This past week, two of the biggest companies in the world were slapped with lawsuits for failing to fulfill their contractual agreements. First, the state of Pennsylvania sued IBM for a botched software project, where Pennsylvania taxpayers paid IBM nearly $170 million for a project that never happened…
This article was originally published on Commitment Matters's blog on February 28, 2017 by Tim Cummins, President & CEO IACCM.
As recently as the mid-1990s, 81% of business spend was on goods. By 2015, that number had dropped to 44%. The growth of services procurement has therefore been spectacular – and the capability of business to handle this change lags far behind.
Happy March. We’re excited to launch our monthly newsletter. We'll share the latest about Sirion and leading industry articles. Issue #1 features Sirion Labs in Fast Co's 50 most innovative companies, how Vodafone manages contracts, and IAOP OWS 2017. Read on.
This article was originally published on The Shelby Group's blog on January 30, 2017
Over the past two decades, companies in all industry sectors have become increasingly dependent on outsourced services. While there are many reasons for this, a primary driver has been the need to focus on core competencies in the face of increased competition. Unfortunately, the ability to effectively manage relationships with suppliers of outsourced services has not kept pace with increased levels of spending.
On February 7th 2017, SirionLabs conducted a webinar titled "How Vodafone is Building the Future of Commercial Contract Management" in association with the lovely folks at IACCM. The webinar featured Reinhard Plaza-Bartsch, Group Head of Commercial Contract Management at Vodafone, as a guest speaker along with Tim Cummins, CEO of IACCM and Ajay Agrawal, CEO at SirionLabs. You can watch the webinar, access the slides, then scroll down for some of the questions we were asked near the end.
Going to the IAOP conference? Well, so are we. We’ll be there for the whole shebang - February 19th to 22nd showing off our intelligent contract management platform - Sirion. We’d love it if you stopped by and said hello.
Globalization continues to flatten the world. This time, in the area of financial reporting.
In order to promote transparency, safeguard shareholders’ interests, and enable a meaningful comparative analysis of business performance, organizations are required to report their financial data in a particular manner – as defined by the applicable accounting and financial reporting standards.
SirionLabs conducted this webinar on 6th December 2016. The title of the webinar is ‘Outsourcing Governance: What’s Buzzing and What’s Missing’ and it features John Dreyer, President and CEO, The Shelby Group and Claude Marais, Co-founder & President, SirionLabs. So what’s this webinar about? Here is a quick summary.
Measuring performance of procured goods is easy, it is tactical, it is transactional. Goods are exchangeable and returnable. For example, if you are a big box pharmaceutical company and decided to upgrade to ergonomic chairs for employees, you put out an RFP, select a vendor and procure hundreds of chairs. Down the road, a few chairs were reported to be sub-quality—a vendor manager in the procurement team calls the vendor and requests a refund or an exchange based on the agreed contract. Easy.
Topics: Supplier Governance
It was the end of an eventful day at the Nasscom Product Conclave (NPC) in Bangalore, and time for me to retire back to my hotel room. So we (I was with my colleague Prakash Nagaraju, VP of Global Implementation at SirionLabs) walked to the ground floor elevator lobby at the magnificent Taj Vivanta hotel. As we stood there chatting and waiting for the elevator to reach us, we saw Mr. Shiv Khera, the world renowned motivational speaker, author, business consultant (and many other successful avatars). He was headed in our direction - of course for the same reason we were there, the elevator. As he stood next to us, we greeted him and………actually, before we go any further, let me step back and give you a quick walk through of what the NPC event is all about and what was SirionLabs doing there.