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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. Icertis Contract Intelligence (ICI) platform went unused, a Master Service Agreement (MSA) model design was overly complex, 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

Are you unlocking the hidden value of your big data?

More and more organizations are coming to understand that there are valuable insights hidden in the data which they generate during the course of their work that could transform their business operations. The science of data analysis is growing fast around the world, and it’s becoming more and more predictive in the way that it’s […]

Read more October 04, 2016
Blogs

How can data analytics empower B2B sales in the pharma industry?

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Read more September 21, 2016
Blogs

How to run a successful big data Proof of Concept (PoC)

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Read more September 07, 2016
Blogs

How CloudMoyo helped a retail store chain use big data to predict revenues

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Read more August 24, 2016
Blogs

Sources of big data: Where does it come from?

Over the last five years, there has been a growing understanding of the role that Big Data can play in delivering priceless insights to an organization, revealing strengths and weaknesses and empowering companies to improve their practices. Big data has no agenda, is non-judgmental and non-partisan – it simply reveals a snapshot of activity. Yet […]

Read more August 18, 2016
Blogs

Is Big Data as a Service the hottest trend in cloud right now?

Once in a while, a technology comes along that is so disruptive and so unique that it often takes a few years before applications to make the most effective use of that technology are sufficiently developed. So it is with the advent of cloud computing and its application as a service to analyze big data. […]

Read more August 02, 2016
Blogs

Optimizing health insurance claims processing through data analytics

Traditionally, the claims processing center is an insurance payer’s largest administrative expense. Often, it’s also the most procedurally and technologically encumbered functional area. With economic and regulatory pressures escalating, insurers need solutions that drive the time and cost out of claims processing. Leading payers know they cannot wait for years-long IT projects to deliver the […]

Read more July 16, 2016
Blogs

Real-World Evidence (RWE) – Enhanced insights for pharma, payers, and patients

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Read more June 22, 2016
Blogs

Compliant healthcare in the cloud – Leveraging the Microsoft Azure platform

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Read more June 10, 2016
Blogs

Microsoft Azure – A review of the cloud platform

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Read more March 12, 2016