Learn how a global leader in the medical device industry partnered with Execo to modernize their contract management process. By implementing a customized contract lifecycle management (CLM) solution, Execo helps streamline workflows, reduce delays, and improve collaboration across the organization, and Medical Devices Co. It was positioned for future growth and work efficiency.
Note: In this case study, client names have been anonymised to maintain confidentiality.
issues
Medical Devices managed contracts manually, leading to significant inefficiency. All contracts required lengthy adjustments and manual approval workflows, leading to delays in execution. Reliance on paper-based signatures further slowed the process, and the lack of a centralized system prevented collaboration with internal and external stakeholders.
The company's supply chain team needed a solution that could not only automate contract management for contracts such as supplier agreements, machine purchase agreements, and consultancy agreements, but also seamlessly integrate with future CRM and ERP systems to ensure scalability for long-term growth.
solutions
Execo introduced ContractPodAI to modernize medical devices' contract management. The team customized the platform to address key challenges, such as creating templates for different contract types, streamlining approval workflows, and integrating Adobe Sign for electronic signatures. By automating these processes, Execo reduced delivery times and reduced manual errors.
Designed with future scalability in mind, the solution allows seamless integration with CRM and ERP systems, and Medical Devices Co. You can prepare for long-term business success.
Implementation results
With the introduction of Execo's ContractPodAI, contract management at Medical Devices has completely changed. Contract turnaround times were shortened by automating workflows, and the contract creation process was streamlined by creating dedicated templates. By moving to electronic signatures, the company eliminated delays and mistakes associated with manual signatures.
Internal collaboration has been greatly improved, and stakeholders can now track contract status in real time. Medical Devices Co. With a system designed for future integration, we are now in place to expand operations and seamlessly integrate other business systems.
