Mercedes-Benz : An Icertis CLM success story
CONTRACT LIFECYCLE MANAGEMENT
Mercedes-Benz : An Icertis CLM success story
German automotive manufacturer
Mercedes-Benz operates in an industry that is constantly evolving with new challengers , regulations and technologies . To stay ahead of these changes , the company needed to rethink the systems that run their business and approached Icertis to digitally transform their contracts . Their primary goal was to establish a single source of truth for all contracts , obtain data insights across all agreements , and guarantee supplier compliance . With Icertis , Mercedes-Benz decreased its contract turnaround time by 83 %: from six weeks – to just one . The company also centralised data from over 500,000 suppliers , and connected that data across enterprise systems to support critical outcomes around revenue , savings and risk . The numbers speak for themselves .
Image : Mercedes-Benz procurementmag . com 63