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Subject: File Transmission ContractManagementArticle
"Sign and Deliver" by Kym Gilhooly Computer World Auguat 15 2005 Page 21, 24 Vol 39 no 33 Toyota saved 14 million dollars since 1997 with their buy-side system. The biggest improvement was tracking maintenance agreements with automatic rollover clauses. This enabled Toyota to ensure that those which were not working for the business were cancelled at the agreed upon time. 60 to 80% of business-to-business deals are predicated on "some kind of contract." Contract Management important for Sarbanes-Oxley act compliance. It mentioned as vendors, DiCarta, I-Many, Upside Software, Inc. Contract Management Solutions, Inc. (now part of Procuri, Inc.) The following have implemented some sort of electronic contracting system 45% of supply-side executives 45% of buy-side executives 54% of sales organizatons 38% of procurement departments 91% of multinational comrporations 65% of respondents used their own software. 38% of those using commercial systems had to perform "extensive modifications."
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