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Distributor + Icertis case study

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Distribution Company Upgrades Outdated Contract Management System into a Platform for Business Velocity A leading provider of the indirect materials used in manufacturing operations for hundreds of brands across the globe. B U S I N E S S C H A L L E N G E This materials distribution company's contract management system was holding the enterprise back. The outdated system was based on manual processes, and completed contracts were stored on servers and desktops throughout the organization. The company lacked a formal contract approval process, meaning there were no safeguards in place to prevent individuals from making commitments that went against policy or company strategy. With poor visibility into supplier contracts, it was impossible to know when they were approaching a threshold that qualified the company for a rebate. In short, inefficiencies plagued every stage of the contract lifecycle. The company urgently needed to upgrade their system, and set an aggressive schedule to choose a new solution and get it up and running. O B J E C T I V E A new contract management system providing vast improvements in visibility and control over vendor agreements. H I G H L I G H T S • Enhanced reporting and analytics capabilities • Cycle time for standard contracts reduced from five days to just minutes • Improved cashflow by streamlining the approval process • Real-time visibility into the interdependent relationships between supplier contracts After researching a wide range of solutions, the company chose the Icertis Contract Management (ICM) platform. The results exceeded their expectations. C O M PA N Y P R O F I L E

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