The company has received an industry award for slashing complexity and boosting speed of signing cloud agreements.
IBM has announced that it has 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.