For legal operations, transformation can partly be achieved by automating manual processes, minimizing risks, enforcing and improving compliance, and gaining greater insights into business performance - all with the help of effective contract management solutions. With regulatory boards always calling for better predictability and transparency, in-house legal teams today are embracing digital contracting transformation for engineered workflows, better collaboration, tracking contractual obligations and delivering a significant impact on the business bottom line Host Guru Venkatesan is joined by Eric Schultenover, Executive Director, Enterprise Legal Solutions, Legility (a part of Consilio), a global, new law company that provides consulting, technology, managed solutions, and flexible legal services to corporations and law firms. They exchange views on enterprise legal operations, performance undersupply in legal tech, current trends in outsourcing contracting services and more.
Many procurement teams go into panic mode on a misplaced contract. From simply finding a signed contract to establishing a complex trail between MSAs and relevant SOWs, NDAs, and amendments across its lifecycle improves visibility. Connecting these further to active spends with suppliers, purchase orders, and invoices can significantly drive savings, improve cash flows, eliminate unintended risks, and transform contracts into a competitive advantage. Host Matthias Toepert is joined by Ganga Siebertz, a supply chain and procurement transformations leader with over two decades of experience working for global companies such as Whirlpool Corporation and The Coca-Cola Company. They discuss contract traceability, the combination of process design and technology implementation, and why efficiently managing contracts is not an option, but the need of the hour.
Without a cohesive process in place, organizations can be exposed to chaotic workflows, lost contracts, failed compliances, and more. To create improved efficiencies, it is important to understand the challenges of managing contracts across their lifecycle and drive performance based on seamless collaboration, standardized processes, and analytical insights. Host Guru Venkatesan is joined by Rohit Kumar, General Counsel at UPL Limited, a leading global provider of sustainable agriculture products and crop protection solutions. They exchange views on why CLM is the need for global legal teams today and how well-managed contracts can be a game changer for organizations.
For most problems businesses face today – solutions are plenty, purpose-built by innovators. The question is mostly around identifying the right transformative opportunities within and the choices one needs to make – core vs. context, now vs. later and more importantly, build vs. buy. Host Guru Venkatesan is joined by Sukumar Rajagopal, founder & CEO of Tiny Magiq, a digital transformation & behaviour transformation accelerator start-up. They discuss the importance of digital transformation in today’s technology driven world and how it presents huge opportunities to enterprises to transform their business.
From supplier management to cost reduction to risk mitigation, procurement departments face a variety of challenges - with contracts taking the lead. While contracts are still handled in timeworn ways, a lot can be done with an efficient contract lifecycle management solution. Host Guru Venkatesan is joined by Robert Waalder, Founder & Owner of Sourcing Champions, a boutique strategy consulting firm focused on global sourcing and procurement. They discuss how efficient contracting can be beneficial for solving various procurement and business challenges and why it is wise for procurement teams to adopt the right solution and use them as a competitive advantage.
The value of a contract is not just in the document, it is in how you bring that document to life with the help of people with the right subject expertise, technology to scale what you have at hand, and gaining insights that are beyond just numbers. Hosts Matthias Toepert and Guru Venkatesan are joined by Lisa Ehrsam-Nixon and Patrick Foelck - procurement leaders from Roche – a multi-billion-dollar healthcare company, headquartered in Switzerland. They discuss how well-managed contracts have the power to move the needle in organizations by accelerating contracting, tracking and measuring vendor performances, increasing leverage for negotiations, and reducing leakage.
Today, contracts are mostly viewed as a prenuptial agreement with focus on obligations, penalties and exit clauses. They primarily cover what should happen when things go wrong. Instead, contracts should be looked at like marital vows, giving all stakeholders an opportunity to adjust, change and adapt - a handbook for making it work. Host Matthias Toppert is joined by Richard Beaumont, Managing Director at Bromley Wood Associates, and ex VP of Procurement at Rolls-Royce. They discuss how different teams covering legal, procurement, commercial and contract management can align and work towards a common goal.
Join Guru Venkatesan & Matthias Toppert - co-founders of SimpliContract as they make biweekly dives into the ever-evolving world of business contracts and their impact. Listen in as they chat with industry experts with decades of experience in law, sales, procurement, and finance and bring you plausible solutions backed by real life experiences in contracts.