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Contract Management—Get Lean for 2018!

Blog: Capgemini CTO Blog

Happy 2018! I hope you had a chance to relax and perhaps indulge. But after a period of heavy eating (and perhaps drinking!) we all need to return to a sense of normality and a little balance. So, too, in the world of contract management.

In 2017 we all got fat on hearing about all sorts of contract management technology that could change our lives, replace lawyers, solve GDPR with a single click and ensure all of our chains contained the right blocks. Blockchain, automation, robot monkeys, machine learning and artificial intelligence (spot the difference!) were some of the biggest buzzwords of 2017. The more we heard them, the more we indulged, becoming carried away by the hype, until we became too bloated and full for the simple message behind the technology to sink in.

But now that we’re all back to work and eating healthy again (or at least rationalizing our eating because we’re hitting our steps), we have real targets and should get back to looking at legal processes and commercial management with clear eyes and a simpler sense of reality.

So here are three tips for getting lean in 2018 on contract and commercial management.

Let’s get this right from the start. In 2018, the buzzwords will still be there, but if you stick to a simple diet about what technology can do for your organization, you’ll be able to adopt the right process and approach for a successful transformation.

Who knows, in another six months we’ll all be talking about “cognitive orchestration”—whatever that is.

To learn more about how Capgemini can help you choose the right contract management tools for your business and diet through the buzzwords and hype in 2018, contact:

Click here to learn more about how Capgemini’s Contract Compliance & Optimization (CCO) solution provides a broader and deeper solution to your compliance, cost reduction and spend protection goals, from an often-overlooked area – the written contract.

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