MindTree selects Icertis the Contract Management solution based on its end-to-end functionality, ease of use, and quick time to deployment. The contract management system improved Mindtree's contract turnaround times by 40%.
Mindtree Picks Uniquely Designed Icertis Contract Management Software
1. Company Profile
MindTree is a $400 million global
information technology solutions
company and a strategic partner to
over 40 Fortune 500 enterprises.
They employ 11,000 experts to
engineer meaningful technology
solutions to help businesses and
societies flourish.
Objective
Create a new contract management
system to support MindTree’s global
consulting business.
Results
• Searchable centralized repository
of all contracts and supporting
documentation
• End-to-end automation for both
template-based and 3rd party
contracts
• Approval rules engine ensures
that contracts conform to
organizational standards
• Deviations are tracked and routed
for approval based on rules engine
• New reporting features enable
advanced risk assessment
capabilities
• SAP integration enables contract
checks on invoicing
MindTree Improves Contract
Turnaround Times by 40%
with a Contract Management
Solution From Icertis
The Icertis Contract Management system was
designed to meet MindTree’s unique contract
management challenges. It allowed them to manage
worldwide consulting business, and delivered
measurable results in the areas of cost reduction,
improved compliance and timely revenue recognition.
Business Challenge
MindTree had a large number of customer contracts, created by
business units around the globe. The entire contract lifecycle
process was manual, which meant that meeting contractual
obligations was people dependent. Without a centralized repository,
it was difficult to track commitments, expiries and other milestones.
There were frequent instances of non-compliance.