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Manual handling of contract workflows (creation, renewal, negotiation) with disparate documentation formats, lack of centralized repository for contract storage, inefficient data extraction from supplier documents (especially tabular SLA terms), limited collaboration capabilities between stakeholders, and absence of automated alerts for critical contract milestones.
US-based tech consulting firm specializing in IT sourcing projects and contract management solutions for global corporate clients
Streamlined contract processing with 70% reduction in manual data entry, improved compliance through automated milestone tracking, enhanced negotiation efficiency via version comparison tools, and centralized contract visibility for stakeholders, resulting in faster contract cycles and reduced operational risks.