contract lifecycle management (clm) - apttus lifecy… · contract lifecycle management (clm)...
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ContractLifecycleManagement(CLM)softwarebringsvisibilityandcontroltothecontractmanagementprocesswithoutstandinginthewayofrevenue.AcceleratedcontractlifecycleskeepyoursalesteamsaheadofthecompetitionwhilecentralizedLegalplaybooksandaudittrailskeepyou100%compliant.
Don’tletcontractingdelaysbethereasonyouloseadeal.With1-clickcontracts,e-signature,pre-approvedtemplates,automaticapprovalsandmuchmore,CLMeliminatesthelegalbottleneck.
5WaysApttusContractLifecycleManagement(CLM)MakesaDirectImpact
1.DrivesContractComplianceApttusCLMplacesyourcontractsintoacentral,secure,cloudrepositorygivingyoutruevisibilityintoyouragreements.
2.OptimizesyourCLMprocessApttusCLMcreatesasecureplacetostorecontractsandgivesyoutheabilitytomanagetheirentirecontractlifecyclefromMicrosoftWord,allowinglegal,sales,salesops,andfinanceteamstoworktogetherwithease.
3.AcceleratestheSalesCycleReducethetimebetweencontractrequestandexecutiontohelpsalesclosemoredealsfasterbyleveragingintuitivecontractwizards,templateswithconditionallogic,robustlegalplaybooks,advancedapprovals,automaticconnectiontoquotesandintegrationstoe-signature.
4.IncreaseProductivitywithCLMExecutetheentirecontractlifecyclefromWord,pullbusinesstermsfromCRMsystemsandclausesfromthelegalplaybookeasily,whilecomplyingwithapprovalworkflows.
5.PerfectSalesandProcurementContractsApttusCLMisidealforbothbuy-sideandsell-sidecontracts.
AveragePercentageImprovementsReportedbyApttus Customers
Apttus ContractManagementAcceleratesDeals& EliminatesRisks
+47%FasterAuditReports
+45%ImprovementinContract
Accuracy
+43%IncreaseinContract
Compliance
+42%FasterContractProcessing
+42%IncreaseinContractProcessingVolume
+23%ReducedAmendments
AfterSignature
+17%IncreaseinContracts
Auto-Renewed
Source:ApttusQuote-to-Cash(QTC)ImpactStudyconductedJune2017byanindependentthird-party,Satmetrix on200+Apttuscustomercontactsrandomlyselected. Performancemetricsareintendedasaguidelinebaseduponhistoricalresultsfromasamplesetofcustomers.Resultsaredependentuponmanydifferent factorsthatarecustomer-specific.Therefore,actualresultswillvary.Responsesizeperquestionvaries.
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ContractLifecycleManagementCustomerSuccess
ThefollowingthreecompaniesarecurrentApttusContractLifecycleManagementcustomers.Hereisalookattheirstories,theirsuccessmetricsandthepainpointssolvedbyimplementingaCLMsolution.
MaxwellTechnologiesTHECOMPANYMaxwellTechnologiesmakesultra-capacitors,aswellashigh-voltagecapacitorsthatprotectpowergridsystems.
THEBUSINESSCHALLENGESMaxwellwasfacingsignificantfinesfromtheSEC,andhaddifficultyimprovingtheircomplianceprograms.Theyneededasolutiontostrengthencompliance,andcreatevisibilityandcontrol.
THEKEYBENEFITS• Reducedlegalcostsrelatedtocontractreviewbyover30%• Improvedbudgetpredictabilityandlegaloutcomesthrough
dashboardsandaccuratepipelineforecasting• Achievedsuccessfulimplementationwithout
businessinterruption
“ApttushasenabledMaxwell’slegaldepartmenttohaveadirectimpactoncorporate
revenuethroughfastercontractcycletime.Wehaveastrongercomplianceprogram,improvedaccuracy,increasedspeedinreportinganda30%reduction
inlegalfees.”
EmilyLough,CorporateCounsel&Chief
ComplianceOfficer,MaxwellTechnologies
HuntsmanInternationalTHECOMPANYHuntsmanInternationalisapubliclytradedglobalmanufacturerofdifferentiatedchemicalswithrevenuesof$10billionin2015.
THEBUSINESSCHALLENGESGlobalsales,procurementandlegalteamswereoperatinginanumberofdifferentsystems,fewofwhichwereconnected.They hadinherentcompliancerisks,andcontractapprovalsweremanual.
THEKEYBENEFITS• Standardizedcontractingprocessviacentralized
globalsystem• ImprovedcompliancewithSECandSOXregulations• ImplementedContractsolutioninjust82days• Increasedspend&forecastinganalysis• Unifiedbuy-sideandsell-sidecontractingin
asinglesolution
“WhereverHuntsmanisoperatingtoday,weareliveonApttus.Tosupportthatglobaleffort,itwas
importantthatthesystembeflexibleenoughtohave“Globalchampions”orregionaladmins,sothattheycouldoperateautonomouslyin
theirowntimezone.”
AndreaWykman,DivisionCounsel,
HuntsmanInternational,LLC
NetAppTHECOMPANYNetAppcreatesinnovativestorageanddatamanagementsolutionsthathelpacceleratebusinessanddelivercostefficiency.
THEBUSINESSCHALLENGESTheirlegaldepartmentwasfocusinghigh-costresourcesonlow-riskagreements.AverageturnaroundtimeonNDAswas3-5days,whichwasslowingdownbusiness.
THEKEYBENEFITS• BuiltasolutionforNDAswhichsolvedtheprobleminstantly• Decreasedturnaroundtimeby350%andnowcanprovide
low-touchlegalsupportforlow-riskcontracts.• Increasedannualsavingsby$2millionbyutilizing
electronicsignatureandbetteruseoflegalresources.
“85%ofagreementsarenowprocessedviatheinstantNDAprocess,withlowtouchlegal
support.”
EmilyTeuben,Sr LegalOperationsManager,
NetApp
“Apttus offers a leading CLM product withbuy-side and sell-side products...Its product is
very strong across all stages of the CLM life cycle.”ForresterResearch,TheForresterWave™:
ContractLife-cycleManagement,Q32016,July25,2016
48%HaveAlready
RecommendedApttus
99%PlantoExtendtheirUsageofApttus orKeepitasis
Apttus CustomersareExtremelyLoyal
ABOUTAPTTUSApttus,thecategory-definingIntelligentQuote-to-CashandContractLifecycleManagementtechnologycompany,drivesthevitalbusinessprocessbetweenabuyer’sinterestandtherealizationofrevenue.UtilizingapatentedcombinationofSaaS-basedapplications,theApttus IntelligentCloudmaximizesrevenueandbusinessoutcomesforcompaniesofallsizes,including100oftheFortune500.EnhancedbyMachineLearningandMax,aVirtualAssistant,Apttus applicationsincludeConfigurePriceQuote(CPQ),E-Commerce,ContractManagement,IncentivesManagement,Renewals,BillingandOrderManagement.TheApttus IntelligentCloudispoweredbytheworld’smosttrustedcloudplatforms,includingSalesforceandMicrosoftAzure.Apttus isbasedinSanMateo,California,withadditionalofficeslocatedacrosstheglobe.Formoreinformationvisit: apttus.com.