Case Study: Global Pharmaceutical Company achieves unified contracting and significant savings with Icertis Contract Management

Pharmaceutical Leader’s Unified Contracting Leads to Significant Savings

A global pharmaceutical company made up of 750 legal entities across pharmaceuticals, consumer and medical devices was hampered by a fragmented, partially automated, homegrown contract system that didn’t integrate with its diverse IT ecosystem. The lack of end-to-end visibility made it hard to track status, enforce compliance and prevent maverick contracting, and the business needed an agile, easy-to-configure solution that could deploy quickly without major IT changes.

By deploying Icertis Contract Management on Microsoft Azure, the company established a unified, cloud-hosted end-to-end contracting platform that integrates with existing systems and provides a consolidated view of 60,000 contracts. Contracts are now created four times faster and typically execute in about 20 days (versus 25–30 days previously), improving compliance, reducing maverick spend via sourcing agreements and vendor portals, and delivering hundreds of millions in savings with a high ROI from a low-cost, easy-to-deploy cloud solution.