Case Study: NetApp achieves faster contract insights and millions in savings with Workday Contract Intelligence

NetApp cuts 24,000 contracts to 600 with Workday

NetApp, a data management company, faced significant challenges in efficiently extracting insights from its vast repository of contracts. Manual processes and outsourcing to legal service providers hindered the legal team's ability to quickly explore contract data, a problem that became critical when the COVID-19 pandemic caused supply chain disruptions. The company needed to rapidly identify contractual provisions related to partial shipments across tens of thousands of agreements to avoid litigation and revenue loss.

Using Workday Contract Intelligence, powered by Evisort AI, NetApp implemented an AI-driven text mining solution. This allowed their legal team to perform Google-like searches across their entire contract repository, quickly locating specific language and key provisions. Workday's platform enabled NetApp to cut 24,000 contracts down to 600 relevant ones in days, saving thousands of hours and millions of dollars. This solution also ignited a mindset shift, allowing the company to tackle numerous other corporate initiatives with newfound efficiency.

NetApp