Case Studies

Pharmaceutical Leader Saves Millions

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Pharmaceutical Leader's Unified Contracting Leads to Significant Savings B U S I N E S S C H A L L E N G E The company had a homegrown system that managed contract requests and final document storage, but the contracts creation process was not fully automated. The contract repository didn't integrate with the company's diverse IT ecosystem, so it was difficult for users to quickly access the right information. Without full visibility of the end-to-end process, tracking contract status and ensuring process compliance were a challenge. The rapidly changing organization needed an agile, adaptable solution that was easy to configure and quick to deploy. O B J E C T I V E Create an end-to-end contract management solution that will integrate with the current IT infrastructure, increase compliance and adapt as business needs change. H I G H L I G H T S • 60,000 contracts getting managed • Contracts created 4x faster, saving hundreds of millions of dollars • Better compliance with sourcing agreements and less maverick contracting • Vendor portal allows third parties secure, controlled access to documents through the cloud A global pharmaceutical leader was using a fragmented, partially automated contract management system that was challenging to use and difficult to govern. The company adopted the Icertis platform to create a unified end-to-end system that integrates with its existing IT infrastructure. The improved visibility means the organization can better leverage all types of agreements and lower costs. The Icertis platform provided high ROI through a cloud-based deployment that didn't require expensive changes to the existing IT ecosystem. C O M P A N Y P R O F I L E A global pharmaceutical company that's a conglomerate of 750 legal entities spread across three major business lines: pharmaceutical, consumer and medical devices.

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