Case Study: Fortune 500 Food and Beverage Company achieves faster, more efficient contract lifecycle management with Newgen Software

End-to-end Contract Lifecycle Management for a Fortune 500 Food and Beverage Company

A Fortune 500 Food and Beverage Company was struggling with slow, manual contract creation and management, limited visibility into contract status, and no centralized way to store templates, clauses, and documents. To address these challenges and reduce legal, procurement, and compliance risk, it partnered with Newgen Software for end-to-end contract lifecycle management.

Newgen Software implemented a contract lifecycle management solution to automate the full process from initiation and drafting to negotiation, execution, renewal, and expiry. The result was faster contract processing, standardized workflows, improved transparency and accountability, and better compliance; the rollout supported 100+ users across multiple regions, integrated with SAP ERP, and managed 600+ contracts and 350+ templates.