NCMA and WorldCC global standards for Contract Management

Contractus production banner image 14

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 […]

Challenges and emergning technology trends in Contract Management: A comprehensive overview

Contractus production banner image 8

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 […]

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:  Stage 1: Design  Stage 2: Modeling  Stage 3: Execution  Stage 4: Monitoring  Stage […]