Why venture capital should embrace contract management
“Nobody can do it alone” is one of my favorite quotes when it comes to describing the state of business today. We are all working in an environment where trends like hyper-specialization, the increasing speed of innovation and the growing pressure from legislation force companies to focus even more on their core business than before. Due to the increase of (specialized) suppliers taking care of (parts of) business processes, this leads to complex ecosystems where companies rely on each other in global supply chains. Something venture capital companies should take into account.
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The real power of an ecosystem
A few years ago I was engaged by APG in the Netherlands to help them create something that was then known as the Smart Services Hub. A brilliant idea where government (the province of Limburg), business (APG, the world’s largest pension provider) and Maastricht University joint efforts to create an ecosystem of technology in the smart services. Rather quickly Accenture and Conclusion where excited to join this initiative and a next Brightlands Campus was born. The reason I am writing this blog today is because I want to share some key takeaways from this journey.
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Becoming the client of choice
As many know, I am a status quo challenger when it comes to workforce optimisation. Looking at the future of work, I firmly believe that talent will remain a scarce commodity the next few years. This makes it important to do good vendor management. How do you behave towards your suppliers, How do you treat their staff?
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The sum of all contracts
Running any large enterprise comes with its challenges. And one of the big challenges is that you simply do not know everything; that you simple cannot control it all. If you want to stay ahead of the pack, you should think on creating value for others. Especially if you want to create value for yourself.
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Contract Management 2.0: why AI and RPA will boost outsourcing results
The world is changing in a fast pace due to the overwhelming developments in technology and operational models. Just like any market, also contract management is subject to the influences of digital transformation. Technologies like artificial intelligence and robotic process automation are slowly entering the contract management market. How will contract automation impact contract management? Technology evangelist Arjen van Berkum wrote an interesting article on these topics. We are happy to share his vision with our readers.
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