We report a year of strong performance, with total revenue increasing by 17% over the prior year, driven by membership, learning and development, and conferences. This growth supported a fourfold increase in retained earnings.
A major focus of the report is on collaborations and strategic initiatives. Together with the National Contract Management Association (NCMA), we established the Commerce & Contract Management Institute (CCM Institute), a jointly owned research entity dedicated to raising global standards in commerce and contracting. This partnership also delivered the latest version of the Contract Management Standard, a framework designed to improve efficiency and compliance worldwide.
In professional development, the report details the launch of a refreshed CCM Certification Program in July 2024, designed to better equip professionals for a changing sector. It also introduces Ask Tim, our new AI-powered tool that gives members access to 25 years of curated knowledge — reflecting our goal of using AI to strengthen professional roles and impact.
Finally, we acknowledge recognition received in 2024, including the Gold Award for International Association of the Year and the Silver Award for Best New Event for AI Contracting Week.
2024 was a year of growth, innovation, and recognition for WorldCC and our global community. Download the full report today and see how we’re shaping the future of commercial and contract management!