ARMONK, N.Y., Dec.
18, 2014 /PRNewswire/ -- IBM (NYSE: IBM) today announced
that it radically simplified and made it easier for customers to
enter into cloud computing services agreements by creating a
standard, two-page agreement to replace longer, more complex
contracts that typically required long negotiations and reviews
before a deal was signed. In comparison, IBM's cloud competitors
require customers to review and commit to more complex contracts
that commonly are at least five times longer and also incorporate
terms and conditions from other websites.
In recognition of this achievement, IBM received the 2014
Innovation Award for Operational Improvement from the International
Association for Contract and Commercial Management (IACCM) for
boldly and rapidly transforming its cloud computing contract
process – an achievement that significantly improved the company's
ability to quickly serve cloud computing clients around the
world.
"It's ironic that cloud computing represents a faster and more
innovative approach to doing business, yet lengthy and complex
cloud business contracts from most vendors remain an obstacle,"
said Neil Abrams, IBM Vice President
and Assistant General Counsel. "By dramatically simplifying and
accelerating how clients contract for cloud services, IBM is making
it easier and faster for companies to reap the benefits of
cloud."
The award-winning operational improvement was achieved over the
course of two months by a small team, and deployed globally for all
of IBM's cloud offerings. IBM's cloud services business and clients
quickly benefited from the substantially simplified cloud
contracting procedure. Clients have embraced IBM's new and
innovative two-page cloud services agreement, which is easy to
navigate and understand, dramatically reducing the time required to
close a deal and for clients to enjoy the benefits of cloud.
IBM is the global leader in cloud computing with a diverse
portfolio of open cloud solutions designed to enable clients for
the hybrid cloud era with integration, control over data and
expertise. IBM has helped more than 30,000 cloud clients around the
world. Today, IBM has more than 100 cloud SaaS solutions, thousands
of cloud experts with deep industry knowledge from helping clients
transform, and a growing global network of cloud data centers.
Since 2007, IBM has invested more than $7
billion in 17 acquisitions to accelerate its cloud
initiatives. IBM holds more than 1,560 cloud patents focused on
driving innovation. IBM processes more than 5.5 million client
transactions daily through IBM's public cloud.
About IACCM
The International Association for Contract
& Commercial Management enables both public and private sector
organizations and professionals to achieve world-class standards in
their contracting and relationship management process and skills.
With 30,840 members across 158 countries and 12,439 corporations,
IACCM is leading the way in responding to the demands of global
networked markets.
CONTACT:
Chris Andrews
914-499-4045
candrews@us.ibm.com
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SOURCE IBM