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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