End-to-end Contract Lifecycle Management for a Fortune 500 Food and Beverage Company Project Background The US-based multinational corporation was looking for a way to deliver faster and efficient contracting to reduce the strain on legal, procurement, and other departments. The company decided to partner with Newgen to minimize risks of business losses and penalties by deftly and flexibly managing contracts. The Roadblocks Manual process of creating and managing contracts Lack of transparency in contract tracking Difficulty in centrally maintaining templates and clauses High turnaround time due to manual approval and execution No centralized document repository to store and retrieve contracts Absence of notifications and reminders on contract expiry and renewal

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