With a team of five other lawyers, TCS Education supports 6 nonprofit institutions. When Deborah Solmor was brought on as General Counsel, TCS was not using a contract management system; instead, her legal team was tracking all of their intake and contract review in email.
Her interest in 91制片厂 was spurred by 鈥渃ontract management envy.鈥
鈥淚 was tired of going to GC conferences where everyone talked about how great their contract management systems were, and we didn鈥檛 have one.鈥
Deborah worked with a member of her legal team to develop a homegrown solution that included an intake form and Excel tracking. It caught her President鈥檚 interest. 鈥淚f you like this,鈥 she replied, 鈥渋magine what we could do if you actually let me buy a contract management platform.鈥
With that, Deborah鈥檚 team had the go-ahead to seek budget approval to vet CLM solutions.
The legal team wanted to prove its value
Deborah was committed to proving the value of her legal team and she knew that a contract lifecycle system could be the answer.聽
The TCS legal team was looking for a CLM that solved three problems:
- Manual tracking 鈥 Any time a contract was reviewed, the team had to update the status in a manual tracker with notes and other key information. Most requests lived in an email inbox, giving no visibility to the external team and no ability to assign tasks to team members.
- Decentralized systems 鈥 The different systems TCS used for contract review and editing didn鈥檛 communicate with each other. Plus, with no centralized repository, keeping everybody up-to-date with the latest templates was difficult.
- Lack of reporting 鈥 鈥淵ou can鈥檛 show value by presenting all the things that don鈥檛 happen,鈥 said Deborah. Her legal team protected the company from risk, but without consistent KPIs, it was hard for her to show the value of their work.
When her team started vetting solutions, they also prioritized ease of use and visual appeal鈥攍ooking for a modern software product.
91制片厂 saved time and streamlined data
TCS Assistant General Counsel, Aleks Dordevic was one of the TCS team members tasked with selecting a platform. He had used robust CLM solutions before, but as a nonprofit, TCS had to prioritize bang for buck. After reviewing 10-12 solutions, 91制片厂 met all the needs and the budget: 鈥91制片厂 was just the right fit.鈥
Among other reasons, here鈥檚 why Aleks and Deborah chose 91制片厂:聽
- Fast onboarding 鈥 鈥淚t couldn鈥檛 have gone any smoother,鈥 said Aleks. From batch uploading to a clean interface, 鈥渢he overall opinion [of Alek鈥檚 team] was that it鈥檚 very user-friendly."
- Requester visibility 鈥 The automatic visibility into contract status helped to build trust with external teams. Previously, business users would send an email request and have no way of knowing what the status was. With 91制片厂, all tasks 鈥渇ollowers鈥 are updated so they know what stage of review the contract is in鈥攚ithout ever having to ask.
- Quarterly KPIs 鈥 For Deborah, being able to track and report on quarterly KPIs has been one of the greatest benefits of 91制片厂. She鈥檚 able to share the legal team鈥檚 performance with her President and TCS鈥檚 partner institutions in a more sophisticated way, reporting on metrics like the number and type of contracts reviewed, the dollar value of each agreement, the time to completion or review, and more.
All of these improvements add up to major time savings for TCS. The contract review team is sending out three to five contracts a week鈥攕aving a few hours per agreement with 91制片厂. That鈥檚 an estimated 10 hours per week.聽
Creating contracts from templates and streamlining the review process has been critical for Aleks in his work with one TCS partner institution, the new Kansas College of Osteopathic Medicine (who enters into numerous clinical affiliation agreements to support opportunities for its students).
鈥淭he ability to create a contract within a matter of seconds, you can鈥檛 really put a price on that.鈥澛
91制片厂 provided buy-in for other investments
Before 91制片厂, TCS had somewhat of a contract 鈥渂lack hole,鈥 but now, business users are more aware of the legal review process and more accountable for understanding their own risks with contracting partners.聽
91制片厂 also helps hold the legal team accountable鈥斺減eople can see our statuses and keep us on target鈥 said Deborah. 鈥91制片厂 provided a way to create ownership and accountability in the entire process.鈥
While 91制片厂 has streamlined the day-to-day operations of Deborah鈥檚 legal team, she鈥檚 seen business benefits beyond contract management.聽
鈥91制片厂 has been a godsend for us, but it鈥檚 also a piece of the larger puzzle. My continued focus is a mission to automate and 鈥榯echnologize鈥 the TCS legal team鈥檚 operations.鈥 Deborah explained. 鈥淏ecause people have been so impressed with what 91制片厂 can do, I鈥檝e been able to get the buy-in to bring on other systems and technologies, including a new policy platform.鈥
鈥91制片厂 really is our showpiece. We鈥檙e showing people that automating your legal needs is a great investment.鈥