Case Studies

Obligation Management Solution

Challenge

  • Comprehensive obligation management program for key contracting engagements
  • Scope included 200+ contracts in 20 languages spanning operations across the Americas, EMEA, Australia and Asia
  • Each contract had 1,000 obligations or 13,000 metadata fields to be abstracted


Solution

  • Customized state-of-the-art technology platform, LexBase, to abstract key contract metadata and obligation information
  • Formalized set of rules to analyze contracts, identify obligations and segregate by importance
  • Developed a standardized contract taxonomy and metadata design after assessment of client’s legacy contracts
  • Abstracted key contract metadata, obligation information and specific clauses from client contracts
  • Created a searchable contract repository
  • Configured alerts, reminders and escalations to notify obligation owner of relevant due dates
  • Deployed dedicated helpdesk to provide technology and process-related support to LexBase users


Business Impact

  • Significant savings for client by ensuring that obligations are performed in accordance with contract
  • At risk obligations are proactively brought to attention of management

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