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Contract Management

10 Essential Features to Look for in Your Contract Management Software

As all contract managers know, managing contracts is a highly complex task prone to errors — of omission, duplication, inconsistency, and so on. Contracts pass through various teams, and any oversights can prove costly.

Make Smart Decisions Leveraging SMART by GEP

Software can not only influence the procurement function but can also impact the whole enterprise. Now, more than ever, the behavior and activity across the organization in day-to-day purchasing are driving procurement outcomes.

10 Contract Contributions to Business Agility

When you think about business agility, especially when software and analytics are to be applied, one of the last areas you’d probably think to focus on is contract management.

Purchasing vs Procurement – What’s Really the Difference?

When does purchasing become procurement and when is procurement actually just purchasing?  Are the two terms not simply interchangeable?

We can begin with some standard definitions:

Purchase:  to obtain something by paying for it.

Procurement: the action of obtaining or procuring something.

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