Case Study: Sandoz achieves 87% faster contract drafting with ContractWorks CLM

Sandoz - Customer Case Study

Sandoz, a global leader in generic pharmaceuticals and biosimilars, was managing more than 600 legal documents each month and over 8,000 contracts annually, with contract managers spending about 30 minutes per document. To improve the drafting of service, sponsorship, and healthcare practitioner documents, Sandoz turned to ContractWorks CLM.

ContractWorks implemented an integrated contract management and automation solution, including auditing the workflow, demoing the software, passing IT security review, and training the Legal Department. As a result, drafting time fell to 3 minutes and 55 seconds, productivity increased by 87%, and ContractWorks helped Sandoz save the equivalent of two person-years of work and an estimated $313,200 per year while reducing human error and speeding documents to e-signature.

Sandoz