IBM Radically Simplifies Cloud Computing Contracts
Receives Industry Award for Slashing Complexity and Boosting Speed of Signing Cloud Agreements
ARMONK, N.Y. - 18 Dec 2014: 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.
“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.
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