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 majorRead More
Increasingly contracts form the very heart of commercial relationships and therein can lie their success or failure. Symfact’s success in Contract Lifecycle Management (CLM)has extended to also address enterprise Governance, Risk and Compliance (GRC) requirements.
Symfact senior management has over 130 man-years of domain specific experience, an amount quite probably unique in the industry. Please join us here and participate in this blog to share knowledge and further advance our common goal of optimal business results and minimised Risk within fully visible and auditable Compliance and Governance standards.
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 furtherRead More
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 theRead More
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 theyRead More
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)Read More