Case Study: a major US-based health care services company achieves 100% contract visibility with Wipro

A leading US-based health care services company refurbishes its contract lifecycle management system, leading to 100% visibility into contracts

The customer, a major US-based health care services company, faced a significant challenge after acquiring smaller pharmaceutical entities, inheriting a vast and disorganized portfolio of over 125,000 contracts. This lack of visibility and accessibility made it difficult to ensure contractual compliance, leading to potential risks. To address this, they partnered with Wipro.

Wipro's Legal Processing Services team migrated all contracts to a new CLM platform, weeding out duplicates and non-contracts using proprietary tools and macros. They abstracted key obligations from each agreement into a searchable format. This solution provided the client with 100% visibility into their liabilities, enabled them to address 25% of contracts needing immediate renewal, and ensured 99% accuracy in the abstracted information, solidifying their reputation as a compliant vendor.