Contract management

Top Five Tips for Successfully Transforming Contract Management

Leave a Comment / Thought Leadership / By iGenerate Digital

The COVID-19 pandemic has irreversibly changed businesses in almost every way possible, continually disrupting how businesses respond to emerging risks and opportunities. Organisations of every size, and in every sector, have learned that rapid access to supplier and vendor contract data is key for transparency and agility, in order to respond to an array of …

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2021 Has Put The Spotlight On Supply And Contract Management (And It Doesn’t Look Good)

Leave a Comment / Thought Leadership / By Ben Shute

Nothing is more pressing right now than getting a handle on your supply & contract management. Given that supply & contract management is such a fundamental part of any business, this might seem a ludicrous statement; surely everyone has sorted out their supply & contract management hygiene by now? Short answer: no, they haven’t. It doesn’t matter whether we’re talking about …

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Would you rather be a gearbox or a cog?

Leave a Comment / Thought Leadership / By iGenerate Digital

It often takes a crisis to better understand the value of things or people that were previously seen as minor or peripheral. It has rather been that way with contracts and contract management – until now viewed by most people as necessary, but not central to the operations of the business. COVID-19 has demonstrated the …

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Contract Management: Seven Challenges To Better Practice

Leave a Comment / Thought Leadership / By iGenerate Digital

Contract managers right across Australia face difficulties in getting the most from their suppliers. How can we set up our contractual relationships so that the supplier will go the extra mile? Look no further than how we manage our staff and you get an idea of what better practice looks like. Here is a list …

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Process Effectiveness versus Process Efficiency

Leave a Comment / Thought Leadership / By iGenerate Digital

In the procurement-focused world in which we live, we can often be caught following a process, be that in a sourcing or contract management environment, without necessarily questioning either its efficiency or effectiveness. So, when we are reviewing a procurement process, should we first review its efficiency or effectiveness before implementing it within our organisation? …

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Contract Management – What Are The Most Important Practices?

Leave a Comment / Thought Leadership / By PASA

Many procurement professionals despair of their organisation’s approach to contract management. It’s not uncommon for employees to have contracts lurking on spreadsheets or buried deep within email exchanges. Not only is this risky and highly inefficient, but it means that a lot of important information gets lost. In some cases, poor contract management is due …

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The Most Important New Law For Procurement Since The MSA – The Payment Times Reporting Act

Leave a Comment / Thought Leadership / By Jonathan Dutton

The new Payment Times Reporting Bill is law in Australia from 1st January – it is set to revolutionise how large firms pay small ones – or else. Following a recent PASA CONNECT Roundtable featuring KPMG partner and expert, Vince Dimasi, host Jonathan Dutton explains the key facets of the new Act …. The new …

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4 Ways To Optimise Your Indirect Spend

Leave a Comment / Thought Leadership / By iGenerate Digital

Procurement priorities may come and go in response to changing customer demands, evolving technology, an increased focus on CSR, or unpredictable supply chain disruptions. But cost reduction is a critical concern under any circumstances, and the chaotic events of 2020 have only served to increase the pressure on procurement to reduce their organisations’ spend. While …

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How E-Invoicing Works And Why It’s Essential For Business Survival

Leave a Comment / Thought Leadership, Uncategorized / By MessageXchange

To help the Australian economy recover faster from the impact of COVID-19, the federal government has highlighted key areas for improvement and developed new mandates so both government agencies and suppliers can evolve and reap the benefits of digital transformation. One of the most impactful of these is the mandate that electronic invoicing (e-invoicing) must …

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