Contract Heroes
Understanding CLM: Insights from the Pharma Industry with Angelina Bellanton
Episode Summary
In this episode of the Contract Heroes Podcast, we are delighted to feature Angelina Bellanton as our special guest. Angelina is currently the Senior Manager of Contracts and IP at Ikena Oncology and has a strong background in the pharmaceutical industry. During our conversation, Angelina provides us with a deeper understanding of the day-to-day work of a contract management team. We discuss the significant advantages of implementing a CLM system, including improved communication between legal and finance, streamlined approvals and signature processes, and the importance of a well-designed contract intake form. Our conversation also covers the importance of selecting the right CLM vendor for the organization and providing proper training to ensure that staff can leverage the system's functionalities effectively.
Episode Notes
WHAT WE DISCUSS:
- [00:29] - Angelina's background and contract work
- [01:47] - Day-to-day work of a pharma contract team
- [03:05] - How implementing a CLM system improved communication between legal and finance
- [04:27] - Impact of tools like Agiloft on daily tasks
- [06:13] - Importance of a well-designed contract intake form.
- [08:15] - Issues that can be resolved using automation tools such as Agiloft.
- [10:42] - Compatibility of CLM with other departments
- [13:31] - Engaging stakeholders with KPIs and dashboards
- [15:16] - Continuous training for effective CLM use
- [17:28] - Managing Agiloft implementation and customization
- [20:31] - Tips for evaluating CLM vendors
- [22:55] - Choosing the right implementation partner
NOTABLE QUOTES:
- [10:58] “You have to think about the organization as a whole and being in a system that you can actually grow into, and that's going to continue to fulfill the business needs.” - Angelina
- [16:38] “The things that you don't know at the beginning of an implementation aren't going to be the same things that you don't understand at the end.” - Marc
USEFUL RESOURCES & LINKS: