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Becton Dickinson reduces risk and increases efficiency by unifying a wide range of contracts under enterprise-wide CLM solution

Business Challenge

BD lacked visibility into all contracts, including sourcing, procurement, sales, GPO, CRO, MSA, and SOWs. It also suffered from slow contract turnaround time. It needed a solution that could integrate with Salesforce and SAP for seamless access to data.

Solution

The Icertis Contract Intelligence platform improved governance and cut contract cycle times across this global enterprise. It seamlessly integrates into Salesforce, allowing for real-time data syncs on customers.

Benefits

  • Advanced analytics delivers insights into clause deviations and usage
  • A single system for contract compliance reduces risk and speeds contract turnaround time
  • Advanced rules engine helps enforce contracting standards