180,000 companies flock to Concord contract management platform
Some 180,000 companies have joined Concord's contract management platform, with more than half signing up over the last 12 months, the company has revealed.
It has seen rapid market adoption of its completely digital contract management Platform as a Service (PaaS), posting 300% YoY revenue growth and more than doubled its enterprise customer base in the past 12 months.
Concord said the growth is being driven by a strong ‘network effect’ whereby new subscribers invite multiple users to participate on the platform.
New customers include Kickstarter, Newell Brands, Barracuda Networks, Bitdefender, thetrainline.com, Rent the Runway, Sizzling Platter and Spark NZ (New Zealand).
Unlike other contract management systems, Concord provides a single and completely digital environment for the origination, negotiation, execution and renewal of all contracts, including all parties, all edits and all signatures.
Concord eliminates the need for third-party e-signature providers, email and Word, which it says removes fragmentation from the contract process and eliminates potential compliance gaps and vulnerabilities.
Matt Lhoumeau, Concord CEO and Co-Founder, said: “96% of businesses have no contract management in place – it’s Concord’s vision to change this. Our strong growth over the past year indicates we’re successfully chipping away at that 96%, changing the way companies conduct business and helping them reap the rewards of digital transformation and new business processes.
"We will continue to invest in and advance the capabilities of our platform so that customers have the best possible user experience, introduce the Concord platform to their key internal and external stakeholders, and create a network effect of sustainable and scalable business advantage.”
New speakers announced for Procurement & Supply Chain Live
Two leading executives in supply chain transformation have been confirmed for this year's Procurement & Supply Chain Live event.
Procurement & Supply Chain Live is the perfect opportunity to hear from prominent executives at the world’s leading procurement and supply chain businesses. The event will be streamed live from Tobacco Dock, London via the leading networking platform Brella.
The three-day show, running 28-30 September 2021, is an essential deep dive into the industry, with influential speakers sharing insights and strategies from their organisations, group roundtable discussions, and fireside chats.
We take a look at the latest additions to the already amazing lineup of speakers announced so far, and what they will bring to the flagship event.
VP Global Supply Chain at Macmillan Education Ltd
Shaun Plunkett has over 30 years of supply chain leadership experience in FMCG, entertainment and media sectors, supporting multi-billion euro businesses including Universal Music, EMI, Sony Music, Harper Collins and Associated British Foods. He has a track record of successfully delivering transformational change coupled with award winning operating models and developing and coaching global teams. Plunkett says that challenging the status quo is at the heart of what drives him on a daily basis - and encouraging others to continuously push the boundaries.
Read more about Plunkett’s involvement in Macmillan Education’s supply chain transformation HERE
Digital Transformation Lead, Oracle UK and Board Member, CILT at Macmillan Education Ltd
Vikram Singla is digital transformation director at Oracle, UK. He helps supply chain and finance business leaders leverage technology to deliver meaningful business outcomes for their organisations. He also serves on the board if CILT (Chartered Institute of Logistics and Transport) – UK and is an Honorary Visiting Fellow at Anglian Ruskin University. Singla has more than 25 years’ experience in the technology sector, and in global supply chain transformation, including deploying business transformation programmes for Fortune 500 firms. In his spare time, Singla is a passionate brand ambassador for Cancer Research.
Plunkett and Singla join a growing line-up of speakers, including: Sheri R. Hinish, IBM; Robert Copeland, G4S; Daniel Weise, BCG; Mark Bromley, Mastercard; David Loseby, Rolls Royce; and Ninian Wilson, Vodafone Procurement Company.