Fortune 500 Specialty Pharmaceutical Company with several pharma suppliers.
This specialty pharma company has many suppliers and special contracts for each one of the specialty drugs. The number of contracts are more than 10,000 and includes MSA, SOWs, NDA and Amendments.
There are several pain points for this client:
The SCA platform has readily built adapters to connect to common cloud storages such as Drop box, Box, SharePoint etc using which we could import the legacy contracts, extract meta data and digitize the contracts. Further we could migrate the digitized contracts and meta data to a newly deployed CLM system and brought in visibility of contractual terms, risks and obligations. The legacy contracts were in unsearchable PDF, scanned images and other formats from where the SCA tool was able to perform OCR to extract the metadata and clauses.
To understand how Smart Contract Analytics can help you reduce your day to day contractual pain points and save your time, resources and money.