Case Studies

Chemonics case study

Issue link: https://resources.icertis.com/i/1121791

Contents of this Issue

Navigation

Page 0 of 1

Chemonics Streamlines Global Business with an Easy-to-Use Contract Management Platform Chemonics helps countries respond to change and mobilize their resources, ensuring the successful implementation of development projects. B U S I N E S S C H A L L E N G E Chemonics works with partners and government agencies in more than 35 countries–each with unique contractual needs. As a result, Chemonics' business units were investing an inordinate amount of time requesting, creating, and negotiating contracts, some of them hundreds of pages long. The shortcomings in their contract management system were evident. Customer Relationship Management (CRM) and Enterprise Resource Planning (ERP) systems didn't share critical information with the contract management system on funding, budgets or invoicing. Inaccurate reports made it difficult to comply with ever-changing regulations. Not surprisingly, administrative costs were high, and contract cycle times were slow. Chemonics needed every user, regardless of their location, to be able to easily create a wide range of contracts, with greater speed and efficiency. O B J E C T I V E An easy-to-use system to meet the needs of a diverse user base in developing economies. H I G H L I G H T S • 50% reduction in contract turnaround time • 50% reduction in contract administration costs • 100% visibility into all contracts and legal terms • Integration into legacy ERP and CRM systems Icertis helped Chemonics manage a complex network of partners while providing greater control and flexibility over the entire contracting process.

Articles in this issue

view archives of Case Studies - Chemonics case study