Case Study: BNP Paribas achieves 84% faster contract processing with ContractWorks

BNP Paribas - Customer Case Study

BNP Paribas, a large financial institution, needed a more secure and flexible way to automate contract processing for supply agreements and MSAs. Before using ContractWorks, its legal operations team spent about 60 minutes on each document and required a scalable solution that could integrate with existing systems while supporting both simple and complex workflows.

ContractWorks implemented ContractWorks CLM to standardize and automate the processing of 12,000 procurement-related agreements, rolling it out in just two weeks. The result was an 84% reduction in processing time to 8 minutes and 40 seconds per document, saving more than 10,250 hours annually and an estimated $922,500, while also improving data security through SOC 2 certification, TLS 1.2+, and AES-256 encryption.

BNP Paribas