roche starts contract risk profiling with contract management software

2
Company Profile Roche Diagnostics India was established in January 2002 in India as an outcome of global acquisition of AVL Biomedical, leaders in blood gas and electrolytes testing market. Roche has grown from a small drug laboratory into one of the world’s leading research – based Healthcare companies. More details: Roche a Fortune 500 company ranks among the top ten pharmaceutical companies in the world and is known for many innovative contributions to medicine and diagnostics. World’s biggest biotech company and an innovator of products and services for the early detection, prevention, diagnosis and treatment of disease, the group contributes on a broad range of fronts to improving people’s health and quality of life. In 1998, Roche and Boehringer Mannheim, two of the most experienced innovators in diagnostics, joined forces to create a new, fully-integrated approach to health management worldwide. Business Challenges There was steady rise in number of contracts that Roche Diagnostics team was dealing with, and it had to quickly adapt to the evolving situation. As contracts become more complex with multiple stakeholders spread globally, it had become imperative for Roche to proactively track the contract lifecycle in order to effectively manage the contracting process. There was a need for a central repository and governance to manage 1000s of contracts created across the organization. The data was completely scattered and unstructured. Their deal approval processes was complex and done manually, hence it was error prone. This made it a lengthy and time consuming process for internal and external parties. Lack of timely alerts on contract renewals made it difficult to manage contracts and increased risk and leakage. Since the processes were being managed manually, there was a need for an easy to use system for non-tech savvy users. Solution Roche were challenged by the need to facilitate collaboration among stakeholders while keeping contract administration costs within manageable levels. Further, Roche needed a solution with the ability to monitor and report on contractual obligations that are critical to ensure compliance and reduce contractual risks. Icertis worked closely with the legal specialists at Roche, to get the Contract lifecycle management product running in the Microsoft cloud. As soon as the release Roche Diagnostic Case Study

Upload: icertis

Post on 18-Jan-2017

27 views

Category:

Software


0 download

TRANSCRIPT

Page 1: Roche Starts Contract Risk Profiling With Contract Management Software

Company Profile Roche Diagnostics India was established in January 2002 in India as an outcome of global acquisition of AVL Biomedical, leaders in blood gas and electrolytes testing market. Roche has grown from a small drug laboratory into one of the world’s leading research – based Healthcare companies.

More details:

Roche a Fortune 500 company ranks among the topten pharmaceutical companies in the world and isknown for many innovative contributions tomedicine and diagnostics.

World’s biggest biotech company and an innovatorof products and services for the early detection,prevention, diagnosis and treatment of disease, thegroup contributes on a broad range of fronts toimproving people’s health and quality of life.

In 1998, Roche and Boehringer Mannheim, two of

the most experienced innovators in diagnostics,

joined forces to create a new, fully-integrated

approach to health management worldwide.

Business Challenges There was steady rise in number of contracts that

Roche Diagnostics team was dealing with, and it had to

quickly adapt to the evolving situation. As contracts

become more complex with multiple stakeholders

spread globally, it had become imperative for Roche to

proactively track the contract lifecycle in order to

effectively manage the contracting process.

There was a need for a central repository and

governance to manage 1000s of contracts created

across the organization. The data was completely

scattered and unstructured.

Their deal approval processes was complex and done

manually, hence it was error prone. This made it a

lengthy and time consuming process for internal and

external parties. Lack of timely alerts on contract

renewals made it difficult to manage contracts and

increased risk and leakage. Since the processes were

being managed manually, there was a need for an easy

to use system for non-tech savvy users.

Solution Roche were challenged by the need to facilitate

collaboration among stakeholders while keeping

contract administration costs within manageable levels.

Further, Roche needed a solution with the ability to

monitor and report on contractual obligations that are

critical to ensure compliance and reduce contractual

risks.

Icertis worked closely with the legal specialists at Roche,

to get the Contract lifecycle management product

running in the Microsoft cloud. As soon as the release

Roche Diagnostic Case Study

Page 2: Roche Starts Contract Risk Profiling With Contract Management Software

was completed, the legal team was impressed with the

Icertis product. The product has a unique easy to use

web user interface (UI) which helps in easy adoption. Its

flexible and scalable architecture, easy integration and

customization capabilities fulfilled the need of various

contract management requirements at Roche

Diagnostics.

Benefits

By implementing Icertis CLM, Roche legal team were

able to undertake contract risk profiling, clause

deviation analysis, commitment tracking, audit trail and

have a centralized document management system.

1. Centralized repository

2. Significant reduction in loss of revenue

3. Automated contract creation

4. Improved process compliance and administration

5. Reduction in contract

About Icertis Icertis is the leading provider of enterprise solutions in

the Microsoft Cloud. The company’s cloud-native

products and services address specific enterprise

business needs by fully leveraging the cloud’s elasticity,

ubiquity, and availability. Icertis’ product suite includes

comprehensive ERP-surround solutions for contract

lifecycle management and transportation management.

The products have flexible deployment models – on-

cloud, on-premises and hybrid options to ensure that

diverse requirements for cost, compliance, and security

are met. Icertis’ cloud-native services help customers

build innovative, secure, and easy-to-use applications,

leveraging prefabricated frameworks and adapters and

modules to integrate data from multiple locations.

Icertis products and solutions are deployed in multiple

Fortune 500 companies and have received great

reviews from both users and analysts alike.

Client Testimonial

Icertis’ innovative approach to process

streamlining and automation using

SharePoint helped us plug revenue

leakage and set us up for working even

more closely with our sales teams.

Rita Kale Head Finance

Roche Diagnostics

All rights are reserved. © Icertis 2013