Last update: 11-Dec-2013 4:05 am
Wednesday, December 11, 2013
Trinidad & Tobago Guardian Online
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New software solution could abate corruption
A new contract lifecycle management (CLM) solution that could help eradicate corruption in the tendering process was launched at the Microsoft head office in Port of Spain. “It has the potential to help eradicate corruption. It provides processes that have to be followed and when they are not followed, it becomes more obvious, but as we mentioned in the presentation, nothing is going to prevent somebody from picking up the phone or having a side meeting. “If most of the procured processes are documented, I think it becomes a lot harder for corruption to happen. Let’s face it. Corruption happens everywhere—first world countries, third world countries—it’s just the frequency and the ease with which it happens,” said Derrick Villeneuve, director of strategy at Davyn, a Microsoft “gold” partner.
Davyn CLM is a full featured system based on the Microsoft Dynamics customer relationship management (CRM) platform that can be configured to the needs of any organization. Villeneuve said the software enforces best practices in the management of contracts from inception through termination, addressing efficiency and process issues for departments of an organisation dealing with contracts, such as procurement, legal, business development, or sales. Among the best practices it provides are review and standardisation of language and key terms and conditions to reduce risk and incentivise contractor performance and customer loyalty; consolidation of contracts in a central and easily searchable electronic repository; automating review and approvals of contracts for efficient audits; proactive management of contract obligations; and monitoring of key metrics for contracting analytics across the enterprise portfolio.
The Microsoft partner that with the CLM, contracts can be assembled from approved standard language templates and revisions or changes captured by the system. Users can get “immediate visibility into the state of the contract and its progress allowing for transparency of the process from request or inception through contract close out.” Davyn said its system has alerts and notifications which allow for more proactive management of key milestones and dates in contracts. The company said the system features a central repository of all contracts and representative data, which leads to more efficient contract monitoring. Davyn was founded in 2000 and serves the English-speaking Caribbean from its base in T&T.
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