Leading TV broadcaster, who operates the largest family of channels in the UK, suffered from poor supplier and contract management processes. Traditionally reliant on Google Drive and paper based storage, the Procurement team struggled to manage the large number of contracts, with over 1,600 documents stored on different platforms, with many containing inconsistent or missing information.
A cloud based repository
By implementing web3 Contract Management, a simple yet flexible solution, our client can now manage all their contracts from over 750 suppliers easily, all via one single robust archive. Procurement team members can access any contract and extract any information with just a few clicks, while granting users across the organisation secure and controlled access.
With web3 Contract Management in place, alerts can be set prior to key renewal dates, giving our client plenty of time to review and negotiate contract terms and conditions, so they can avoid unfavourable terms rolling over year on year.
Download the paper to find out more.