Case Study · Contract Lifecycle Management
Providing a cost-effective way to gain insight into contracts
Contract Lifecycle Management
Contract Clarity Out of Chaos
A top 10 hedge fund had a shared hard drive with over 40,000 active and expired vendor-side agreements and kept a manually updated spreadsheet for tracking the agreements. The contracts were difficult to search and did not provide any insights into contractual obligations. The company needed a cost-effective way to gain insight into their contracts, archive expired and terminated agreements and capture relevant contract metadata to load into a new contract life cycle management (CLM) software solution.
Morae transformed a chaotic contract warehouse into a structured agreement repository while providing search capabilities and actionable insights. The legal department is now proactive in contract management and a trusted business partner to drive company growth. Additionally, Morae’s flexible resourcing model and per document fee offered the client peace of mind that the project would be completed in 12 weeks and on budget.
Leveraging technology to reduce cost, shorten cycle times, and improve quality and stakeholder satisfaction
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