Ecteon Sponsors 2017 International Association of Contract and Commercial Management America’s Conference

Pioneering contract management software company heads to Toronto, Canada in October to educate professionals about the positive impacts of enterprise-wide CLMs

NEW YORK – September 26, 2017Ecteon, the industry’s premier contract management software company, is a key sponsor of the International Association for Contract and Commercial Management (IACCM) America’s Conference again this year. In October, Ecteon will join other leading contracting professionals and companies in discussing recent advancements in contracting technology and practice under the conference theme “Becoming a ‘Commercial Powerhouse’: Outsight, Innovation & Smart Contracting”.

The conference will take place October 11-13 and will bring together individuals from among IACCM’s 40,000 members across 165 countries and nearly 17,000 corporations. The conference gathers leading organizations and professionals who are committed to achieving world-class standards in their contracting and relationship management process and skills.

“Ecteon is excited to be a designated supporter of IACCM for our second year in a row,” said COO Ralph Mayes. “Participating in this event allows us to connect with other contracting professionals and understand their pain points, which allows us to continuously evolve our software to meet real-world challenges—it’s a win-win for our customers, prospects and the company as a whole.”

Ecteon’s customer Tom Ogoreuc, associate general counsel for the University of Pittsburgh is a featured speaker at the conference. He will share his story of how Contraxx helped the institution overcome their contract management challenges and discusses their successful adoption across multiple schools and departments.

To learn more about the IACCM conference, or to register, visit http://www2.iaccm.com/americas/.

About Ecteon, Inc.

Celebrating more than 30 years in business, Ecteon is more than great technology; Ecteon is a great business partner. Our contract management software, called Contraxx, is the premier CLM solution for companies with complex contracting requirements. Contraxx is a best-in-class CLM solution that easily integrates and powers the enterprise with a full-functional breadth that evolves with business change. Customer-proven to effectively and reliably manage the entire contract lifecycle, Ecteon has long-term, stable partnerships with referenceable customers across a wide range of vertical markets and industries. For more information, visit www.ecteon.com or follow us on LinkedIn.

Webinar: Creating an Innovation Model for Dekra Group Companies

Ecteon recently partnered with IACCM to host a webinar in May 2017 that shared the success story of customer BST-Dekra Group focused on incremental innovation in Contract Management implementation.

Attendees learned: 

  • How BST/DEKRA approached a new CLM change
  • BST/DEKRA’s results to-date, as they gradually expanded over several years 
  • How BST/DEKRA managed the adoption throughout multiple organizations and corporate groups
  • The positive impact of global corporate adoption now in its future
  • How they can build a long-term vision and roadmap to enhance CLM adoption within their own business enterprise

Presenters included: 

  • Tim Cummins, President and CEO of IACCM
  • Joannie Morgan, BST/DEKRA Director of Legal Operations
  • Cathy Fracasse, Senior Implementation Manager at Ecteon

Download & listen to the full webinar here: https://vimeo.com/221749268 

Reflections from IACCM 2016

We’d like to take a moment to share the “takeaways” we learned as an exhibitor at the 2016 International Association for Contract and Commercial Management (IACCM) Conference in San Diego this past month.

We thought it was time to share our industry learnings and insights with our visitors because we believe in the power of continuous learning and development. We also figured that you, our current and future customers, may find value in knowing what we learned and how it can help your business as you seek our next generation contract management system (CMS).

The following themes emerged throughout the conference:

People are Ready for Next Generation Software

Earlier this fall, the 2016 Nobel Prize in Economics was awarded to two economists for their contributions in the field of “Contract Theory.” Oliver Hart and Bengt Holmstrom were recognized for creating frameworks to write contracts—improving both the design of contracts and shedding light on how contracts help us deal with conflicting interests.

We believe this recent spotlight on contract management was a large motivator for guests at this year’s IACCM Conference—who transitioned from just talking about contract management to actively seeking out solutions. Attendees were optimistic about the future of contract management after hearing many presenters, including our own client Kunal Dharia of Blue Shield of California (BSCA), who spoke about their company’s transition to our product Contraxx.

More Than Ever, Businesses are Collaborative and Transparent

Thought leaders in the industry were very open to talking about their contract management challenges and hearing from presenters about how they were able to solve them. Attendees saw the possibilities of a more intuitive and efficient contract management system and learned about the benefits of transitioning to a sophisticated system.

From Ecteon’s perspective this year’s attendees were ready to talk about the next step in contract management. Previously, people in the industry would generally talk only about the concepts of workflow and knowledge management—it seems now that people are taking action to change their current CMS processes.

Template Harmonization is a Trending Buzzword

“Template harmonization” was a big buzzword at the IACCM conference. Template harmonization happens when one change is made in one document and causes all similar documents to update with the new edits—thus creating “harmony” amongst various contracts. With more advanced technologies and systems available, managers don’t have to manually update hundreds of documents anymore—changes can be made simultaneously and quickly.

Senior Level Support is Catching Fire

The Nobel Prize news caught the attention of many senior-level decision makers in Fortune 500 and 1000 companies. By bringing a very internal process into the spotlight, C-Suite professionals realized just how critical contracts are to the entire company from a cost, efficiency and operations perspective. No longer are contracts thought of as paper records kept in the file cabinet—they are an integral part of a company’s overall operations. That realization and support from higher up management is helping contract managers take the steps to invest in next generation software.

We are excited to continue our involvement with IACCM, recently co-facilitating a webinar on November 15. The webinar “Transforming the way we think about contracting” shared BSCA’s experience achieving 100 percent automation in the creation of member facing documents.

Click here to download the webinar recording: https://www.sendspace.com/file/vtx2hr