"I would absolutely recommend CLM Matrix due to the significant time savings and efficiencies we have realized.”
Biopharmaceutical leader Nektar Therapeutics discovers and develops medicines in areas of high unmet medical need. But failure to pass an annual external audit prompted the company to search for a better way to manage their contracts.
The well-established business lacked standard operating procedures for signatures and had no central repository to manage its contracts, resulting in inefficiencies throughout the creation and post-execution management of over 15,000 contracts.
They turned to CLM Matrix for a configurable contract lifecycle management (CLM) solution that could scale with maturing processes, which led to significant time savings and improved revenue recognition and compliance.