Issue
Leading Global Application Software Development and Services Organization maintains a significant number of agreements, certain provisions of which must be monitored and tracked to facilitate business operations.
Solution
The initial project involved abstraction of over 60 fields from multi-lingual contracts related to software licensing and various other services provided by our client. We have continued to abstract the client’s contracts on an ongoing basis.
Benefits & Outcomes
- Our ongoing work saves the client ~55% annually.
- Managed Services approach frees up client's legal resources.
- Improved tracking and monitoring of client’s agreements through abstraction efforts and playbook creation
- Abstracted contracts in French, Spanish, Portuguese, Italian, German, Japanese and Dutch.
