Case Study: Woodward achieves faster contract management and better data visibility with Wolters Kluwer ELM Solutions

A global industrial aerospace company automates contract lifecycle management (CLM) negotiation and obligation management workflows to drive efficiencies.

A global industrial aerospace company, Woodward, Inc., faced challenges with low adoption of its existing contract lifecycle management (CLM) solution, leading to inefficient manual negotiations, inconsistent contract storage, and difficulty extracting key data. Seeking to drive efficiencies and reduce risk, the company turned to Wolters Kluwer ELM Solutions for a new approach.

Wolters Kluwer ELM Solutions implemented its CLM Matrix product, which provided an intuitive and flexible platform for end-to-end automation. The solution automated contract negotiation and obligation management workflows, shortening cycle times, and established a central, searchable repository that eased contract discovery and data extraction. This transformation removed manual bottlenecks, reduced post-execution risk, and delivered significant efficiencies, which proved critical during the company's merger planning activities.