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As a contract manager creating a ‘Risk Profile’ for each contract ensures that you have the tools in place to monitor and analyse contract risks, and react to any situation that could arise.

Potential risks:

• Automatic renewal
• Automatic cancellation
• Changes in pricing
• Supplier financial status
• Customer financial status
• Suppliers negating T&C’s

Read the full article here

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Software Europe achieves ISO/IEC 27001:2005 certification

Software Europe, established in 1989, is proud to announce gaining certification for ISO/IEC 27001:2005 the International information security manage­ment system standard. Software Europe has a strong reputation for providing and maintaining high quality services to its customers and this announcement further assures them that their information is being protected.

The independent verification of the management system brings the organisation's information security under explicit management control and judged against best industry practice.

ISO/IEC 27001:2005 - Read more about Software Europe's certification

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Affiliate article:

BSkyB v. EDS – how can Procurement help major outsourcing projects avoid the courtroom?

There has been enormous press coverage of the BSkyB v EDS trial, where EDS were required to pay over £200m for fraudulent misrepresentation on an outsourcing contract.  BSkyB’s budgeted £46m for the project, but ultimately paid £270m for an incomplete delivery at significant delay. 

Although EDS were vilified, the case raises the obvious question for procurement – how can we avoid time and cost overruns of this magnitude on major procurement projects?

Read the full article here

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New customers

We would like to welcome on board the new customers who have recently purchased framework. These include:

Manchester United, who chose framework to manage their sponsorship contracts. Having spent time researching the products on the market they found framework to be simple to use and flexible enough to be configured to their exact requirements.

Irwin Mitchell Solicitors , who were looking for more than just a standard contract management solution. frameworks'  ability to forecast future expenditure was the main pull for them in choosing this system and they plan to use framework for their contract invoicing, budgeting and reporting needs.

St Andrew's Healthcare, one of the UK’s largest not-for-profit mental health care charity, purchased framework to manage their contracts with the NHS Service providers and for their procurement department to manage their supplier contracts.

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Were you at the IACCM Conference last month?

If you were fortunate to attend the IACCM conference in Edinburgh last month and ventured through the exhibition you may have seen us on Stand 4; you might even have entered our prize draw to win the bright yellow ride on mini car. If you did attend, I hope you found the conference as successful as we did. Neil Everatt, Managing Director at Software Europe reports, “we met some really interesting companies that want to advance their business through the deployment of intelligent solutions. My colleagues and I were able to show them how framework is an ideal way to manage their hundreds of contracts.”

At the event we chose the theme of ‘driving savings’ through intelligent management of contracts and supported this with a bright yellow ride on mini car (for children) which was given away at the event through a prize draw.”

About the IACCM: The International Association for Contract & Commercial Management is a non-profit membership organization that provides a global forum for innovation and collaboration in trading relationships and practices. Visit: http://www.iaccm.com/

Winner of the car

We would like to congratulate the luck winner of the bright yellow ride on mini car, which was seen driving around the IACCM conference in Edinburgh last month:

Mrs A Harcus from Standard Life

Mrs Harcus donated the prize to the Community Investment team who plan to either auction it off or use it as raffle prize with the monies raised to go to the Standard Life Charity Fund.  This year the charity fund is supporting Barnardo's and the Institute of Cancer Research. Alternatively, they may donate the car to a community or charity group working within the areas of health, homelessness, ageing, education and training.  
With either of these options, the Community Investment team try to ensure that anything received in competition prizes to its employees is utilised for maximum benefit.

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Visit www.framework-software.com for more information about the leading contract and supplier management solution

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