The manufacturing industry requires strict adherence to timelines for driving profitability. Using traditional and manual ways of Contract Lifecycle Management (CLM) like physical scanning of contracts and storing in SharePoint can increase the time taken for contract execution by 10 times. This can cause brutal financial hits and create process complexities. A leading medical equipment manufacturing company encountered many such challenges before they resorted to a more modern way of CLM – CLM software and its implementation.
Which market did this company cater to? What were the company’s pain areas? How was the company’s experience while adapting to the CLM platform?
These questions are answered in this case study – download below!