With the help of Agiloft and Icertis , we take a look at the unrealised value of CLM and how the visibility of data can make for a better SX and generate competitive advantage
DIGITAL PROCUREMENT
With the help of Agiloft and Icertis , we take a look at the unrealised value of CLM and how the visibility of data can make for a better SX and generate competitive advantage
WRITTEN BY : LAURA V . GARCIA
Andy Wishart CPO , Agiloftt
Bernadette Bulacan Vice President and Lead Global Evangelist , Icertis
Contracts define the rules of engagement within a business agreement , defining who does what , at what price , over a specified time . Equally as important , especially in today ’ s environment , contracts determine who is responsible for what and the repercussions to be faced if things go wrong .
Contracts are gold mines of opportunity , holding business-critical intelligence that continues to be underutilised and undervalued , more often than not stuffed into a filing cabinet only to be dug out when trouble is afoot .
As CLM software providers begin to widen their lens , encapsulating more of the bidding and supplier selection process , further value emerges . The procurement process can often be nebulous or even abstruse , frustrating stakeholders and hindering outcomes .
CLM ’ s burgeoning powers simplify and democratise processes , making for a good look that levels up procurement , and makes for not only a better Supplier Experience ( SX ) but better stakeholder experience while enhancing your brand .
I sat down with Andy Wishart , CPO of Agiloft and Bernadette Bulacan , Vice President and Lead Global Evangelist at Icertis , to take a look at the softer side of CLM . procurementmag . com 63