At Procurement Foundry’s Forge, a virtual summit for chief procurement officers, leaders from L’Oreal USA and Zynga shared how digital contracting was key to aligning legal and procurement teams in driving business faster.
Key takeaways
Here are some pearls of wisdom from their conversation:
- Streamline intake: Leveraging Ironclad’s Workflow Designer, Zynga aligned their intake process to the language that their IT sourcing team speaks.Instead of an unpredictable question and answer process that lives in email — that might get purged in data deletion at a regular interval — they have captured data in an organized way with normalized answers that can be found in a central repository and filtered for various needs for review.
- Automation rules. Organizations face headcount struggles and any bit of automation for repeatable tasks have been immensely helpful for teams having to do more with less.
- CLM powers collaboration. At L’Oréal, having a CLM brings sourcing, legal and finance together into the procurement process and eliminates the back and forth over email.
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