Contract Lifecycle management (CLM)

// Contract Lifecycle Management (CLM)

Streamline contract development and approval for a growing biosimilars company

Business Need
Business Need

Objective
Objective

Stakeholders
Stakeholders

Approach
Approach

Results
Results

Business Need

  • Reduce time and effort for vendor onboarding and contracting
  • Facilitate collaboration between managers and corporate counsel

Objective

  • Implement cloud Agiloft Contracthosted  Management Suite
  • Migrate existing contracts
  • Training and support

Stakeholders

  • Department leads
  • Finance
  • Corporate Counsel
  • Information technology

    • Approach

    • Defined process for template based contract development
    • Metadata for contract management, reporting and tracking
    • Use cases for contract approval based on type, amount and hierarchy
    • Imported existing contracts from legacy system

    Result

    • System implemented in less than two months.
    • SSO – Same Sign On, using Centrify.
    • Electronic signature using DocuSign.