Wolters Kluwer ELM Solutions
135 Case Studies
Case Study: Nektar Therapeutics achieves contract management efficiency with Wolters Kluwer ELM Solutions CLM Matrix
A Wolters Kluwer ELM Solutions Case Study
How CLM Matrix helped Nektar Therapeutics uncover efficiencies and drive organizational agility
Nektar Therapeutics, a biopharmaceutical company focused on areas of high unmet medical need, needed a better way to manage contracts after failing an annual external audit. With no standard operating procedures for signatures and no central repository, the company was struggling with inefficiencies across the creation and post-execution management of more than 15,000 contracts. Vendor Wolters Kluwer ELM Solutions addressed this challenge with its CLM Matrix contract lifecycle management solution.
Wolters Kluwer ELM Solutions implemented CLM Matrix as a configurable CLM platform that could scale as Nektar’s processes matured. The solution helped the company realize significant time savings and efficiencies, while also improving revenue recognition and compliance. Nektar Therapeutics said it would absolutely recommend CLM Matrix because of the measurable benefits achieved.
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