Case Study: Global Healthcare Company transforms supply chain and cuts costs with Epiq CLM implementation

Healthcare Company Transforms Supply Chain and Streamlines Contracts Process With Advanced CLM, Reduces Costs by 5%

The customer, a global healthcare company, was facing significant inefficiencies in its contracts creation process. It relied on outdated spreadsheets, manual methods, and disparate applications for its Contract Lifecycle Management (CLM), which caused delays in finalizing supplier agreements. To address this, the company partnered with Epiq for an advanced CLM implementation.

Epiq assessed the manual processes and implemented a phased, customized CLM solution. This involved migrating 25,000 legacy contracts, automating validations and workflows, and digitizing the supply chain. As a result of the solution provided by Epiq, the company streamlined its contracts process, reduced costs by 5%, and provided valuable business intelligence to its executives.