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Manufacturing agreements have long been trapped in outdated, paper-based processes, but the push to digitize is finally gaining momentum. In this Docusign blog, John Dougherty, head of manufacturing for the Americas at ServiceNow, explores how digitization is reshaping the way manufacturers manage their agreements.
Dougherty shares insights on the pressures driving this change, from the need to streamline supplier onboarding to leveraging AI for enhanced visibility and compliance. He emphasizes that while technology plays a critical role, the real game-changer is having strong, efficient agreement processes in place.
✍️ Key Takeaways:
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Pressure to Digitize: Post-pandemic, manufacturers are being pushed to adopt digital solutions to keep up with supplier demands and new regulations.
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AI’s Role in Agreement Management: AI isn't just automating routine tasks; it's helping manufacturers uncover valuable insights from their agreement data, improving compliance, and ensuring that contractual terms are met.
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Importance of Strong Processes: Technology alone isn’t enough. Manufacturers need robust agreement processes that can handle exceptions and adapt to changes, ensuring smooth operations.
💬 Community Chat: Share your thoughts on these questions or anything else in the comments below 👇
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How do you manage the tension between maintaining traditional agreement practices and adopting new digital tools in your organization?
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What are some effective ways you've convinced stakeholders to embrace digital transformation in agreement management?
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What steps are you taking to ensure that your agreement management processes can adapt to future changes in the market or regulatory environment?
