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Implementing a Contract Lifecycle Management System Is Like Building a House Part 3

Implementing a Contract Lifecycle Management System Is Like Building a House Part 3: Moving In versus Going Live In this third and final part we bring the Design Specifications to life: it is where the rubber hits driveway and how your users will use the delivered Contract Management System to access all of the contract data. After defining the major…

Implementing a Contract Lifecycle Management System Is Like Building a House Part 2

Implementing a Contract Lifecycle Management System Is Like Building a House Part 2: Finishes versus Design Specifications In Part 1 of this series we looked at the parallels between building a house and building a Contract Lifecycle Management (CLM) system and the determination of what your organization’s major design requirements are for your ‘to-be’ system. In this Part we further…

Implementing a Contract Lifecycle Management System Is Like Building a House

Implementing a Contract Lifecycle Management System Is Like Building a House Introduction Just like building a house that is specific to your family’s needs, when you begin planning to implement a contract management system you need to assemble your organization’s specifics needs. When building a house you need to assemble your requirements to establish possible neighborhoods, size, location of the…

IFRS15 will apply from the 1st of January 2018

IFRS15 will apply from January 1, 2018. Will your processes and contract management platforms be ready?   In July 2015 the International Accounting Standards Board (IASB) confirmed a one-year deferral of the effective date of the revenue Standard, IFRS 15 Revenue from Contracts with Customers, to 1 January, 2018. Companies have the option to apply the Standard earlier if they…

Panama Papers

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April 26th, 2016 The Panama Papers: Where Contract Management Meets Third-Party Integrity The initial storms fermented by the coordinated press announcements around the release of the Panama Papers are perhaps calming. However this is by no means the end of the story. The vast leakage of data from Mossack Fonseca (11.5 million confidential documents involving more than 214,000 offshore companies)…