Case Study: a state-owned lottery company streamlines contract approvals with Lexagle

State-Owned Lottery Company Streamlines Complex Contract Management Processes with Lexagle

A state-owned lottery company based in Southeast Asia was facing challenges with its complex and manual contract management processes. These processes, which involved generating contracts from templates and obtaining multiple internal approvals, were slow and lacked proper audit trails. Seeking a solution, the company engaged Lexagle to digitize and automate its workflows to improve efficiency and compliance.

By implementing its contract management platform, Lexagle digitized the company's templates and automated the approval gathering process. This allowed business units to generate their own compliant contracts in minutes. The solution led to significant improvements, including an over 80% reduction in contract generation time and slashing the average approval process from 12 days to under two days. Lexagle helped the company achieve a 40% reduction in its overall contract lifecycle duration and projected annual cost savings of $500,000.