Biotech
Profile
A multinational pharmaceutical company develops, manufactures and brings to market life-saving medicines designed to help prevent and treat disease.
Business Need
The company needed a way to keep track of the different types of agreements that defined its business relationships, such as consulting, confidentiality, employment and customer agreements. Specifically, the company wanted a reliable and secure solution that would provide users with quick and easy access to both the agreements themselves and the key details such as expiration dates, renewal dates and term information contained within these agreements.
Why they chose Mumboe
They chose Mumboe for its simplicity, ease of use and ability to provide quick access to agreements and key details. Speed was important: with thousands of contracts to manage, the company wanted to eliminate the manual process of paging through documents to get answers. With Mumboe, they could automatically extract the information they need to track from agreements, and with a single click, jump to the source text in the document, if desired for further analysis. They could also search the full text of agreements for a specific phrase, contact or date, and save their searches for quick access in the future.
Profile
This publicly traded company is developing and manufacturing technologies and applications used throughout the life science industries.
Business Need
Business development needed automated alerts for renewals and expirations while also making contracts readily and securely available to team members in offices around the world. The legal department also needed access to the agreements for compliance and reporting.
Why they chose Mumboe
The company already had a contract management solution in place, but agreements had to be sent to the vendor for uploading, creating a significant lag in availability. The old system had a very rigid interface that did not allow for configurations to track custom information. Issues with customer service led to the search for a new solution. The ability to upload new contracts and supporting documentation directly into Mumboe and the power of the Auto Extract feature to create actionable data made Mumboe the clear choice. Simple to implement and easy to use, Mumboe also offers great support and an extensive library of online video tutorials.
