Case Study: Woodward, Inc. streamlines CLM automation and contract visibility with Wolters Kluwer ELM Solutions

How CLM Matrix helped Woodward, Inc. automate contract workflows to drive efficiencies

Woodward, Inc., a global industrial aerospace company, faced challenges with low adoption of its existing contract lifecycle management solution. This led to inefficient manual negotiation processes, inconsistent contract storage, and difficulty extracting key data from its large portfolio of contracts. To address this, Woodward partnered with Wolters Kluwer ELM Solutions.

Wolters Kluwer implemented its CLM Matrix solution, which provided an intuitive and flexible platform to automate contract negotiations and obligation management workflows. The results included shortened negotiation cycle times, reduced post-execution risk, and the creation of a central, searchable repository that eased contract discovery and data extraction, which proved critical for the company's merger planning activities.

Woodward, Inc.