Ironclad
Ironclad for Procurement
Summary
This case study showcases how procurement departments leverage Ironclad's AI-powered contract lifecycle management (CLM) platform to control spend, reduce risk, and streamline contracting processes fo...
Value Drivers
Challenges
- Lack of visibility and control over procurement contracts and supplier relationships.
- Lack of real-time visibility into operations
- Difficulty in scaling current infrastructure
- High operational costs due to legacy systems
- Poor data integration across departments
4 more challenges available
Solutions
- Implementation of end-to-end AI-powered contract lifecycle management (CLM) for procurement.
- Deployed real-time monitoring and analytics platform
- Migrated to cloud-based scalable infrastructure
- Modernized legacy systems with new technology stack
3 more solutions available
Outcomes
- Significant reduction in contract processing time, with some organizations moving from days to hours.
- Achieved 24/7 real-time visibility and monitoring
- Successfully scaled operations to support 3x growth
- Decreased operational costs by 40% annually
- Improved data accuracy and accessibility by 85%
- Automated 70% of manual processes
5 more outcomes available
Products
Software
Ironclad CLM
An AI-powered contract lifecycle management software that streamlines procurement contracting processes, improves visibility, and ensures compliance.