As an organization endeavoring to keep up with the latest technological trends, it’s imperative that you put contracts at the top of the queue as they are the lifeblood of all organizational processes. Seal and Coupa offer a powerful yet intuitive platform that grows as your business grows and deliver your organization actionable analytics for your contracts. Download the datasheet and know more about the benefits of implementing Seal along with Coupa.
Incomplete information in any solution you provide, whether it’s a Contract Lifecycle Management (CLM), Client Relationship Management (CRM), Supplier Relationship Management (SRM), Enterprise Resource Planning (ERP), or other enterprise system, hinders your ability to offer your customers the return on investment they seek.
Effective procurement and sourcing can have a dramatic and positive effect on any organization. By driving spend under management, managing supplier performance and working to your contracts, businesses benefit from far tighter controls.
The recent headlines have been dominated by the collapse of significant Financial Institutions. The traditional or shall we say archaic way of managing Derivative agreements, addendums and reference data within no longer represents the complexity and granularity needed.
Incomplete contractual information in Salesforce - the customer contract and all its terms, conditions, clauses, obligations and milestones - can hinder your ability to profitably service your customers.
Companies that have answered the foundational contract management questions such as “How many contracts do I have?” and “Can I easily and quickly locate specific contracts?” are struggling to quickly and cost-effectively answer more complex and specific business questions around their contractual liabilities and opportunities, for example:
In 2013, IACCM interviewed executives from 50 of the world’s largest corporations. The IACCM Annual Contract management survey found that many organizations’ contract management function has been relatively immune to decreased spending across business units within the enterprise.
Organizations struggle to locate all the contracts across the enterprise and to gain insight into the unstructured content their contracts contain. This is largely due to the cost and time prohibitive nature of the purely and painstakingly manual approaches to the problem, which have made even foundational contract management questions difficult to answer not to mention the more complex questions businesses face daily. For example:
Business processes are defined by their efficiency. An organization's productivity is bottlenecked when contractual information is seemingly inaccessible. Is thorough and timely contractual visibility a reality within your organization? How familiar are these obstacles?
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