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: […]

Making your IT contracts more attractive!

sådan gør du dine IT-kontrakter mere attraktive

Are your IT/Tech contracts designed to fail or to create success? The difference may lie in whether the contract addresses the essential issues crucial for a productive and rewarding collaboration. In the article “Have we designed our contracts to fail?” it is emphasized how commercial success can be enhanced by focusing on the 10 most […]

Have we designed our contracts to fail?

Har vi designet vores kontrakter til at fejle

Over the past 20 years, WorldCC has conducted annual surveys on the “Most Negotiated Terms,” posing the following two questions to its members: What terms do you spend the most time negotiating before the contract is signed? What terms do you spend the most time disputing after the contract is signed? In 2020, the survey […]