6 CONCLUSIONS AND FURTHER
WORK
“According to 42% of enterprises in a new study the
top driver for improvements in the management of
contracts is the pressure to better assess and mitigate
risks” (Anon, 2007). With our approach, a first step
in this direction is taken, as the risk of overseeing
obligations and contracts affected by events
(business, acts of god or man-made) can be
minimized.
With the help of the SERO prototype the
feasibility can be (and has been) demonstrated that
obligations and contracts, triggered by business
events, can be identified automatically and thus,
contract management can be improved significantly.
Our approach will be used and further developed
in the APPRIS project. The functionality of SERO
will be used to detect warning signals based on risk
indicators related to events in order to address the
contract management risk.
Technologically, SERO will be improved with
respect to instance management. Whereas at present
the ontology is not yet physically linked to the
contract documents stored in a Contract
Management System, in the next version of SERO
instances of ArchiMEO will be related to entities of
of a CMS’s database via Direct Mapping.
Currently, all background information is fully
stored in ArchiMEO. In the future, Linked Open
Data sources like GeoNames will be integrated. The
GeoNames geographical database for example
covers all countries, and contains over eight million
place names (Wick n.d.). Also promising is the Open
Government Data initiative in Switzerland
(opendata.ch) with respect to integrating business
administration issues like laws and regulations.
Research will focus on how these sources can be
truly integrated into ArchiMEO instead of simply
mashing them up and displaying them alongside
each other (Bizer et al., 2009).
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