Optimizing contract management for a leading technology services company
Tech Co., a mid-sized technology services company with a global customer base Learn how they partnered with Execo to transform contract management. Through customized contract lifecycle management (CLM) solutions, Execo is working with Tech Co. We've helped automate workflows, improve visibility, and strengthen compliance, making it possible to achieve scalable and sustainable growth.
Tech Co., a mid-sized technology services company with a global customer base We will introduce how they collaborated with ALYTHRIX to achieve contract management transformation. Through customized contract lifecycle management (CLM) solutions, ALYTHRIX is Tech Co. It helped automate workflows, improve visibility, and strengthen compliance, and achieved scalable and sustainable growth
Note: In this case study, client names have been anonymised to protect confidentiality.
problems
Tech Co. was faced with several key challenges in contract management. Tech Co. specializes in IT infrastructure, digital transformation, and software development, and needed to simplify MSA, SOW, and DPA processing. The contract creation, review, and approval process lacked automation, creating bottlenecks and impacting productivity. Additionally, visibility into contract workflows and approvals was limited, causing inefficiencies and delays in operations
Searching for executed contracts was also very tedious, and they were distributed across temporary storage locations (such as email inboxes or local drives), making it difficult to manage important contract obligations. Additionally, it was difficult to keep track of important dates such as contract renewals and deadlines, increasing the risk of non-compliance.
These challenges were further complicated by the sheer number of contracts and the need to comply with different laws, regulations and standards from region to region. Addressing these multifaceted challenges requires highly customized strategic solutions. It was necessary to maintain consistency and accuracy at every stage of the contract lifecycle by ensuring compliance across jurisdictions, automating document processing, and centralizing contract management
solutions
To address these challenges, ALYTHRIX introduced the ContractPodAI CLM platform and Tech Co. The contract lifecycle has been automated and systematized. The solution seamlessly integrates with Salesforce, enables sales-led contract creation, and enables MSA, SOW, and DPA template management. Automated workflows have enabled smooth approvals and negotiations, and features such as electronic signatures and single sign-on (SSO) have improved security and efficiency.
Furthermore, we have built a central contract repository and all parties have unified access to ensure proper storage, tracking, and management of contracts. ALYTHRIX is Tech Co. The implementation plan was customized to suit existing processes, minimized the impact on operations, and enabled a smooth transition.
Also, this solution is Tech Co. It is designed to integrate contract templates and automated amendment workflows tailored to the specific needs of Additionally, Tech Co. By complying with the financial approval process, compliance risks were reduced and the contract approval process was accelerated
upshot
Tech Co. has achieved significant and measurable improvements in key business areas such as contract efficiency, compliance management, and cross-team collaboration. Automation has reduced the time required for contract approval and has greatly improved overall work efficiency.
The introduction of a central contract repository has improved visibility, making it easier for sales and legal teams to access the latest contracts and track key due dates. This has reduced the risk of overlooking contractual obligations.
Additionally, compliance has been strengthened through the introduction of an automated approval matrix, and all contracts are Tech Co. It was ensured that it would be properly reviewed in accordance with internal policies. Thanks to the Salesforce integration, sales teams can now create contracts directly from business opportunities, shortening the time between estimating and closing contracts, and improving the speed at which deals are closed. Overall, the introduction of ContractPodAI CLM was introduced by Tech Co. It brought about changes in contract management, and realized faster operations, improved transparency, and enhanced compliance