Case Study: Eureka Forbes cuts contract execution from days to minutes with SpotDraft

Eureka Forbes slashes contract time by 90% with SpotDraft

Eureka Forbes, a leading consumer durables company in India, faced significant bottlenecks in its legal operations. The company was managing a massive volume of vendor, sales, and service agreements through manual methods, which resulted in a backlog of over 2,000 contracts waiting for signatures. This slow, inefficient process stalled business operations and prevented the legal team from acting as a strategic partner. To address these challenges, General Counsel Anindya Majumdar turned to SpotDraft for a solution.

By implementing SpotDraft's legal operating system, Eureka Forbes automated its contract workflows. The solution provided a one-click signature process, migrated and digitized over 4,000 legacy agreements into a searchable repository, and enabled natural language search. As a result, contract execution time was slashed from 3-5 days to just minutes or hours, clearing 90% of the signature backlog. SpotDraft provided a single source of truth for all contracts, allowing the legal team to instantly respond to audits and extract actionable insights from their contract data.

Eureka Forbes