Comprehensive software reviews to make better IT decisions
Coupa Set to Acquire Exari – CLM Market Consolidation Continues
Coupa, a leading source-to-pay (S2P) provider, announces planned acquisition of Exari, a leading CLM provider, for $215M in cash as contract lifecycle management (CLM) consolidation continues.
With 100+ vendors within the CLM market, Info-Tech Research Group has been predicting a consolidation wave to eventually occur to winnow out the weak players, combine niche functionality to create holistic solutions, and add CLM capabilities to the traditional procurement and spend analytic solutions in wide use today.
Contracts are the core of the vast majority of commercial transactions, and the CLM market is exploding as organizations struggle with basic contract management processes.With a total addressable market (TAM) of over $7B, the CLM market is growing rapidly.If your organization is considering a CLM solution, it is imperative to map out the scenarios for prospective vendors business roadmaps to ensure a stable, long-term solution is acquired.
Want to Know More?
When leasing IT equipment, the lessor (the company providing the equipment) has one main obligation. However, most leases overlook this critical aspect completely, exposing the lessee (the organization leasing the equipment) to unnecessary risk.
If you want to lease IT equipment, you have many options with regard to potential lessors (the leasing companies). In fact, some manufacturers lease equipment directly to their customers … or do they?
SortSpoke’s novel approach to machine learning answers a longstanding problem in financial services – how to efficiently extract critical data from inbound, unstructured documents at 100% data quality.
Check your contracts and you will find that the vast majority contain a force majeure clause. This provision states the conditions by which a party does not have to perform under the contract if it experiences an event beyond the party’s control.
Many contract reviewers and negotiators often assume that terms and conditions applicable to both parties must be identical or mirror each other. Nothing could be further from reality.
Extending a product’s desktop functionality and user experience to a mobile platform is not always a guaranteed success. Kronos is experiencing mixed reviews for its Kronos Workforce Mobile.
The global demand for contract lifecycle management (CLM) solutions is estimated to increase at a compounded annual growth rate of 14% over the next 5 years. If accurate, the total spend for CLM will more than double by 2024.