Client
A Fortune 50 global manufacturer of medical devices, pharmaceutical and consumer goods
As part of their law department transformation, a Fortune 50 global manufacturer of medical devices, pharmaceutical and consumer goods relied on our team of legal and internal audit experts to analyze their contracting processes and develop a strategic approach to mitigate risks.
Before implementing a global contract management system, our Client needed to reduce potential risks. They asked us to analyze their contracting process with third-party vendors and create a strategy to increase efficiencies and establish more robust internal controls.
What We Did
- Evaluated our Client’s existing contracting systems and processes and conducted a current state assessment.
- Performed a gap analysis for best practices.
- Ensured the contracting process was in compliance with relevant laws and applicable company policies.
- Presented recommendations to our Client’s Management Board Committee on ways to improve the existing process.
Impact
- Helped mitigate potential liabilities and legal department concerns about IT’s implementation of the contract management system.
- Avoided downtime for legal department personnel during system integration.
- Enabled our Client to significantly reduce turn-around time for document execution.
- Improved value of legal work and established trusted relationships with internal departments.
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Client
A Fortune 50 global manufacturer of medical devices, pharmaceutical and consumer goods
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