Case Study: Leading Semiconductor Manufacturer optimizes contract value and streamlines contract management with Corcentric CLM

Semiconductor Manufacturer Optimizes Contract Value With Corcentric Contract Lifecyle Management

Leading Semiconductor Manufacturer, which manages roughly 500 procurement and sales contracts a year and a repository of more than 2,500 contracts, needed a way to optimize contract value and stop being reactive to renewals. The company selected Corcentric and its Corcentric CLM solution to replace an unsearchable, PDF‑based repository and address cross‑functional needs across procurement, sales, legal, and customer service.

Corcentric implemented its SaaS Corcentric CLM with OCR to make paper contracts searchable, role‑based access and permissions, and automated renewal alerts to improve compliance and negotiation timing. The solution reduced IT overhead, enabled monitoring of dual customer/vendor relationships, and delivered a demonstrable ROI by unlocking contract data for reporting, auditing, and governance—helping the company better manage obligations and improve negotiating positions.