Case Study: Sevita achieves better contract oversight and savings with Concord

Sevita saves many hours each week with Concord

Sevita, a large company with over thirty thousand employees, faced significant challenges due to a lack of a standardized contract management process. Without centralized oversight, they experienced compliance issues, financial losses from missed renewals, and audit difficulties. They turned to the vendor Concord for its contract lifecycle management system to solve these problems.

Concord provided a flexible, AI-native platform with built-in e-signature and real-time editing features. The solution gave Sevita company-wide oversight, saving many hours of work each week and preventing contract overpayments. According to their Associate General Counsel, they have not paid out on a contract meant for termination since implementation, highlighting concrete financial savings and improved deadline tracking.

Sevita