next few years. But where do e-signatures and digital signatures fit into e-procurement, beyond simply replacing handwritten signatures on the contract paper? This Spend Matters PRO research brief provides examples and use cases where these solutions can play a critical role supporting end-to-end source-to-pay (S2P) and related procurement processes.
This report is a summary of a webcast by the same name delivered in June, 2015. Alongside Seal Software, we explored how a contract, which is supposed to commercially protect a firm, might have the quite unintended consequences that do just the opposite. This is especially pertinent today, as companies are trying to build better visibility into their supply chains, partners, spending, and underlying contracts. The webcast replay can be viewed here. This quick-hit report summarizes what we found when we dug into some of Apple’s publicly available contract templates. We’ll also comment on results from the real-time polls we conducted during the event, which provides a pulse on where companies actually find themselves in this space (vs. where we think they should be!)
E-Signatures and Digital Signatures – Understanding the Difference And Learning What They Really Mean For You
This Spend Matters Research download provides a foundation for procurement and supply chain practitioners to understand the benefits that digital signatures can bring to contracting and contract management as well as interactions with internal stakeholders, suppliers and partners. Download this paper to find out more!
An organization with good contract lifecycle management, backed by a solid CLM solution, can gain a firm grasp of its supply chain, its key suppliers, the composition of the products it’s buying and the locales in which it’s operating. Don't have a CLM solution? You should. Download this paper to learn the basics of why, and first steps you can take.
This is part 1 in an ongoing series that will primarily focus on procurement-centric CLM in the context of purchasing and supply chain. Where relevant, it will indicate additional sell-side benefits that are offered by a CLM platform and the key capabilities it provides an organization. This iteration covers Contract Lifecycle Management 101.
Spend Matters Premium Content - Ask the Expert Video Replay
Trust only goes so far - but the same can be said for tracking! In this Ask the Expert session, Peter Smith of Spend Matters UK/Europe walks you through how to achieve a proper balance to assure that you're getting what you need from your suppliers - and they don't roll their eyes every time they receive an email or phone call from you.
Spend Matters - Free Research Download
In the final part of this series, we look at the risks that can be mitigated through effective contract management, and pull together final thoughts on the topic.
Spend Matters Perspective - Free Research Download
In the second of this three part series, we look at identifying the various opportunities that can be generated from effective contract management.