CASE STUDY Global Healthcare Company | United States
Healthcare Company Transforms Supply Chain and Streamlines Contracts Process With Advanced CLM, Reduces Costs by 5%
Client Need
- Address inefficiencies in the contracts creation process
- Transition from outdated Contract Lifecycle Management (CLM) spreadsheets, applications, and manual processes.
- Reduce delays in finalizing agreements with suppliers.
- Implement advanced CLM technology
Client Solutions
- Assess and address manual contracts processes.
- Implement a phased, customized CLM solution for buy-side contracts.
- Track information through each stage of contracts development.
- Engage a CLM contracts facilitator to prioritize user experience.
- Mitigate adoption risks and automate new distributor onboarding processes.
- Migrate thousands of contracts and digitize the supply chain.
- Increase ROI and provide business intelligence to executives.
Why Epiq
- Dedicated Contracts Solutions team.
- Performed over 275 global CLM implementations.
- Trained 100,000 CLM users.
- Migrated more than 10 million contracts.
Results and Benefits
Configuring 15 agreement contracts.
Automating 20 validations and workflows.
Migration of 25,000 legacy contracts.
Completion of phase one in 14 weeks.