Despite the threat to attorneys by the automated contract process, today's increasingly competitive global marketplace is ripe for automation to support contract life cycle or Enterprise Contract Management (ECM) in complex transactions. So says the president/CEO of the International Association for Contract and Commercial Management (IACCM), the co-sponsor of this book. Introducing ECM solutions as a recent addition to technology solutions, Saxena (CPM) contributes to the slim literature on this topic with a review of ECM implementation models (e.g., Six Sigma approaches) and compliance with such regulatory requirements as the Sarbanes-Oxley Act. A helpful summary of such regulations is appended, and an auxiliary Web resource is available. Annotation ©2008 Book News, Inc., Portland, OR (booknews.com)
Read More
Globalization, increased economic and geopolitical uncertainty, technological advancements, and a rise in the number of regulations and legislations have led to a significant rise in the importance, volume, and complexity of modern contractual agreements. Yet, in spite of these profound changes, many organizations still manage the contracting process in a fragmented, manual, and ad-hoc manner, resulting in poor contract visibility, ineffective monitoring and management of contract compliance, and inadequate analysis of contract performance. The net effect of this has been a heightened interest in re-engineering and automation of Enterprise Contract Management (ECM) processes across industry sectors and geographies. Enterprise Contract Management: A Practical Guide to Successfully Implementing an ECM Solution addresses all the questions surrounding ECM, ECM solutions, and the project management, change management, and risk management considerations to ensure its successful implementation. This concise text will help your organization manage the challenges of the contract life cycle and the key success factors and pitfalls in a typical ECM solution. It is a must read for corporate executives, buyers, procurement and strategic sourcing specialists, contract administrators and procurement managers. There is currently no other book available on ECM solutions. All existing books on contract management focus on the legal aspects of contracts, but none describe the functions, features, and capabilities of technology solutions that support ECM, nor do they explain the key considerations for ensuring a successful ECM solution implementation.
Read Less