Implementation of a Contract Lifecycle Management (CLM) System
sourcing connections digital trandormation 2 b46efe91
25%Reduction in contract negotiation and approval time
50%Improvement in contract compliance monitoring capabilities
1,500Contracts migrated to a centralized contract repository

Company Overview

About

Government organization in the energy sector, with outdated procurement systems, a non-standard, slow sourcing process, and an inability to track contract compliance

Industry

Low-carbon electricity generator

Challenge

The organization faced prolonged contract negotiations and drafting processes, which delayed the timely delivery of goods and services. Additionally, the absence of a centralized contract repository made it difficult to track and measure compliance with contract terms.

Results

01

Workflow developed for contract template selection based on contract value and category of purchase to ensure appropriate contract template is selected

02

All existing contracts migrated to SAP Ariba, and new contracts created directly in SAP Ariba

03

Milestones (e.g. contract renewal, key deliverables) built into the system, with reminders

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Designed & developed by

Lemontree.studio