Company ProfileMindTree 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.

ObjectiveCreate 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 ChallengeMindTree 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.

SolutionMindTree selected Icertis the Contract Management solution

based on its end-to-end functionality, ease of use, and quick

time to deployment. The solution was specifically designed to

meet MindTree’s unique contract management challenges. The

new system covers all contracts, across all business units around

the globe. Some of the new features developed for MindTree

includes a rules engine for negotiation and execution, a contract

repository, role-based alerts and a customizable dashboard for

reporting key performance indicators.

ResultsThe Icertis contract management system improved contract

turnaround times by 40%, resulting in substantial productivity

improvements and most importantly, shorter order-to-cash

cycles. Different functional areas found it easier to work

together. Timely contract renewals had a positive impact on

revenue recognition. MindTree gained tremendous value through

cost reductions, and achieved 100% compliance.

Icertis’ unique approach to building

software is evident in its Contract

Management product. Managing

complex contracts across all our

business units and getting a single

view of various contracts was very

important to us. MindTree selected

the Icertis solution based on its

end-to-end functionality, ease of

use, and quick time to deployment.

Their product will help take our

contract management processes to

the next level.”

Rajesh Narang,Vice President Legal & Company Secretary, MindTree

About IcertisIcertis is the leading provider of

contract lifecycle management in the

cloud. Icertis Contract Management is

an innovative, easy-to-use platform that

is highly configurable and continually

adapts to your complex business needs.

Today, the Icertis platform is used

to manage 2+ million contracts, by

500,000+ users, in 90+ countries and

40+ languages. With its intelligent

workflow and built-in analytics, the

Icertis platform provides ongoing

contractual insights and best-of-

breed contract management enabling

customers to increase compliance,

improve governance and mitigate risk.

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