The AI revolution is here for commercial and contract management. Tired of tedious tasks and missed opportunities? This report, including insights from WorldCC and two related studies, reveals how AI is transforming contract management from a transactional necessity to a strategic advantage. Imagine AI handling complex analytics, ensuring dynamic compliance, personalizing contracts at scale, and providing predictive insights. It's time for contract managers to step into a new era of efficiency, innovation, and strategic value. With only 8% of organizations currently leveraging integrated contract management, the AI opportunity is massive.

Your contracts are a goldmine you're likely underutilizing. With organizations losing an average of 8.6% of contract value, the opportunity for strategic contract management is massive. Discover how AI-powered solutions, like the Agentic Architecture, are finally making this shift a reality, unlocking hidden value and new revenue streams.

Market volatility, regulatory controls, supply disruption, shifting business priorities – the numerous pressures driving contracting complexity show no signs of diminishing. An environment of continuous change demands fresh thinking and new approaches, including an appreciation of the impact of Artificial Intelligence (AI). This report offers the insights you need to take back control and equip your organization for the future.

Over 90% of executives understand the need for better commercial and contract management; however, progress is uneven. Skills gaps widen as leaders race ahead and laggards stall. The transition to a digital economy creates a need for innovation in commercial policies and contracting practices, which can only be fulfilled through a professional workforce. Earn the CCM Certifications, which set the global standard for this professional capability. CCM is fast becoming a globally recognized discipline and is poised for rapid growth within both the public and private sectors.

In a 2023 report, a staggering 61% of Chief Procurement Officers (CPOs) identified "increasing supplier collaboration" as their top priority. This underscores the critical role of Supplier Relationship Management (SRM) in fostering robust partnerships that drive innovation, efficiency, and mutual growth. Our SRM Certifications are the industry's only accredited programs offering a comprehensive, flexible, and globally recognized learning experience. Our curriculum includes a dedicated AI module, equipping professionals with the essential knowledge to harness AI's power and revolutionize SRM. By understanding how AI can deepen relationships, optimize supply chain operations, enhance supplier management, and contribute to sustainability goals, our certifications empower individuals to drive organizational success.

We offer a comprehensive range of online programs designed to enhance your commerce and contracting expertise. Whether you're aiming to build strategic partnerships, master contract negotiation, or develop a strong ethical foundation, our online programs provide flexible and accessible learning opportunities. Our programs are delivered in a variety of learning formats to suit your needs. Interactive online courses combine video lectures, interactive exercises, and assessments for a dynamic learning experience at your own pace. Master classes, led by industry experts, offer in-depth exploration of specific topics with live online sessions, Q&A, and networking. MOOCs, or Massive Open Online Courses, are free and accessible to a broad audience, providing flexible learning with course materials and assignments at your convenience. Whether you're an individual seeking personal growth or an organization looking to upskill your team, WorldCC's online professional development programs offer the tools and knowledge you need to succeed.

We provide a dynamic range of workshops designed to empower professionals to excel in the complex landscape of commerce and contracting. Our expert-led sessions provide invaluable insights, practical tools, and strategic guidance to help you navigate challenges, optimize processes, and achieve exceptional results. Delve into the intricacies of agile contracting, where we explore how to align contracting practices with the fast-paced demands of modern business. Learn to craft contracts that are not only legally sound but also drive value and foster collaboration. Our contract design workshops equip you with the skills to create clear, concise, and customer-centric agreements that streamline operations and mitigate risks. For those seeking to elevate their negotiation prowess, our workshops offer a comprehensive approach to building strong relationships, achieving win-win outcomes, and maximizing value. We also delve into the critical area of post-award contract management, empowering you to unlock the full potential of your contracts and drive continuous improvement. Discover the power of relational contracting, where trust, collaboration, and shared value are at the core of successful partnerships. Our workshops provide practical frameworks and strategies to build long-lasting relationships that drive business growth. Whether you are a team of seasoned professionals looking to refine your skills or seeking to build a strong foundation and build your commercial and contracting team, WorldCC workshops offer the knowledge and expertise to propel your organization and careers forward.

Salesforce, Conga, and WorldCC dive into the critical aspects of Contract Lifecycle Management (CLM) implementation, shedding light on how organizations are leveraging contract analysis for informed decision-making, precise cash flow and revenue forecasting, and addressing policy issues and risk management.

In the ever-evolving procurement and supplier engagement landscape, North West London Procurement Services (NWLPS) has emerged as a frontrunner, pioneering a comprehensive Supplier Relationship Management (SRM) framework. This strategic initiative, meticulously aligned with the organization's 2022 - 2025 "Stronger Together" strategy, aimed to strengthen partnerships, maximize value, and stimulate innovation with key suppliers. This case study explores the in-depth design, execution, and impact of NWLPS's SRM framework, outlining the key components and phases that propelled its success. Webinar: https://www.worldcc.com/resources/content-hub/details/strategic-supplier-collaboration-a-case-study-with-nhs-northwest-london-procurement-services-nwlps-

“When you assume, you make an ass out of you and me…” yet assumptions are a regular section of a Statement of Work. Is an assumptions section poor drafting and collaboration? Or is it an essential part of a flexible contract? We hear from Deployed, a statement of the work automation platform whose thesis is that assumptions in a service contract are the main reason for scope creep and project failure. This webinar looks at this debate, and how assumptions can be made into a method of securing accurate scope and delivery performance.

WorldCC research reveals around 40% of project disputes stem from a lack of clear scope and goals. Don't become a part of that statistic! Scope expert and Co-Founder of Deployed, Jamie Gannaway, shares insight on the vital skill of authoring robust scopes. A well-crafted scope is essential for minimizing risk, enhancing project clarity, and minimizing project disputes. Gain expert insights and practical strategies that will elevate your procurement processes, ensuring efficiency and success.

The true Return on Investment (ROI) of implementing a Contract Lifecycle Management (CLM) system! In this webinar, we move beyond the sales-talk of the vendors and discuss the real experience of successful implementations. Contrary to popular belief, ROI isn't solely about immediate financial gains. It encompasses - and often depends upon - enhanced user and employee experience. That’s a critical facet often overlooked by top-level management. ROI transcends monetary gains. By leveraging CLM solutions, organizations can refine their strategies, gain process control, streamline data collection, establish Key Performance Indicators (KPIs), and enhance overall efficiency - an invaluable ROI in itself.

The WorldCC Community is your hub for collaboration and growth. Here, you can connect with like-minded professionals, brainstorm solutions, share insights, and overcome industry challenges. This platform brings together top organizations and individuals, fostering a vibrant community where knowledge is shared and best practices are developed. Engage in TASK discussions with WorldCC staff, Council Members, and industry leaders to gain valuable perspectives and drive innovation.

Connecting you globally, engaging with you locally. With members in over 190 countries, WorldCC understands the importance of tailoring global insights to local needs. Our diverse event portfolio is designed to connect you with the community, wherever you are. From intimate webinars to large-scale summits, we offer a range of opportunities to learn, network, and share experiences. Whether you're a seasoned member or just starting your WorldCC journey, we invite you to join us for an event that resonates with your interests and goals.

Our awards are about you, our community, and your amazing achievements in contract management, design, and innovation. Awards are a huge part of how we recognize opportunities to improve, achieve, and revisit our current expectations and goals to support our members better worldwide.

Join a community of commercial and contract pioneers. World Commerce & Contracting is a hub for forward-thinking professionals who challenge the status quo. As a member, you'll gain access to innovative tools and resources that empower you to measure, improve, and lead in commercial excellence. Our community fosters a culture of collaboration and knowledge sharing, enabling you to benchmark your performance, access cutting-edge research, and drive positive change within your organization.