Learn how a global leader in the medical devices industry partnered with Execo to modernize their contract management process. By implementing a customized Contract Lifecycle Management (CLM) solution, Execo helped streamline workflows, reduce delays, and improve collaboration across the organization, positioning Medical Devices Co for future growth and operational efficiency.
Note: The client’s name has been anonymized in this case study to protect their confidentiality.
Problem
Medical Devices Co. managed contracts manually, which led to significant inefficiencies. All agreements, required time-consuming adjustments and manual approval workflows, causing delays in execution. The reliance on paper-based signatures further slowed the process, while the lack of a centralized system hindered collaboration with both internal and external stakeholders.
The company’s supply chain team needed a solution that could not only automate contract management for agreements like supplier agreements, machine purchase agreements, and consultancy agreements, but also integrate seamlessly with future CRM and ERP systems, ensuring scalability for long-term growth.
Solution
Execo implemented ContractPodAi to modernize Medical Devices Co.’s contract management. The team customized the platform to address key pain points, including creating tailored templates for different contract types, streamlining approval workflows, and integrating Adobe Sign for electronic signatures. By automating these processes, Execo ensured faster turnaround times and reduced manual errors.
The solution was designed with future scalability in mind, enabling seamless integration with CRM and ERP systems, ensuring Medical Devices Co. is equipped for long-term operational success.
Results
Execo’s implementation of ContractPodAi transformed Medical Devices Co.’s contract management. Automated workflows reduced contract turnaround times, while the creation of specialized templates streamlined the contract creation process. By shifting to electronic signatures, the company eliminated delays and errors associated with manual signing.
Internal collaboration improved significantly, allowing stakeholders to track contract status in real-time. With the system designed for future integration, Medical Devices Co. is now well-positioned to scale its operations and seamlessly integrate additional business systems.
