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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

Leading Food Services Company Streamlines Contract and Legal Requests with CloudMoyo ContractLync App

In the complex ecosystem of an enterprise organization spanning multiple departments, like the food industry, efficient contract management is paramount. Our customer, a leading food services company in Canada, encountered significant challenges here before engaging with CloudMoyo. Prior to our team working with this customer, they struggled with labor-intensive methods of creating contracts and managing […]

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Blogs

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[Download] Navigating from Data to AI with Snowflake

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Videos

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In this exclusive podcast, Sanket Saraph, Director of Analytics and Data Science at CloudMoyo delves into the dynamic trio of Snowflake services reshaping the data landscape for companies that want to move from just managing their data to infusing AI. Join Sanket Saraph in a conversation about: Snowflake Data Cloud for Data Mesh: Dive deep […]

Read more November 29, 2023
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Webinars

Unleash the Power of Snowflake on Azure

Snowflake is a data warehouse that has seamless integrations with the Azure Data Factory – a cloud-based integration service that provides a unified platform for connecting data sources, processing data, and monitoring data pipelines.   The integration between Snowflake and Azure allows organizations to take advantage of the cloud, connect disparate data sources, and make sense of that […]

Register Now September 26, 2023
Blogs

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Read more September 15, 2023
Blogs

Contract Analytics 101: Advanced Insights & AI

Many enterprises have contracts sitting in various repositories, file shares, and servers with key terms and data buried in their text or in Contract Lifecycle Management (CLM) platform. Statements of work, indemnifications, assignment terms, revenue recognition policies, auto-renewals, and unknown incentives are a few examples of contract information that add risk and impact liabilities. Since […]

Read more September 13, 2023