Case Study: Panasonic Automotive saves three weeks building an RFP process with Spellbook

Panasonic Automotive saves 3 weeks building an RFP process with Spellbook

Panasonic Automotive, a manufacturer of automotive technology, faced significant inefficiencies in its legal operations. Their small North American team manually reviewed all contracts, with standard clauses buried in hard-to-navigate template documents on a shared drive. This process was so time-consuming that a single agreement could take three days to review, causing the team to miss strategic opportunities and delay important projects like creating a formal outside counsel RFP process. They turned to the vendor Spellbook and its Spellbook Associate product to address these challenges.

By implementing Spellbook, the team automated key tasks. They used Spellbook Associate to build Playbooks for standard contract language, instantly generate summaries and redlines, and even compare complex documents. This allowed them to tackle major projects efficiently; for instance, building a formal RFP process was completed in four days instead of an estimated three weeks. The solution saved considerable time, turning a 20-minute contract summarization task into a two-minute one, and the updated outside counsel guidelines enforced cost savings. The efficiencies were so notable that they contributed to a promotion for one team member, and Spellbook is now being rolled out to more staff.

Panasonic Automotive