Case Study: National Networking Company achieves 50% reduction in contract cycle times and 55% increase in contract compliance with Corcentric CLM

National Networking Company Simplifies and Streamlines Contract Management with Corcentric

National Networking Company, a leading supplier of networking solutions experiencing record revenue growth, faced a surge in contract volume and relied on slow, paper-based approval, access, and reporting processes. To streamline these pain points the company implemented Corcentric CLM, seeking a user-friendly solution that would automate existing workflows rather than force wholesale process changes.

Corcentric deployed its CLM to digitalize the contract repository, automate approval matrices with concurrent routing and email reminders, enable scanned and multi-format ingestion, and provide granular, auditable access and faster reporting. As a result of Corcentric’s solution the company achieved a 100% digital contract lifecycle, cut contract cycle times by 50%, improved contract compliance by 55%, and freed legal staff to focus on higher-value work.