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For Finance

Reduce operating costs, mitigate risk and ensure compliance

Publicly traded pharmaceutical corporation

icon_check_circle 40% lower support costs

icon_check_circle $3M annual savings

A pharma leader with over $13 billion in revenue, the corporation looked to ContractRoom better manage their financial performance in contracting. The corporation used ContractRoom to fully digitize both contract content and. By doing so, the company streamlined operations to reduce support costs by 40%, improve efficiency and quality by 30% and netted over $3 million in annual savings.

  • Automate and enforce all required financial approvals.
  • Centralize purchase, sales, and legal contracts in one secure and auditable solution.
  • Receive real-time alerts when proposed business terms exceed preset thresholds.
  • Automate and enforce exception escalations, approval and reporting.
  • Eliminate risk of errors by controlling business term ‘tagging’ and integrating data feeds into financial systems.
  • Enforce budget compliance with greater control over the entire sales and procurement contracting process.
  • Utilize contracting data to report, analyze, control and manage across all contract types, all terms and all contracting processes.
  • Alert proactively for such things as key contract dates, “in flight” term review, compliance confirmation or renegotiation. 
  • Integrate advanced Contract Management into your existing LegalTech systems.

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