Icertis to Host Webinar on Global Sourcing Agreements

Bellevue, WA, February 26, 2015 --(PR.com)-- Opportunity to Save Millions: Realizing the Savings Potential of Global Sourcing Agreements

Global sourcing is a strategy often used to consolidate spend in order to get better leverage with one’s supply base. The strategy is not just aimed at cutting costs but also about gaining consistency and reliability within supplier relationships. Realizing this savings potential, however, hinges on the adoption and enforcement of sourcing contracts in daily purchasing transactions. Typically, companies realize under 50 percent of their potential savings, with only a handful achieving more. With better process and technology enablement, organizations can ultimately realize this large amount of missed savings.

The technology implementation needs to focus on adoption and ease of use. During the buying process, global users need to have the ability to be proactively notified about potential contracts and terms. A strong contract management system consolidates contracts across the entire enterprise and integrates well with all other global systems. New technology paradigms in cloud-based systems have opened up opportunities for customers to quickly deploy, consolidate and reach across the enterprise.

Join Icertis for this insightful webinar on March 5 at 11 AM ET where they will discuss how an efficient and effective contract management system can save you millions and thereby improve the overall profitability of your organization.

The webinar will discuss the following topics:
• Challenges in not realizing the full savings potential of sourcing agreements
• Contract management initiatives that can enable adoption of global sourcing contracts
• Risk and compliance management with improved supplier collaboration
• Leveraging the cloud to enable consolidation and enterprise-wide reach

Featured Speaker:

Niranjan Umarane, Sr. Director Product Management, Icertis Inc.: In his role as Senior Director of Product Management at Icertis, Niranjan is responsible for product strategy and the management of the Microsoft Azure cloud-based Icertis Contract Management solution. Niranjan comes with a strong enterprise software pedigree and works with global businesses to help achieve operational and strategic advantages through proactive contract management solution adoption.