The client sought a partner to centralize the contract management process within the procure to pay function. This included process standardization, reduction in turnaround time, process automation, and risk management.
Client : A Fortune 500 healthcare company
Service Offered : Contract Management Services
Sector / Industry : Healthcare
The client sought a partner to centralize the contract management process within the procure to pay function. This included process standardization, reduction in turnaround time, process automation, and risk management.
Nexdigm developed a multi-geography solution for the North American and EMEA regions while setting up an offshore delivery center.
We helped make the transition from a person dependent to process dependent model. We also achieved a 50% reduction in average end-to-end contracting cycle time, a 40% reduction in time spent by the in-house legal team and 25% time saving in preparing contracts.
We also created a process automation solution that minimized commercial and legal risk from non-standard contractual terms leading to better control and oversight of the entire process.
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Reach out to us at ThinkNext@nexdigm.com