Check out how a huge telecom giant digitized their contracting operations with Volody’s AI CLM tool!
At a Glance
A multinational telecom giant having huge manual contracting operations implemented Volody’s AI CLM. The solution streamlined contract approvals, managed deviations efficiently, and centralized stamp paper procurement across 8 functions.
Integration with a complex IT ecosystem improved operational efficiency, and successful coordination with 8 departments led to a quicker & better contracting cycle.
- Telecommunication
Case Study Highlights
The following are the highlights of the case study:
About the Client
Statistics about the Client
Challenges
- Poor organizational coordination: Navigating decision-making hurdles in a complex multinational structure.
- Efficiency-hindering workflows: Delays due to diverse contract approval and signature processes.
- Stamp paper procurement: Having nationwide operations, procurement of stamp paper was time-consuming.
- Information vacuum: Struggling to gather crucial data from 20+ interconnected systems into 1 platform.
- Collaboration issues: With no version control & undefined approval metrics, communication internally was inefficient.
Solution Process
The client, after careful deliberation, partnered with Volody to tackle their contracting challenges. Volody adopted a strategic approach, initiating the contracting process nationwide across 8 segments for optimal management. These were the steps taken by Volody to supercharge the client’s contracting process:
Defined an approval process & customized the workflow for each segment for efficient contract approvals and signatures across segments.
Easy and intuitive user interface and customizable dashboard along with role & hierarchy-based access Control.
Overcame PAN India sourcing challenges of stamp papers for 8 different segments.
Integrated with 20+ surround systems, data lake and in-house CRM reducing data loss & better visibility into contract cycle & vendor performance.
AI read through 17,000 legacy contracts, obtained sign-offs from various departments & uploaded in a centralized repository increasing contract visibility.
Results
After incorporating Volody’s AI CLM Software, the client observed the following enhancements:
- Streamlined contract approval: A streamlined process across various segments and clusters.
- Contract Review Cycle: Customized workflow reduced The contracting cycle from 90 days to 21 days.
- Stamp Paper Procurement: Stamp paper procurement was made easier reducing contracting time.
- Seamless Integration: Integration with 20+ ecosystems, resulting in heightened operational efficiency.
- Smooth Collaboration: Informed decision-making reducing friction & boosting collaboration across all 8 functions.
- Ease of Implementation: Timely development and implementation within a few weeks to streamline the process.
