Title: Microsoft Needed A Contract Lifecycle Management Software to Accomplish Its 3 Key Goals
1Microsoft Streamlined Its Contract Management
INDUSTRY TYPE Information Technology
- Business Challenge
- Information exchange agreements 90,000
employees, 650,000 partners and countless
customers, resulting in a huge number of
agreements
Microsoft is a multinational computer technology
corporation that develops, manufactures, licenses
and supports a wide range of software products
for computing devices. The company is
headquartered in Redmond, Wash., and its most
profitable products include the Windows operating
system and the Office productivity suite.
- Fragmented contract management process,
decentralized storage across operations in 100
countries
- Lengthy and time-consuming process, both
internally and with external parties
- Required state-of-the-art search and retrieval
capability
- More details
- The company was founded in 1975, to develop and
sell BASIC interpreters for the Altair 8800.
Microsoft rose to dominate the home computer
operating system market with MS-DOS in the mid-
1980s, followed by the Windows line of operating
systems. - Many of its products have achieved near ubiquity
in the desktop computer market. One - commentator notes that Microsofts original
mission was a computer on every desk and in
every home, running Microsoft software.
- System had to be extremely scalable and
user-friendly for a potential global user base
exceeding 100,000.
Microsoft needed a contract lifecycle management
platform that would accomplish 3 key goals
- Increase contracting speed
- Reduce cost of contracting
- Improve customer, partner and employee
satisfaction
2Solution Icertis delivered the custom-built
solution on Icertis IP to Microsoft and met the
companys unique requirements. The platform
provided the necessary scalability and robustness
needed for a large enterprise deployment.
Of all the vendors we evaluated, Icertis gave us
the best option to custom build our solution. We
have deployed the product globally, including in
India, with great user adoption and high
satisfaction.
- Leveraged the power of Microsoft technologies
across multiple devices
- Secure and private, with easy access to the
extended enterprise
- Reliable, scalable, flexible and quick to deploy
Michel Gahard, Associate General Counsel,
Microsoft
- Intuitive user interface across diverse global
user base
- Governance auditable reporting and compliance
notification alerts
- Eliminated all manual steps with complete
automation - Integration with DocuSign for e-signature
capabilities - Contract management mobile application for
contracting on the move - Search and retrieval feature to locate an
agreement quickly - Smart feature to avoid duplicates
- Authoring, approval, execution and storage in one
system
- Benefits
- Icertis delivered a custom-built solution on
Icertis IP that added significant value to
Microsoft while addressing its distinct needs - Reduced contract administration costs by 40
- Improved speed of contracting by 60
- Improved customer, partner and employee
satisfaction - Improved auditable contracting compliance and
administration
- Extremely quick deployment of the system across
the enterprise user base in just 12 weeks
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