Gateway Health, a leading managed care organization in the United States, has gone live with the Icertis Contract Intelligence (ICI) platform to speed vendor onboarding, optimize workflows, increase compliance and mitigate risk.
The extraordinarily rapid implementation, which took less than 90 days, digitally transformed contract management for Gateway’s buy-side and corporate contracting. Gateway selected the ICI contract management platform because of its proven ability to reduce and mitigate risk while accelerating workflows.
With a rapid, three-month implementation, Gateway quickly realized the benefits of contract management, including automating buy-side and corporate contracting to speed time to value.
Gateway is also able to automatically track multiple exhibits and audit who makes revisions–thereby increasing compliance through the prevention of non-standard clauses and maverick contracts.
In addition, the company has improved visibility into contract performance and can ensure appropriate action is taken on expiring contracts.
“At Gateway Health, we are committed to caring for the whole person in all communities where the need is greatest,” said Frances A. Woodward, Senior Vice President, Chief Legal Officer and Corporate Secretary for Gateway Health. “We needed a contract management platform that would enable us to manage a large volume of highly complex agreements, while meeting our strict compliance and approval standards. The Icertis Contract Intelligence platform enabled us to speed our contracting, improve visibility and increase efficiency across our legal and procurement teams.”
With Icertis, Gateway can confidently track multiple exhibits and audit revisions, significantly enhancing compliance by eliminating nonstandard clauses.
Moreover, the company has streamlined its vendor onboarding process. Thanks to Icertis analytics, Gateway has gained vital visibility into contract performance, enabling decisive action on expiring contracts.
Gateway Health sought to replace its existing manual contract management system with one that would accelerate the company’s procurement process, ensure regulatory compliance in contract authoring and optimize agreement performance.
Looking beyond Gateway’s baseline needs for a contract repository, Icertis was able to help Gateway realize the CLM requirements of its procurement and legal teams as well—for instance, libraries of pre-approved clauses and templates to ensure regulatory compliance.
