Vallen Upgrades Their Outdated Contract Management System into a Platform for Business Velocity

Vallen’s contract management system was holding the company back. The outdated system was based on manual processes, and completed contracts were stored on servers and desktops throughout the organization. The company lacked a formal contract approval process, meaning there were no safeguards in place to prevent individuals from making commitments that went against policy or company strategy.

Once Vallen chose Icertis, the new solution was implemented in just 90 days. With the advanced analytics engine built into the platform, Icertis Contract Intelliegence(ICI) adds value at every step, from contract initiation to negotiation, execution, implementation, compliance management, and renewal. A mobile app lets executives review and approve contracts from anywhere in the world.

The redesigned approval workflow takes full advantage of ICI’s capabilities. Standard contracts can usually be executed in a few minutes – a process that used to take days. Vallen’s old system made it nearly impossible to keep track of vendor rebates. Now, with clear visibility into the rebates offered by suppliers, they can take full advantage of the rebates and pass the savings on to the customer.