Contract Heroes

Pepe Toriello & Marc Doucette
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Sep 20, 2023 • 38min

Beyond the Paper Trail: Alistair Maiden's Quest for Contract Efficiency

WHAT WE DISCUSS:[00:00:40] - Introduction to Alistair and his company SYKE[00:01:15] - The birth of a contracting Solution[00:02:32] - Reducing contract cycle time[00:11:53] - The importance of investment and implementation[00:13:09] - The potential pitfalls of underestimating implementation efforts[00:19:33] - Benefits of a centralized contract repository[00:22:37] - The value of engaging a reputable consulting firm[00:25:00] - Reputation and changes in the market[00:30:34] - The transformative impact of AI in the legal sector[00:34:35] - Disruption in legal advisory services[00:35:56] - The role of AI in migrating and extracting legacy dataNOTABLE QUOTES:[00:03:44] - “We managed to reduce the average contract cycle time down from over 50 days to five and a half days, and it was really impactful, had a big commercial benefit, and I kind of just fell in love with it really.” - Alistair[00:07:17] - “I saw just the power of how, you know, for a few simple questions, you could put together a robust contract.” - Alistair[00:21:30] - “We don't want to be associated with failed projects and products. Reputation is hugely important.”- Alistair [00:30:34] - “It's moving super fast and I am incredibly excited about what we're going to be able to achieve in short order through this new technology.”- Alistair[00:35:42] - “I really do, I don't think it will be long before the answers are as good as the lawyers or better, and that's going to be hugely disruptive to the legal market.” - AlistairUSEFUL RESOURCES & LINKS:SYKE WebsiteAlistair Maiden on LinkedInThe Contract Heroes Podcaston Apple Podcastson SpotifyMarc Doucette on LinkedInPepe Toriello on LinkedIn
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Sep 11, 2023 • 29min

The Art of Contract Management at CLM Simplified Academy 2023

In this episode of the Contract Heroes Podcast, we are delighted to have three distinguished guests with us - Mary O'Carroll, Chief Community Officer at Ironclad and former Google Director Legal Ops and CLOC President; Laura Frederick, founder of How to Contract and ContractsCon, and a Lawyer; and Debbie Hoffman, previously Managing Associate General Counsel at Western Union, and currently a board director and executive leader with expertise in fintech, real estate, mortgage lending, and blockchain.During our conversation, we discuss contract management implementations and finding a successful system with Mary. We emphasize the importance of taking a phased approach and starting small with pilot projects. Our discussion also covers the decision of whether to start with the legal department or procurement contracts, the role of consultants in the pre-implementation process, and effectively monitoring and managing contracts for compliance and value maximization. Laura joins as an expert in negotiating contracts, discussing the concerns of commercial lawyers and the trend of over-contracting. The episode concludes with Debbie sharing her experience with implementing a new tool at Western Union and the challenges faced. WHAT WE DISCUSS:[01:15] - The importance of phased approaches for successful implementations[03:06] - Starting with legal or procurement in implementing contract management solutions[03:22] The importance of finding the right starting point for implementing contract management solutions[04:53] - The role of consultants in the pre-implementation process and the need for well-defined processes[05:38] - Recommendations for organizations to ensure effective monitoring and management of their contracts[06:56] - AI and its impact on contract management[08:44] - Laura Frederick's recent event and her work as the founder of “How to Contract”[09:51] - Commercial lawyers’ frequently asked questions regarding CLM[11:01] - Strategies to reverse the over-contracting trend[11:35] - The importance of training for effective contract negotiation skills[13:34] - Automation of contract negotiations and the need for human decision-making in complex contracts[19:43] - Debbie’s background and involvement in CLM implementation while at Western Union[20:52] - The CLM vendor selection process[22:07] - Debbie’s challenges with the current tool[25:08] - The importance of building playbooks and understanding client needs NOTABLE QUOTES:[00:01:19] - “The idea of getting all your stakeholders aligned at the same time and trying to roll out one solution and saying, hey, this is going to be good for everyone is honestly a bit unrealistic. You're never going to have everyone on the same page.” - Mary  [00:01:44] - “Change management is hard. This is something that affects so many parts of the company. So, instead of trying, I think to get everyone aligned and to spend a year doing stakeholder alignment, the requirements gathering change management process is to just start small.” - Mary[00:16:24] - “If you can, train the people who are doing the contracts and negotiate them on those real risks, not the academic risk, but what is this company with these products and services? What do we really worry about then that's going to be such an important step towards enablement and getting to shorter contracts?” - LauraUSEFUL RESOURCES & LINKS:Ironclad WebsiteMary O'Carroll on LinkedInLaura Frederick on LinkedInHow to Contract WebsiteContracts Con WebsiteDebbie Hoffman on LinkedInWestern Union WebsiteThe Contract Heroes Podcaston Apple Podcastson SpotifyThe Contract Heroes Official WebsiteMarc Doucette on LinkedInPepe Toriello on LinkedInPepe Toriello on Twitter
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Sep 4, 2023 • 28min

Crush Contracts' Game-Changing Approach to Contract Management with Roma Khan

Roma Kahn, Founder of CrushContracts, shares her journey from contracts manager to general counsel and starting her own contracts tech company. They discuss tools like Global NDA, ICE, and Zoey to address contract management pain points. Challenges of buy-in, adoption, and change management when implementing new technology are also explored.
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Aug 15, 2023 • 40min

Leveraging Clean Data for Streamlined Contract Management

During our conversation, we gain valuable insights into Intel's journey of successfully implementing a contract management tool. We emphasize the importance of clean and organized data as the foundation for effective contract management. We delve into the significance of data-driven decision-making and involving attorneys in the process. The team from Intel highlights the importance of metadata and prioritizing active contracts. They also give us insights into some of the challenges they faced during implementation and the importance of data cleanliness and integrity. We also touch on scoping the project, engaging internal teams, and involving end users in the design process. Finally, we discuss the flexibility and challenges of the chosen CLM solution by the Intel team, as well as the future phases and the potential of AI in contract management.WHAT WE DISCUSS:[00:14] - Intel’s journey of implementing a contract management tool[03:16] - Establishing a solid foundation for contract management through data-driven approach[07:13] - Analyzing and prioritizing data during the foundation stage[08:49] - Data integration and prioritization of contracts in a system implementation.[10:41] - Importing legacy documents and mistakes in implementation[12:07] - Building the contract repository and data cleaning[16:41] -Scooping process and the importance of prioritizing features and functionalities based on business value and user population [24:14] -The role of a dedicated project manager and their experience with legal technologies during CLM implementation[26:07] How processes were established and whether diagrams were created during the foundation stage[27:49] Handling change requests during CLM implementation[32:43] - Importance of conservative resource planning and transparent communication in business operations[34:45] - Prioritizing and future phases in consulting, including authoring and AI for contracts[35:36] - Excitement about the future phase of AI in contract management.[37:20] - Integration with company's data domainsNOTABLE QUOTES:[00:01:44]  - “Having a firm foundation of understanding what our data is and making a data centric mindset approach towards how we solve our challenges when it comes to contracts is of utmost importance.” - Donovan[00:04:00] - “Data is going to be king in terms of understanding how we can then make a business decision. At the end of the day, the data should produce the ability to make a decision in regard to where you are taking your business and the approach you're going to take with it.” - Donovan [00:15:51] - “You need to maintain the data and make sure your data continues to be clean, through the years. And so that's why when you are doing this repository design implementation, take into consideration the business rules. Ideally, you should have those also implemented into the system validation.” - Kuan[00:19:22] - “Our first implementation failed largely because we didn't partner with our IT organization like we did with our second implementation. And so, that was the chief reason why we failed. We, as a legal department and legal operations department, felt we could do it on our own without bringing in a big intel IT organization.” - GeraldUSEFUL RESOURCES & LINKS:Intel WebsiteKuan Yu Liu on LinkedInDonovan Bell on LinkedInGerald Wright on LinkedInThe Contract Heroes Podcaston Apple Podcastson SpotifyThe Contract Heroes Official WebsiteMarc Doucette on LinkedInPepe Toriello on LinkedInPepe Toriello on Twitter
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Aug 7, 2023 • 17min

Chaos No More: How CLM Solutions Save the Day with Sol Brody

Picture a crucial contract trapped in a digital abyss, while stakeholders scramble to review it one after another, causing delays, errors, and missed opportunities. Contract Lifecycle Management (CLM) is the knight in shining armor. With automation, collaboration, and visibility, CLM transforms your procurement process into a streamlined powerhouse. Say goodbye to lost contracts and endless paperwork. Embrace CLM to unlock efficiency, compliance, and accelerated business growth. It's time to reclaim control over your contracts and triumph over the chaos.In this episode of the Contract Heroes Podcast, we are thrilled to  sit down with Sol Brody. Sol is  the Executive Director, Legal Operations at Boeing. The Boeing Company, along with its affiliated companies, engages in the global design, development, manufacturing, sales, servicing, and support of commercial jetliners, military aircraft, satellites, missile defense systems, human space flight initiatives, as well as launch systems and services.During our conversation with Sol, we discussed contract management challenges within a large organization and the implementation of a CLM solution at Boeing. Sol talks about his  role and emphasizes the importance of collaboration and efficiency in contract management processes. We also discuss the ownership of contracts at Boeing and the challenges faced in finding the right workflow solution. Sol  shares his experience fitting into his role and working in such a large organization. Our conversation also touches on key performance indicators (KPIs), automation, compliance reporting, and building a legal operations team. Sol  suggests identifying pain points within the organization and involving internal business partners to advocate for its necessity and help make a compelling case to the C-suite. WHAT WE DISCUSS:[00:30] - Sol’s perspective about the conference and how it has changed since his first visit in 2019[01:24] - Ownership of contracts at Boeing and Sol’s role in assisting attorneys with a structured approach[02:48] - The implementation of a CLM solution at Boeing[04:14] - Challenges faced during the implementation of the CLM solution at Boeing[06:06] - The role of CLM solution in addressing pain points at Boeing [07:44] - Sol’s experience of transitioning from one company to another[10:47] - Key performance indicators (KPIs) for legal operations during the post-signature phase of the contract lifecycle[12:44] - Opportunities for automation in compliance reporting[15:13] - Building a legal operations team and gaining support from the C-suite NOTABLE QUOTES:[00:06:07] - “I think part of it, it's just a lot of white space in between. We use a lot of emails. And so just imagine an email goes into a procurement agent, it sits for a couple of days until someone gets it. It then needs to work through the process. There's no less than ten other functions that need to weigh in on whether there's some element of privacy or global trade or insurance or some other risk that we're trying to mitigate. That has to be worked many times in serially rather than parallel.”  - Sol[00:13:52]  “Legal doesn't own the policy, we should not be stepping into that white space to tell you what the policy is supposed to mean, that's for the policy owner to do. So it's really about how does the right work get to legal, how do we deflect work that makes sense upstream either to the policy owner or to the requester, or that we can put into some sort of knowledge bank that people can go to and get a quick answer to.” - SolUSEFUL RESOURCES & LINKS:Boeing WebsiteSol Brody on LinkedInThe Contract Heroes Podcaston Apple Podcastson SpotifyThe Contract Heroes Official WebsiteMarc Doucette on LinkedInPepe Toriello on LinkedInPepe Toriello on Twitter
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Jul 31, 2023 • 23min

Navigating the Challenges of Transitioning to a New CLM System with Trayce Marcelle

In today's rapidly evolving business landscape, the strategic utilization of technology has become a paramount driver of success. It holds the key to unlocking unprecedented levels of productivity, efficiency, and innovation. But here's the catch: technology alone is not enough. To truly harness its power, organizations must foster a culture of collaboration, breaking down silos and engaging every department in the transformative conversation.In this episode of the Contract Heroes Podcast, we sit down with the incredibly experienced Trayce Marcelle who is a seasoned professional with over 20 years of experience in legal operations management consulting and the Head of US - Legal Operations and Technology Consulting LOD + SYKE. LOD & SYKE are the leading and rapidly expanding experts in legal technology, have collaborated to provide clients with exceptional alternative legal services. They are globally recognized as the biggest and most swiftly advancing specialists in this field.During our conversation, Tracy discusses her experience in legal operations management consulting and the importance of incorporating technology into legal operations. She emphasizes the need to make technology work for you and involves other departments in the conversation. We also highlight the challenges of implementing digital transformation projects and the importance of having a clear action plan. The conversation then shifts to contract lifecycle management (CLM) and the challenges of implementing CLM systems. Tracy provides practical solutions and suggests starting with a few key contracts or workflows. We also discuss the challenges of transitioning from one system to another and emphasizes the importance of changing perceptions and proper planning. WHAT WE DISCUSS:[01:15] - Trayce’s background[02:32] - Some of Trayce’s significant projects in legal innovation and legal tech consulting[06:05] - The importance of involving other departments in legal tech projects[07:23] - How to engage other departments in legal projects for meaningful impact[09:14] - The need for a clear action plan in digital transformation projects[10:17] - The challenge of starting a project without mapped processes[10:37] - Implementing CLM across different industries and regions, and the importance of not over planning.[12:22] - Simplifying processes and using metadata to make strategic decisions based on contract execution data.[15:12]  -  Prioritizing implementation based on specific business needs and starting with a few contracts for quick wins and user adoption.[17:09] - The importance of collaboration between commercial and legal teams in the negotiation and implementation process of legal technology[20:14] - Strategies to generate excitement and overcome resistance for CLM implementation(20:33] - The importance of understanding business requirements and the overlap of spend when transitioning to a new tool(21:13] - Changing the perception of contracting(21:50) - Pre-implementation planningNOTABLE QUOTES:[00:07:35] “You want to create an environment of envy. You want to create an environment where people are talking about what you're doing and are excited about it. You have to create champions. And that means when you're doing your requirements gathering exercise, you understand what people want out of the system.” - Trayce[00:11:08] “We are firm believers that you don't boil the ocean. If you spend a year planning an implementation, by the time you're ready to implement, it's all wrong, and it's all changed, as soon as you put them on paper, it's dead.” - Trayce[00:21:19] “So, you start looking at data governance and usage and adoption and where are the gaps and where are the problems, and you start just changing their perception of the way it does work and the way that it can work. And you start creating excitement about it even before you decide and negotiate on the next tool.” -TrayceUSEFUL RESOURCES & LINKS:SYKE WebsiteLOD WebsiteTrayce Marcelle on LinkedInThe Contract Heroes Podcaston Apple Podcastson SpotifyThe Contract Heroes Official WebsiteMarc Doucette on LinkedInPepe Toriello on LinkedInPepe Toriello on Twitter
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Jul 24, 2023 • 39min

Turning CLM Setbacks Into Success with James Donald

In this episode of the Contract Heroes Podcast, we are delighted to sit down with James Donald. James is the Deputy General Counsel, Global Premium Midscale and Economy Brands at Accor in Dubai and  has 10+ years' hospitality experience. He has advised on all manner of hotel-related agreements throughout Europe, Africa, the Middle East and Asia. Previously, before joining Accor, he led legal and risk in India, the Middle East, and Africa. James is a solicitor of England and Wales, with an economics and finance degree, and a father of twin boys.During our conversation, James shares his background and how he ended up in his current role. The discussion focuses on legal operations and implementing  technology at Accor. James explains the initiatives they have taken to streamline legal processes and improve collaboration between legal and other business departments. He also discusses the implementation process of their contract lifecycle management system and highlights the importance of evaluating and re-evaluating processes. James discusses a significant aspect of their discussion, which revolved around the learnings from a previous CLM implementation. He shares how they have used that knowledge to avoid making the same mistakes with their new vendor, Agiloft. By reflecting on past experiences, James and his team have gained valuable insights that inform their approach to implementing the contract lifecycle management system, ensuring a more successful outcome with Agiloft.WHAT WE DISCUSS:[00:30] - James' career background and how he ended up as Deputy General Counsel at Accor[03:33] - James’ key initiatives to align and streamline legal processes at Accor[09:34] - James’ approaches to CLM implementation and the role of external consulting firms[11:34] - Evaluating tools and processes[12:47] - Considerations during the evaluation and implementation of a CLM tool[13:58] - James’ experience of extracting data from legacy contracts and the challenges they faced in manually extracting over 300 pieces[16:15] - Strategies for successful implementation of complex systems, focusing on phased approaches and user adoption[20:28] - The importance of integrating different systems within organizations and the challenges it poses.[24:38] - James’ considerations and options for post go-live support and system administration in implementing and evolving organizational CLM solutions[27:59] - Continuous improvement of operational effectiveness[30:46] - Speeding up the contracting process[33:47] - How success is measured in implementing a software solution[37:08] - James’ tips for a successful contract management processNOTABLE QUOTES:[00:10:05] - “When you're trying to load lots of different templates into a solution, or you've got lots of different processes that vary regionally, of course it's really hard to get that to work when there's so much complexity. So we realized that that was something we should have done, probably more of.”- James[00:30:16] - “If there's one thing that I can suggest young in-house lawyers do is to really understand the business that they're in, because there's often a criticism that I hear about, Well, do they really understand me? Right? Do they really understand what my challenges are, the business person's perspective, when they're trying to get something done.” - JamesUSEFUL RESOURCES & LINKS:Accor WebsiteJames Donald on LinkedInThe Contract Heroes Podcaston Apple Podcastson SpotifyThe Contract Heroes Official WebsiteMarc Doucette on LinkedInPepe Toriello on LinkedInPepe Toriello on Twitter
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Jul 10, 2023 • 35min

Streamlining Contracts for Business Success with Courtney Irelan

In this episode of the Contract Heroes Podcast, we are delighted to speak with Courtney Irelan. Courtney is a corporate attorney and possesses extensive expertise in various contract types, primarily specializing in commercial transactions and procurement. Prior to her legal career, she climbed the ranks in sales and marketing and eventually assumed the role of overseeing business operations for multiple retail stores. Courtney harbors a strong enthusiasm for contracts.During our conversation, we talk about the Contracts Con event and the importance of practical contract management education in law schools. Courtney emphasizes the need to define the scope of services and terms clearly, as well as to avoid vagueness and ambiguity in contracts. She also stresses the importance of using plain language instead of legalese, which can be difficult for non-lawyers to understand. We also touch on tips for successful contract management implementation and highlight the benefits of having standardized templates in a CLM system, which can empower sales and procurement teams to turn around contracts quickly and efficiently. Listen to this episode to learn more about the importance of practical contract management education and the benefits of streamlining contracts for all parties involved.WHAT WE DISCUSS:[00:19] - Who is Courtney Irelan?[00:43] - The Contracts Con event[04:52] - The importance of practical contract management education in law schools[08:26] - Overview of Courtney’s article for Contract Nerds[11:13] - Tips for crafting streamlined contracts[13:50] - The importance of using plain language in contracts[17:19] - Courtney’s process of approaching companies for CLM services[21:18] - Common contract types needing improvement[24:14] - The importance of clear and specific language in contracts, and the use of examples to contextualize technical language[25:50] - The benefits of using standardized contract templates in a contract lifecycle management system[29:06] - The impact of user-friendly templates on user adoption and efficiency of CLM tools[32:15] - Tips for implementing a contract management systemNOTABLE QUOTES:[00:13:19] “I've seen a lot of contracts that are super heavy with legalese and coming from sales myself. I remember before being an attorney and reading contracts that I was dealing with and not having a clue what was being said.” - Courtney[00:15:21] - “What you need to have is that there is the commercial side of the business that understands the contracts, because most of the time they're the ones doing the negotiation process and the legal team does not need to be involved in every deal otherwise they will just become overwhelmed.” - Pepe[00:17:20] - “My experience has been that having a contract lifecycle management software of some kind is a desired tool by every department, and I have never run across a scenario where anybody within a business says, "Oh, we don't want that.” Typically, it is a matter of prioritization and cost and a disconnect between knowing why it's so important to have a CLM.” - Courtney[00:32:24] - “If you don't have sufficient buy-in, some sales people may look at CLM's like, Oh, great, now I've got more work to do on my end. They may not realize initially just how much power it gives them. So I think that really emphasizing to sales teams, executive teams and business leaders that this empowers your team. You're not having to wait on legal anymore. You're not even having to wait on procurement a lot of times anymore. CLM gives so much power to the sales and business unit leaders.” -CourtneyUSEFUL RESOURCES & LINKS:Courtney Irelan on LinkedInThe Contract Heroes Podcaston Apple Podcastson SpotifyThe Contract Heroes Official WebsiteMarc Doucette on LinkedInPepe Toriello on LinkedInPepe Toriello on TwitterMentionedPractical Tips on How to Contract by Laura FrederickContractsCon linkContract NerdsContract Nerds: 10 Ways to Improve Your Contract Template by Courtney Irelan
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Jun 28, 2023 • 30min

The Evolving Role of Contract Lifecycle Management with Alla Valente

In this episode of the Contract Heroes Podcast, we are thrilled to feature Alla Valente. Alla is a senior research analyst at Forrester, a leading global market research company that helps organizations exceed customer demands and excel with technology. Alla specializes in security and risk management and with a focus on GRC, TPRM, CLM, and supply chain risk, she assists clients in strategy development, best practice adoption, and technology selection. Her research delves into digital transformation ethics, ERM, and brand protection. With 25 years of B2B marketing experience, including leadership and strategy, product marketing, and digital and customer marketing, Alla brings a unique perspective to risk management. She holds a BA in English from Hofstra University and has excelled in the Business Analytics Program at Harvard.In our conversation, we focus on Forrester's latest Wave Report concerning the CLM space that looked at 26 different criteria for every vendor, including their use of AI, ease of finding information in the contract repository, and integration with upstream and downstream technologies. We explore the significance of understanding the risks associated with commercial transactions and the methodology behind Forrester Wave reports. Additionally, we touch upon the evolving role of CLM in the digitalization of commercial relationships and the key considerations that organizations should prioritize when selecting a CLM provider.WHAT WE DISCUSS:[00:19] - Who is Alla Valente? [00:56] - Alla’s position at Forrester and the Forrester Wave Reports [05:29] - The evolving role of CLM in the digitization of commercial relationships[09:16] - Trends in pre- and post-signature processes in CLM software[10:30] - The collaboration and benefits of CLM within organizations[15:26] - Industry-specific CLM requirements [18:00] - The 26 different criteria used to evaluate CLM vendors[20:18] - Workflow and visualization [22:20]- AI Capabilities in CLM[26:38] - Important considerations for choosing a new CLM provider NOTABLE QUOTES:[00:01:18] - “Understanding the risks that come with commercial transactions, with how organizations acquire, sell, and deliver the goods and services that they have; we need to understand how contracts are really at the heart and at the core of those commercial transactions and interactions.” -Alla Valente[00:07:49] - “In the world of contract management organizations, and especially contract management professionals, wherever they sit, where they sit in the legal department, or they sit in procurement, maybe they sit in sales, maybe they're part of compliance wherever they understand that to be able to have that organization move as fast as its strategy dictates, they need to also then accelerate that transformation by digitizing contract management. And so it's a super exciting time to be in CLM.”- Alla Valente[00:23:34] “There are some organizations that are nervous about AI in contract management. They are reluctant to use it because it's new, and they don't have experience with it. Maybe they think that it might replace them and threaten perhaps what they do, none of which or both of those are not true.” Alla ValenteUSEFUL RESOURCES & LINKS:ForresterThe Forrester Wave™: Contract Lifecycle Management, Q2, 2023Alla Valente on LinkedInThe Contract Heroes Podcaston Apple Podcastson SpotifyThe Contract Heroes Official WebsiteMarc Doucette on LinkedInPepe Toriello on LinkedInPepe Toriello on Twitter
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Jun 13, 2023 • 34min

Procurement: From Chaos to Control with David Cho

Procurement: From Chaos to Control with David ChoProcurement, the backbone of any organization, holds the key to efficient operations, cost savings, and sustainable growth. Whether you're part of a multinational corporation, a government agency, or a budding startup, the significance of establishing robust procurement processes cannot be overstated. However, embarking on building procurement processes from scratch can feel like entering a labyrinth—a daunting task that demands careful planning, expert knowledge, and a sprinkle of creativity.In this episode of the Contract Heroes Podcast, we have the pleasure of speaking with David Cho, a C-Level Managing Director & Chief Procurement Officer for the University of Massachusetts system. Previously, he held key positions at BlackRock, KPMG, and Deloitte, showcasing his expertise in finance, procurement, and strategic planning.During our conversation, David shares valuable insights on building procurement processes from scratch. We delve into the challenges of implementing new processes, the role of technology in procurement, and the importance of measuring ROI. David explains how he and his team centralized the procurement function, simplified the message, modernized policy documents, and used technology to operationalize all processes. We also discuss the significance of change management, communication, and training. Discover the remarkable story of David's team, who not only surpassed expectations but also accomplished a level of work that typically takes organizations three decades to attain. WHAT WE DISCUSS:[00:57] - Who is David Cho?[03:52] - Building procurement processes from the ground up[07:45] - Change management and overcoming pain points[13:04] - How the University of Massachusetts implemented new technology to improve their contract processes[17:44] - How technology empowered the procurement team at the University of Massachusetts[26:47] - The significance of top-down support in implementing procurement changes[28:00] - The best ways to calculate ROI for procurement processes[29:36] - The importance of tangible and intangible ROINOTABLE QUOTES:[00:05:16] - “We're not always looking for the cheapest cost. We're looking for great value, which includes quality of service, which may include some of our social values as well as supply, diversity and environmental sustainability considerations. - David[00:06:48] - “Making sure that you have the right people and places is just so key right before you're rolling out any piece of technology or before you even look at a piece of technology, you need to make sure that you have the people in place to, one, make that change management happen so that people are excited about using a new tool and are going to continue to use the new processes that you're laying out as well.” - Marc[00:30:22] - “So I think you can start creating those targets, those aspirational targets once you've launched these metrics, and then you're able to say, okay, that's the kind of illustrative drive that we're going to strive for right here at these targets. Here's the tangible evidence that we're going to try to go for. And so I need everybody's help to change behavior to get us there.” - DavidUSEFUL RESOURCES & LINKS:Unified Procurement Services Team (UPST)WebsiteLinkedInDavid Cho on LinkedInThe Contract Heroes Podcaston Apple Podcastson SpotifyMarc Doucette on LinkedInPepe Toriello on LinkedIn

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