IPC is a leading provider of secure, compliant communications and multi-cloud connectivity solutions for the global financial markets. James and his team struggled with a combination of Sharepoint and Salesforce for managing their 10,000 contracts.
Here’s where Nomio helped:
“With Nomio, we don’t have to worry about naming conventions and consistency”
”Before Nomio, we used SharePoint. We had a lot of old agreements that didn’t get uploaded with the correct naming convention. The metadata was wrong. The links to the contract were incorrect. A lot of my team’s time was spent on admin tasks or investigation tasks. It wouldn't surprise me if it was eight hours a week across a team of ten.”
”We did an RFP of about twelve different companies, ranging from document intake to full CLM. We chose Nomio over the other options in the end because it's all automated, and the user experience with respect to locating the documents that we want, having the metadata that we need, is great. It reduces an hour and a half task to 10 minutes just for the investigation piece.”
“Nomio makes our life really easy”
”It couldn't be any easier to upload a document into Nomio. We click forward, we type in documents@nomio, and we don't have to do anything. It's not even self-service. We don't even do it ourselves. It's all automated.”
”There's a huge amount of flexibility within the team and a huge amount of advice that we get. The way that it's been implemented is hugely thoughtful. We had high expectations, and Nomio has exceeded those expectations. It's been easy and a pleasure working with everyone on the Nomio team. We've been happy every single step of the way.”
“We now pull information directly from Nomio, so it’s correct every time in Salesforce”
“Salesforce is only as good as the data that goes into it, and we knew that the Nomio data was extremely accurate.”
“Rather than having two disparate data sets, one that was very reliable, and one that was as reliable as the information put into it by 100 different users. We now pull information directly from Nomio. Our sales teams use data in Nomio without even knowing that they're using it.”
“Nomio data is extremely accurate”
“A big one from our perspective was accuracy. We look at huge data sets across hundreds of really complex agreements, and with Nomio, we're able to report to the business in a way that we're sure about the accuracy. That's really, really important.”
“We're doing hugely detailed work on massive amounts of documents, and where we're using it across more than one system, we can really see that the accuracy from Nomio is super high.”
“We don’t miss renewal deadlines”
“We don't miss deadlines. There is definitely a quantitative measure that you can add to that. But I would say it's time and effort saved on the administrative tasks that allows us to focus more on the substantive tasks.”
“We're coming up to 11,000 individual agreements. That probably equates to about 18,000 documents. We use Nomio to collect all of the information so we can find it instantaneously. It reduces an hour and a half task down to ten minutes.”
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