As market conditions become increasingly volatile and unpredictable, the ability to move fast and rapidly implement change and innovation has taken on a new urgency. Effective controls must be matched by greater speed – bringing agility to the forefront of functional capability. In the 2023 Global Report on the State of Agility in Procurement & Supply, 88% of respondents in executive management functions agreed that adopting agile procurement is a strategic imperative. In the same study, it ranks the priority of commercial operations. It’s no surprise that the digitalization of both procurement and sales is the number one priority in procurement and supply. Continue reading “Strengthening Your Supply Chain: Optimizing Vendor Relationships for Strategic Procurement”
Malbek’s Transformative Impact on Recruitics: A Success Story
We were able to sit down with the Senior VP of Operations at Recruitics, Jeff Peduto, to talk about what Malbek’s CLM software has done for him, his department, and most importantly, for Recruitics as a whole. Here we talk about some of their pain points, how Malbek addressed them, and increased efficiencies across the board. Continue reading “Malbek’s Transformative Impact on Recruitics: A Success Story”
The Link Between NDAs and Your Company’s Growth
Have you noticed an increase in Non-Disclosure Agreements (NDAs) volume at your company?
These legally binding documents help safeguard valuable information by providing mechanisms for sharing and protecting confidential information. In fact, according to HBR researchers, over one-third of the U.S. workforce is now bound by an NDA. Malbek’s CLM software, Contrax, allows you to track agreements and revenue while uncovering actionable trends using our software’s data. If your company notices a significant increase in demand for these documents, consider this a great indicator that your business is growing.
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Contract Lifecycle Management Data is Bringing Sexy Back
We generate insights and integrate data into our everyday lives both knowingly and unwittingly. From DNA tests, targeted ads, programmatic media buying, wearable devices (think FITBITs, tech togs, yoga tights, UV patches, smart watches, the OURA ring), to sharing geolocations and our whereabouts on maps.
In the information and digital age, we each leave a potentially insightful sprinkle of data everywhere we go. As do contracts on a contract lifecycle management (“CLM”) system such as Malbek.
Continue reading “Contract Lifecycle Management Data is Bringing Sexy Back”
What Contract Metrics Can Say About Your Organization
There was a time not that long ago when contracts where simply an instrument of agreement between two or more parties and lived happily in a shared folder without any visibility; but that is no longer the case today. Contracts sit at the heart of business. Continue reading “What Contract Metrics Can Say About Your Organization”
Survey Says: How Does Your Company View Contracts?
Have you ever really considered the role contracts play in your company? Do you see them as a valuable resource that you continue to pay attention to? Continue reading “Survey Says: How Does Your Company View Contracts?”