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Spend management

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Research professionals across law firms and corporations have seen both the expansion and consolidation of electronic information resources (EIR) in recent years. As new technologies are developed, they are often acquired by the large industry players: Bloomberg, LexisNexis and Thomson Reuters. The landscape changes quickly, and…

When procurement professionals are involved in a request-for-proposal (RFP) process to fulfill a specific business need, one of the most critical factors in structuring the vendor contract with vendors is the contract duration: long-term or short-term?

Today’s research challenge is not a lack of information; it’s knowing where to start the search, which services provide the most reliable and current information or what represents a credible source.  So much information exists that researchers are often overwhelmed and paralyzed. The buyers of…

Before law firms and corporations enlist the help of spend management consultants, we find they manage their indirect spend internally in several ways. Typically they: Gather recommendations from peers within their industry or markets. Send requests for proposals and bids that includes the peers’ vendors…

One of our clients recently inquired about the resources most frequently used and most helpful for due diligence on European mergers and acquisitions. With rising concerns over information security during M&A transactions and uncertainties over Brexit, it’s never been more important to make well-informed, data-driven…

After visiting Bloomberg's flagship offices in New York City to view demos of newly unveiled enhancements and upgrades to Bloomberg Law, we returned quite impressed with what Bloomberg has in the pipeline and how it may appeal to the decision-makers responsible for managing legal research…

New York City is set to embark on an experiment in traffic congestion management that has never been tried in the United States. The plan is likely to have spend-management implications for businesses large and small that have vehicles driving into Manhattan or that receive…

As EIR (electronic information resources) and SaaS applications become mission-critical in law and business, unscheduled downtime and outages have become an important contract consideration. While efficiency, maintaining normal business operations and cybersecurity protection are chief concerns, the issue of possible cost recovery also is taking…

FedEx or UPS? That’s a question asked daily in mailrooms and shipping departments around the country. Most companies have relationships with both, and good shipping clerks know which one to use based on needs and circumstances. The two carriers have become similar, yet each one…

A few years ago, we published an article on average office supply costs per employee. In recent years, office supply costs have been trending upwards, so we decided it was time to revisit this topic.

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