Case Study: Large Public Pension Company achieves centralized, accurate contract management with Ecteon

Large Public Pension Fund Selects Ecteon to Resolve Business Risks

Large Public Pension Company, which administers one of the largest public employee pension systems in the United States, faced growing business risk from contracts stored in disparate locations that undermined document accuracy and operational efficiency. The organization engaged Ecteon and its Contraxx contract lifecycle management solution to centralize contract information and remediate those risks.

Ecteon delivered a fully installed Contraxx solution in two weeks, providing a customized interface, a complex four-level approval workflow, inventory-tracking, tools to manage more than a dozen reports, and comprehensive system training. Ecteon’s phased approach — adding remaining contract types, expanding workflows to other departments, and beginning a language clause library — enabled the fund’s IT department to begin effectively managing maintenance contracts and materially reduce contract-related risk.