Challenges and technology trends of Contract Management: An overview

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Contract management has rapidly evolved into a critical business function, yet many organizations still face significant challenges in managing contracts effectively. As organizations strive to implement better Contract Lifecycle Management (CLM) solutions, a combination of fragmented processes, low visibility, and stakeholder alignment issues continues to hinder progress.  At the same time, new trends in technology—especially […]

NCMA and WorldCC global standards for Contract Management

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The world of contract management is evolving rapidly, and earlier this month (September 2024) we have been witnessing an exciting milestone. The National Contract Management Association (NCMA) and the World Commerce & Contracting (WorldCC) have come together to collaborate on developing a globally accessible standard for contract management. This unprecedented partnership aims to set a […]

Business Process Management (BPM) – how to get started

What is Business Process Management?  Business Process Management is a structured approach to improving existing or implementing new business processes. It is a step-by-step process used to discover, design, analyze, improve and optimize business processes.   The 5 stages of Business Process Management There are 5 steps in business process management: Stage 1: Design  Stage 2: […]

DORA and ISO 27001: Paving the way for regulatory compliance

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Simplifying DORA compliance with ISO 27001: Executive summary ISO 27001 provides a sound foundation for complying to DORA regulations. But achieving full DORA compliance requires several additional more rigid measures beyond what the flexible ISO 27001 standard covers including a comprehensive analysis in the specific organization of whether there are. DORA-specific requirements not directly addressed […]