Case Study: a major international pharmaceutical and nutraceutical manufacturer streamlines contract review with Workday Contract Lifecycle Management

Major International Pharmaceutical and Nutraceutical Manufacturer cuts CDA review time from 5 business days to 10 minutes with Workday

The legal team at a major international pharmaceutical and nutraceutical manufacturer faced challenges in managing hundreds of agreements, leading to slow contract approvals and preventing the lean team from focusing on strategic work. To simplify and accelerate this process, they turned to Workday Contract Lifecycle Management, powered by Evisort AI, to create self-serve contracting processes.

Workday implemented a solution using templates with preapproved language for agreements like Confidential Disclosure Agreements (CDAs). This drastically reduced the legal team's review time from up to five days per CDA to just 10 minutes. The measurable impact includes colossal time savings, helping the business meet its growth goals faster, and making the company more attractive to top legal talent in a competitive hiring market.