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Contract Lifecycle Management Success Starts with Readiness

Managing 40,000 contracts on average is no small feat, especially when each agreement ties directly to supplier relationships, compliance obligations, and deal velocity. In fact, research shows that the average business loses nearly 9% of its value annually due to poor contract management. For one Fortune 500 food and beverage leader, contracts were the backbone of a $60B business operation across 300+ distribution centers.

But when their first attempt at Contract Lifecycle Management (CLM) fell flat, the consequences rippled across the organization. Hundreds of Icertis Contract Intelligence (ICI) licenses went unused, a Master Service Agreement (MSA) was overloaded with 250+ attributes, slowing adoption, and integrations with SFDC and OpenText broke down, leaving critical data trapped in silos. Instead of reducing risk, inefficiency grew and frustration mounted.

That’s when the company partnered with CloudMoyo to take a step back and start where true transformation begins – CLM readiness. Through a focused discovery process, our team uncovered where the implementation had gone wrong and reimagined the approach with usability at its core.

Want to know how CloudMoyo turned a failed CLM investment into a foundation for long-term value?

Download the full case study!

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Blogs

Making the most out of your contract management system with contract intelligence

Digital transformations are sweeping through businesses and industries today. 62% of respondents to the 2018 Gartner CEO and Senior Business Executive Survey indicated that they are working on initiatives to digitalize their business. This momentum is impacting processes and workflows across industries and roles as companies look for ways to support smart business decision-making through actionable insights. […]

Read more August 08, 2019
Industry perspective

Big Data and The Cloud: A Match Made in Heaven

Big data and cloud are two of the most disruptive technologies to hit enterprise computing since the internet itself. Together, they can change the way companies compete, as well as the future of enterprise computing. Download the whitepaper to learn more.  

Read more June 26, 2019
Industry perspective

Avoid these common pitfalls while implementing a data quality strategy

Data quality is an asset to build a knowledge base. Organizations use it to perform a variety of critical data quality tasks, including correction, enrichment, standardization and de-duplication of your data. For building business intelligence and analytics environments, it’s imperative to maintain high data integrity. Your business intelligence implementation partner requires strong data to help […]

Read more June 26, 2019
Industry perspective

Advanced Analytics with Power BI

An enterprise contains a large amount of data that has the power to deliver actionable insights that can be leveraged to gain competitive advantages. Data is the driver factor; it makes you capable of uncovering breakthroughs and address new business challenges. Managing mountains of data can be challenging. To truly leverage it requires knowledge of […]

Read more June 01, 2019
Industry perspective

Quickstart your AI journey A Beginner’s Guide

The world is talking about artificial intelligence (AI). AI has infinite potential to renovate your business and boost its growth and success. However, implementing AI isn’t an easy task. You may face some challenges while implementing AI. So, how do you start with AI? Before gearing up to implement AI, ask yourself these questions: Do you […]

Read more May 15, 2019
Industry perspective

Azure Data Lake: A Deep Dive

According to a recent survey conducted by Aberdeen Research, the average company is experiencing over 50% growth in data volume every year. Additionally, companies are on an average using 33 disparate sources of data for their various analytical use cases. With the increasing volume and complexity of data, there is increasing pressure on CIOs to […]

Read more April 14, 2019
Blogs

An introduction to how big data and analytics are improving the transportation industry

Big data and analytics have been creating a buzz for some time now. They may sound fancy and technical, but the idea behind how they work is not that difficult to grasp. In fact, they are not esoteric concepts that only experts can benefit from, as they have enormous applications in various transportation fields, including […]

Read more April 11, 2019
Blogs

AI in Power BI: New artificial intelligence-enabled Power BI features

Organizations everywhere are experiencing an explosion of data. It is increasingly important to have a fast, secure, and easy-to-use analytics solution. Thanks to advances in cognitive computing and AI, companies can now use sophisticated algorithms to gain insights into consumer behavior, use the real-time insights to identify trends and make informed decisions that give them […]

Read more March 24, 2019
Blogs

10 advanced analytics features in Power BI that you should know

An organization is filled up with tons and tons of data. Emerging technologies have changed the way to deal with the available information, brought in new ways to determine and understand business trends. The availability of information brings not only opportunities but also challenges. Advanced Analytics is the autonomous or semi-autonomous examination of data or content […]

Read more February 08, 2019
Blogs

Implementing Power BI? Discover the 5 key benefits that Microsoft Power BI offers

Power BI is a business analytics solution helping users to visualize data, create stunning dashboards, and embed them in any application. Its availability over a cloud platform means that it can be used without any capital expenditure or infrastructure support. It is free from legacy software constraints and is easy to start with. The most […]

Read more January 21, 2019
Blogs

Top 10 artificial intelligence problems you should know

Artificial Intelligence (AI) is the toast of every technology driven company. Integration of AI gives a business a massive amount of transformation opportunities to leverage the value chain. Adopting and integrating AI technologies is a roller-coaster ride no matter how business-friendly it may sound. A Deloitte report says, around 94% of the enterprises face potential Artificial Intelligence […]

Read more November 27, 2018
Blogs

5 myths about data quality that could derail your analytics project

Data quality is crucial to any successful Business Intelligence project. Poor data leads to poor reporting and decisions making capabilities. Data quality is a common issue in Business Intelligence as most of can identify and acknowledge. But, how do we define data quality? Do you know some of the major characteristics that make up data […]

Read more September 28, 2018