Biopharmaceutical leader Nektar Therapeutics discovers and develops medicines in areas of high unmet medical need. But failure to pass an annual external audit prompted the company to search for a better way to manage their contracts.
The well-established business lacked standard operating procedures for signatures and had no central repository to manage its contracts, resulting in inefficiencies throughout the creation and post-execution management of over 15,000 contracts.
They turned to CLM Matrix for a configurable contract lifecycle management (CLM) solution that could scale with maturing processes, which led to significant time savings and improved revenue recognition and compliance.
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