Contract management in dark ages

Despite the activity in the Australian ICT sector, a contract lifecycle management expert claims Australian organisations are still operating in the dark ages when it comes to managing contracts effectively, states CIO.

Open Windows CEO, Adam McInnes, said fundamental flaws still exist in contract management which is why cost over-runs are still a part of IT project delivery.

McInnes said the inability of the customer to make vendors accountable for cost over-runs and scope creep has meant the mistakes of the past are being repeated over and over.

A major pharmaceutical company has extended its subscription agreement with I-many, says CNNMoney.com.

The agreement is for the use of I-many CARS NG, I-many Medicaid Rebates and I-many Government Pricing.

It was extended an additional three years and is valued in the mid-six figures.

Gartner has positioned Emptoris, a provider of contract management software, in a research report titled, "Magic Quadrant For Sourcing Application Suites, 2008", reports sys.con.

Emptoris is positioned in the leaders quadrant of this report. The report evaluates leading software providers based on their "ability to execute" and "completeness of vision".

The report evaluated nine vendors of sourcing application suites.