See how Payments Group, a leading digital payments provider, teamed up with Execo to rapidly centralize and streamline their fragmented contract management. By implementing ContractPodAi’s Contract Lifecycle Management (CLM) solution and leveraging Leah-powered AI risk scoring, Payments Group significantly improved compliance, accelerated negotiations, and positioned itself effectively for future growth and acquisitions.
Note: The client’s name has been anonymized in this case study to protect their confidentiality.
When an internal audit revealed major gaps in contract management, Payments Group needed quick action. Scattered contracts led to compliance risks and slowdowns, hindering growth plans.
Execo quickly implemented ContractPodAi’s CLM, customized for Payments Group’s lean procurement team. Leveraging AI, Execo delivered a complete solution in only 12 weeks – half the expected time.
The new CLM system transformed Payments Group’s contract operations. It provided clear visibility, efficiency, and reduced negotiation risks. Manual review time dropped by 50% and legacy contracts were migrated smoothly. Payments Group now confidently manages contracts, ready for sustainable growth.
"With Execo and ContractPodAi, we went from scattered contracts to full visibility in just 12 weeks. Our approvals are automated, and we’re finally contracting on our own terms."
— Head of Procurement, Payments Group
The procurement team at Payments Group, a leading European digital payments provider, faced operational risks and significant inefficiencies due to fragmented contract management. Contracts were scattered across individual inboxes, personal drives, and disconnected departmental systems.
This fragmentation created confusion in negotiations, slowed turnaround times, and increased compliance risks. An internal audit urgently recommended creating a centralized repository to tackle these issues.
With ongoing M&A, Payments Group also needed a scalable system capable of seamlessly integrating new contracts. Manual processes simply weren't sustainable for future growth.
Payments Group’s procurement team partnered with Execo to tackle these issues head-on. Execo implemented ContractPodAi’s Contract Lifecycle Management (CLM) solution. The project aimed to bring Payments Group’s vision to life: simple tools, self-service capability, and scalability.
The initial solution focused on two key contract types: NDAs and Purchasing Agreements. It included detailed sub-categories for precise tracking and future expansion.
To meet Payments Group’s need for rapid, accurate risk assessments, Execo deployed a custom negotiation framework. The solution was built on ContractPodAi’s Leah. It immediately flags risky clauses and deviations from standard terms upon contract upload.
Execo used a clear, agile implementation process with regular demos and feedback sessions. This collaborative approach enabled Payments Group’s team to prepare to manage the system themselves.
Execo also relied on ContractPodAi’s Leah One Drop to migrate Payments Group’s legacy contracts. Contract data was uploaded via drag-and-drop, eliminating manual data entry and rapidly creating accurate records.
In just 12 weeks – 50% faster than planned – Payments Group successfully launched their CLM. Payments Group transitioned from contract chaos and manual processes to automated compliance and efficiency.
Specific results achieved included:
Execo’s expertise combined with ContractPodAi’s robust technology has equipped Payments Group’s procurement team for operational excellence and future growth.