Study shows CLM eases risk

A report by the Aberdeen Group on contract lifecycle management (CLM) revealed 42% of corporate enterprises are being pressured to adopt CLM technology to mitigate risk, says CRM2day.

“Globalisation, rising supply risk, and increasing costs have driven organisations to place greater emphasis on establishing and managing their contractual relationships and obligations,” said Bill Browning, research analyst at Aberdeen Group.

The report revealed that 34% of companies are using CLM to facilitate regulatory and reporting requirements and that those companies realise twice as many sales and purchasing orders as the average company.

Newforma will present case studies on the benefits of electronic submittals management at the American Institute of Architects California Council 2008 California Practice Conference, and at the Build Boston tradeshow and convention, reports Marketwatch.

Newforma believes that submittals management is one of the most time- and labour-intensive areas of contract administration, and will present sessions on improving digital submittals management.

These presentations aim to show how redundancies and energy-wasting steps can be eliminated by using project information management software to manage the process.

TomoTherapy has signed a supply agreement with Novation, a healthcare contracting services company, reports IBtimes.

"By adding the TomoTherapy Hi.Art treatment system to our comprehensive radiation oncology portfolio, members will be able to purchase, under contract, the next generation of cancer treatment products," said Jenifer Axline, director of innovative technology at Novation.

Novation offers a range of advanced contracting services including contract development, contract and supplier management, custom contracting, enhanced savings programmes, online contract management and analytical tools.