Case Study: Leading Oil & Gas Supermajor Company achieves 12,000 hours saved and reduced contract cycle time with Pegasystems

Reducing contract cycle time while improving productivity and reducing costs

One of the world’s largest integrated oil & gas supermajors faced slow contract cycle times and heavy reliance on manual updates to cope with shifting global and local policies. Poorly integrated ERPs, contract content systems and homegrown tools obscured visibility into contracting processes, reduced productivity, and drove up costs.

Pega delivered a Contract Lifecycle Management solution in 14 weeks, giving ~3,500 procurement users dashboards, self-service reporting, and configurable process and rule management so procurement can make changes without IT. The automation is expected to save about 12,000 hours annually, enable up to $2M in value creation, and deliver $750K in cost reduction plus $500K in cost avoidance, while decommissioning legacy systems and improving SLA reporting and compliance.