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Contract Lifecycle Management Success Starts with Readiness

Managing 40,000 contracts on average is no small feat, especially when each agreement ties directly to supplier relationships, compliance obligations, and deal velocity. In fact, research shows that the average business loses nearly 9% of its value annually due to poor contract management. For one Fortune 500 food and beverage leader, contracts were the backbone of a $60B business operation across 300+ distribution centers.

But when their first attempt at Contract Lifecycle Management (CLM) fell flat, the consequences rippled across the organization. Icertis Contract Intelligence (ICI) platform went unused, a Master Service Agreement (MSA) model design was overly complex, slowing adoption, and integrations with SFDC and OpenText broke down, leaving critical data trapped in silos. Instead of reducing risk, inefficiency grew and frustration mounted.

That’s when the company partnered with CloudMoyo to take a step back and start where true transformation begins – CLM readiness. Through a focused discovery process, our team uncovered where the implementation had gone wrong and reimagined the approach with usability at its core.

Want to know how CloudMoyo turned a failed CLM investment into a foundation for long-term value?

Download the full case study!

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Customer success story

CloudMoyo Helps Retail and Food Giant Get Enterprise-Ready for Implementing ICI (Contract Lifecycle Management) Within their Organization

Realizing that the contract lifecycle management is a big investment, our client wanted get prepared thoroughly for the implementation to maximize the value. They wanted to focus on some less obvious yet critical areas to ensure smooth and seamless implementation experience. With an aim of making the CLM implementation less stressful and more valuable, the […]

Read more May 05, 2021
Blogs

Reducing Supply Chain Transportation Cost-Related Risks with Advanced Contract Analytics

Passenger and freight transportation exists within a complex, dynamic environment. Changes in customer demands, pricing volatility, tariffs, competition between shippers, customer expectations, and—most recently—impacts of a global pandemic, pose daily challenges for transportation companies like railroad, trucking, shipping, and marine. The need is to cut costs and maximize profits, and plan for an uncertain future […]

Read more May 05, 2021
Infographics

What is Azure Synapse?

As businesses and managers are becoming more reliant on data, they are demanding richer insights, faster agility, and more accurate analysis to inform business decisions. The challenges for many decision makers include becoming mature users of their data, as well as overcoming roadblocks such as data silos and data management difficulties.   Thus, we introduce Azure Synapse, a next evolution of Azure SQL Data Warehouse and a limitless analytics service that brings together enterprise data warehousing and Big […]

Read more March 30, 2021
Blogs

How We Modernized a Customer’s Data Warehouse Architecture Using Azure PaaS Service

Solutions for common challenges in lift and shift procedures   Every business has the need to report and conduct effective data analysis. Because of this, data warehousing is agnostic to any industry. This is primarily because it provides a central location where businesses can keep all information in one place and have a consolidated dashboard. But businesses using enterprise data warehouse hybrid architecture face constraints that cannot […]

Read more March 15, 2021
Customer success story

A Cloud-Based Deal Management System for One of the Largest Tech Firms Globally

CloudMoyo worked with the global company’s consulting and support services department to help them identify pain points in managing deals and contracts with their clients and subcontractors. The customer had an inefficient deal management system and a complex approval process, resulting in data redundancy, hidden costs, and a lack of integration with systems. CloudMoyo’s solution […]

Read more February 03, 2021
Blogs

6 Benefits of Accelerating Cloud Migration for Financial Services

In recent years, cloud adoption has gained pace across industries and has moved to the forefront of business transformation. This has never been more obvious than now, as the COVID-19 pandemic has accelerated cloud migration and the cloud infrastructure market growing by 25% in 2021 (Forrester). Cloud architecture is providing what many companies are looking […]

Read more January 26, 2021
Industry perspective

The Way Ahead: Maximizing Equipment Lifetime with Predictive Maintenance

The industrial manufacturing and production sectors have experienced a digital revolution recently. Facing growing volumes of enterprise data, companies in this sector are looking for creative solutions to put real-time, streaming data to use by obtaining actionable insights from it. Data modelling, IoT analytics, and predictive maintence analytics are allowing asset managers to stay ahead […]

Read more January 13, 2021
Blogs

Why Data Warehouse Modernization is a Key Component for Your Data Strategy

Rapid digitalization has contributed significantly to the exponential growth of created, captured, and consumed data. According to Statista, the global data sphere has expanded to 59 zettabytes in the year 2020. Given this immense growth, traditional data warehousing systems are insufficient for a modern enterprise and surfaces the need for data warehouse modernization. Taking a step back, […]

Read more January 06, 2021
Industry perspective

How Sales Teams in the Manufacturing Industry Leverage Power BI Sales Reporting and Dashboards to Drive Their Business Forward

For manufacturers, there is a need to constantly monitor live data from the factory floor in order to optimize their operations. They use business intelligence and interactive visualizations for data gathering and advanced analytics to enhance operational efficiencies. As a data visualization tool, Power BI gives business users actionable insights alongside the following benefits:        Improved efficiencies […]

Read more December 28, 2020
Industry perspective

Leveraging Microsoft Power BI in the AEC Industry to Automate Financial Functions

Construction has become a complex industry with massive and expensive projects, with data generated daily. Finance professionals in this industry often find the manual process of gathering and processing data for decision making tedious and time-consuming.   Owing to its ease of use through intuitive dashboards, Power BI is an extensively used tool for industries like the architecture, […]

Read more December 28, 2020
Blogs

How Cloud-Native App Development is Reshaping Businesses Today

The ‘digital transformation’ revolution across industries is succeeding in establishing a digital-first world. What does this look like? Organizations are migrating their infrastructure to the cloud in what has become a two-fold increase in the employment of managed cloud services in 2020 from 2018. Business leaders are hard at work to integrate IT and business together to […]

Read more December 28, 2020
Blogs

Top Data Visualization Best Practices You Should Follow

Have you ever struggled in drawing conclusions from hundreds of rows of information on a spreadsheet? As disruption and digitalization are omnipresent, data is increasing at an ever-growing speed—and so are your spreadsheets. Given these dynamics, it’s practically impossible for the human eyes to make inferences from trillions of data rows generated daily. As we […]

Read more December 27, 2020