After disrupting business operations across the world, the pandemic has been a catalyst for innovation. Since the beginning, LogicManager has been working with our clients to help them pivot and prepare to face new challenges, but also transform and streamline their processes in order to emerge even stronger on the other side.
At this point, we’ve collected over 200 value stories from our customers about how they’ve leveraged our guidance to drive their businesses forward throughout the pandemic and ensure long-term success and stability. This series of blog posts shares our best customer value stories to help other businesses find similar successes.
Taking a risk-based approach to Contract Management.
Financial institutions are under a lot of pressure these days. Not only are there more stringent industry regulations than ever before, but the pandemic has heightened the need for digital innovation and in turn, more robust cybersecurity practices. Managing these changes can be a full-time job, and it’s more important for businesses to rely on third party vendors to help them achieve their goals than ever before.
One LogicManager client recently came to us with a need to streamline and automate a critical piece of their vendor management program: contract management. Read on to learn how they did it using LogicManager’s AI-powered contract analyzer, as well as the short and long-term benefits they’re receiving as a result.
One day, during one of our customer advisory workshops, one LogicManager client in the financial industry responded to a poll. This champion asked about our contract AI capabilities. Given the number of contracts they were in charge of managing at the time, they needed help. They wanted to not only be able to eliminate manual and duplicative efforts wherever possible, but as a regional franchise within a larger, worldwide financial institution, it was also important that they had the ability to easily communicate internally and generate robust reports to upper management.
Related Post: Product’s Perspective: Better Together – The Importance of Using Integrated Software for Vendor Management