Case Study: MMB Velbert achieves 20% lower contract costs and 25% more accurate planning with ContractHero

MMB Velbert cuts contract costs by 20% with ContractHero

MMB Velbert, a German manufacturer of special-purpose machines and assembly systems, faced significant challenges with its decentralized and manual contract management. With contracts stored in physical folders and error-prone Excel lists, the company lacked a clear overview, struggled with deadline control, and had no financial transparency for liquidity planning. To address this, they implemented the contract management software ContractHero.

ContractHero provided a centralized, cloud-based platform to digitally manage over 570 contracts. The solution automated deadline monitoring, extracted key data using AI analysis, and was deeply integrated with Power BI for real-time reporting. This allowed MMB to renegotiate or terminate unnecessary contracts, resulting in a 20% reduction in contract costs. The integration also led to 25% more accurate liquidity planning and a 30% decrease in administrative work, transforming contract management into a strategic tool.

MMB Velbert