TECHNOLOGY
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Workday ( using its SCM suite to help manage employment contracts ) and Adobe ( utilising Adobe Sign and Acrobat Reader ). “ A contract is the central piece to everything you do in business and needs to be accessible ,” maintains Bodas . “ We ’ re like Switzerland , we want to integrate with everything around us !”
Integration is key for Icertis and Bodas champions the value of contract management for sourcing and procurement . “ The most important thing our system is able to do is , in addition to containing or lowering cost , is to lower risk and ensure compliance . The challenge in supply chains , or any kind of sourcing , is how you keep abreast of regulatory change and internal policy change . This is critical with Brexit on the horizon …” he warns . “ What actually happens to contracts when the law governing them changes ? Do you re-write them ? Do you amend them ? By digitising we become a sentry for our customers .”
Historically there are four core systems of record in organisations - CRM for customers , SRM for suppliers , a third for employees and a fourth for transactions to detail commercial developments . Bodas believes Icertis is at the forefront of a sea-change ; “ Never before have we had a system of record across a company which details all your commitments , entitlements and obligations . Until now it ’ s been distributed in various silos . We
JANUARY 2019