Streamlining Contract Management

Managing contracts manually led to missed renewal dates and compliance risks, potentially incurring fines up to INR 20 lacs. Project involved deploying a Contract Lifecycle Management (CLM) system costing INR 8 lacs and providing compliance training for INR 2 lacs. The CLM system automated tracking and renewal alerts, reducing missed deadlines by 95%. These measures ensured full compliance, avoided penalties, and improved contract management efficiency, resulting in annual savings of INR 10 lacs.