Our client wanted to centralize the contract management process within the ‘procure to pay’ function to standardize and automate processes, reduce turnaround time, and effectively manage risks arising from the process.
Client : A Fortune 50 Healthcare Multinational
Service Offered : Contract Management
Sector / Industry : Healthcare
Our client wanted to centralize the contract management process within the ‘procure to pay’ function to standardize and automate processes, reduce turnaround time, and effectively manage risks arising from the process.
Our contract management solution helped the client achieve a 60% reduction in average end-to-end contracting cycle time and significantly reduced the time spent by the in-house legal team on routine issues. Through the solution, we managed to minimize commercial and legal risks from non-standard contractual terms while providing better controls and oversight. Overall, we ensured seamless support to multiple business groups across geographies, time zones, and jurisdictions for our client.
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