Managing contracts is an important yet tedious procedure for any organisation. From creation to negotiation, execution and auditing, contract management is a key step in any business process as it maximises profits and minimises financial risks.
Before getting on board with Icertis, a global healthcare company that oversees pharmaceutical, consumer, and medical device businesses, has long been using a homegrown contract management system that documents contracts. The problem? The creation process was not fully automated, making it difficult to quickly access and track contract statuses.
Enter cloud-based contract lifecycle management provider Icertis, which leveraged its Icertis Contract Management (ICM) platform to make their contract management process more efficient. ICM provides an end-to-end process with innovative features, which has since been integrated with the healthcare company’s existing IT infrastructure.