Case Study: Klein Tools achieves faster contract approvals and better visibility with Agiloft CLM

Klein Tools cuts contract approval from 2-3 days to minutes with Agiloft

Klein Tools, a major manufacturer, faced severe inefficiencies in its legal department, which was mandated to review approximately 5,000 contracts monthly with only three attorneys. Without a centralized system, manual processes led to slow approvals, lack of transparency, and significant financial liabilities from untracked auto-renewals. To address this, the company turned to vendor Agiloft to implement its Contract Lifecycle Management (CLM) system.

Agiloft provided a flexible, easy-to-use CLM platform that Klein Tools implemented in phases. Key features like auto-population of contracts and customized workflows drastically cut approval times, from days down to minutes for standard agreements like NDAs. The solution created a central contract repository, giving company-wide visibility, eliminating compliance risks, and empowering the internal team to manage the system with minimal ongoing vendor support.

Klein Tools

Melody Smith

Assistant General Counsel