Case Study: NetApp accelerates contract reviews with TermScout

NetApp leverages TermScout to increase productivity & accelerate contract reviews.

NetApp, a global data optimization solutions leader, faced an escalating volume of IT contracts that needed review. The company's conventional solutions of hiring more staff were costly and time-consuming, leading them to seek a technological solution from TermScout. They implemented TermScout's Verified™ Contract Review tool, part of the Contract AI Suite.

TermScout's solution involved creating a custom contract playbook and integrating an API for immediate routing. This allowed NetApp to focus reviews only on the 20% of clauses that failed risk criteria, slashing the average review time from three hours to just 10 minutes. With a 24-hour turnaround and 99% accuracy, TermScout enabled substantial cost savings, eliminated the need for more staff, and greatly expanded NetApp's review capacity.

NetApp