World’s Largest Study of Commerce and Contracting Exposes Pandemic’s Winners and Losers 1

Icertis Partners with WorldCC To Share Findings of Benchmark Report 2021 on Sept 23 Webinar

Icertis, the contract intelligence company that pushes the boundaries of what’s possible with contract lifecycle management (CLM), together with World Commerce & Contracting (WorldCC), the global leader in independent research in commercial and contract management, will host a webinar on September 23rd at 11:00 am ET to share survey findings and top trends revealed in the comprehensive Benchmark Report 2021: The Benefits of Focus – The Costs of Neglect.

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Presenters will discuss the thrivers, survivors, and victims born from wrestling with challenges posed by the global pandemic, along with insights gleaned from senior-level professionals working with contracts for buy-side, sell-side, or a mix of both, at 650 large organizations. The Report findings represent more than 300,000 practitioners, handling contracts collectively worth more than $3 trillion across every industry, spanning N. America, Europe, APAC, and other regions.

WHO: Commercial contract management, legal, procurement, sales, and other contracting professionals, as well as members of the media, are invited to attend this complimentary event and live Q&A, featuring industry evangelists and experts:

  • Bernadette Bulacan, Vice President and Lead Evangelist, Icertis
  • Tim Cummins, President, World Commerce & Contracting
  • Sally Guyer, Global CEO, World Commerce & Contracting

WHAT: The discussion will cover key themes, including the top priorities and initiatives, biggest barriers, toughest challenges, and areas of opportunity, for enterprise contract management—inspiring a new wave of enterprise reform. Presenters will dive into themes such as: organization and reporting, roles and responsibilities, measurements and performance indicators, tools and technology, and capabilities and investment, among others, and top study findings, such as:

Approximately 40% of contracts and commercial teams are under pressure to expand their role and contribution to the business, however more than half of respondents feel that operational workload continues to be a constraint.

  • 82% of respondents cite fragmentation and poor quality of data is a problem
  • Nearly half now view deploying tools and systems and implementing digital strategy as high priorities for achieving excellence.

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