Many Contracts? Strengthen Oversight and Deliver the Expected Value.
Organizations managing hundreds or thousands of contracts must maintain control over contract execution, even as experienced contract managers are in short supply. AddVue CLMS helps organizations deploy their available capacity more effectively and demonstrate active management of supplier performance, risks, and contract value. The Governance Challenge Managing a large contract portfolio involves far more than […]
Beyond CLM: Your contracts are in order, but what about their execution?
Many organizations have their contract administration well organized. Contracts are available digitally, obligations are documented, and important deadlines are monitored. But does this also mean that contract execution is truly under control? In recent years, organizations have invested heavily in Contract Lifecycle Management Systems (CLMS). These systems support the drafting, review, execution, administration, and management […]
Executive Accountability does not end with outsourcing
The key question for executives is not whether suppliers are meeting their contractual obligations, but whether the organization can demonstrably maintain control over the risks, continuity, and value associated with its suppliers and contracts. Organizations are becoming increasingly dependent on external suppliers for their business continuity, security, and performance. As a result, the execution of […]
AddVue CLMS achieves ISO 27001:2022 certification
Information security is no longer optional. It is an essential requirement for professional contract and vendor management. By achieving the internationally recognized ISO 27001:2022 certification, AddVue CLMS demonstrates its commitment to protecting sensitive business information and ensuring the reliability of its services. ISO 27001:2022 is the internationally recognized standard for information security management. This certification […]
Contract management: quality is at the front end
Successful contract management requires careful preparation before a contract can be implemented. A solid preparation lays the foundation for successful contract execution. In this contribution, I will discuss the role of contract managers in the preparation phase,mainly in two areas: Contracting Contract Governance Contracting Before a contract is signed and implemented during the contracting phase, […]
Contract management: what is it (and what is it not)?
In my previous contribution, I addressed the significantly increased environmental dynamics and hence complexity of contract management. In my upcoming contributions, I will discuss how contract managers can address these challenges by following a series of steps. Before we proceed, I would like to examine the scope of contract management first. I have noticed that […]
Contract management is a dynamic process (and it is becoming increasingly complex)
Contact management is a relatively new and rapidly evolving field of management. Whereas in the past the focus was primarily on contract registration and timely contract termination or renewal, the work of modern contract managers encompasses a lot more. Using qualitative and quantitative tools such as KPI’s and risk assessments, the extent to which contractual […]