A Global Financial Services Network Streamlines its Contract Operations with Ultria AI-powered CLM

About the Company:

A Fortune-500 company that connects institutional and individual clients to global markets through its global financial services network. The company’s heritage dates to the 1920s.

The Challenge:

The company’s contracting operations faced many challenges such as scattered contracts, a slow contract initiation and management process, and many third-party papers coming from all over the world.

Ultria Solution:

Ultria helped them migrate over 2,300 legacy contracts to CLM, streamlined their contract creation process, and provided a secure repository for all their active and expired contracts.

The Results:

Post-CLM implementation, the company has scaled its user adoption with over 500 user accounts. Within 11 months of implementation, the company has authored over 500 contracts and amendments. In total, 3,800 contracts are stored in centralized cloud storage.

To learn about the customer’s Contract Management Transformation journey, please download the case study.

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