Energy
Profile
A global division of an energy management company recently merged operations and established new policies and procedures for their many service provider, vendor, partner and sales agreements.
Business Need
The company wanted to funnel all agreements through the legal department. The main goals included consolidating all contracts from across every unit of the organization, storing them in a centralized repository, tracking all of the obligations and alerting all key players of any important deadlines or events.
Why they chose Mumboe
The total cost of ownership for other solutions brought insufficient value for their simple list of needs. The other systems were overkill. The time and cost of importing their agreements into another system were not worth the investment. However, with Mumboe’s easy uploading and Auto Extract feature, implementation was simple and quick. No other provider could compete with the price and time to go-live. By eliminating redundant tasks, Mumboe was able to make an immediate impact on productivity.
Profile
A leading provider of marine services delivers ocean vessels and engineering services to customers in the oil and gas industry. With hundreds of employees stationed in offices on several continents, the company's operations span the globe.
Business Need
Due to the complex nature of its many business agreements, the marine services firm was challenged to keep track of a wide variety of terms and commitments buried within their agreements. Terms in a sales agreement requiring a 30-day notice would often be discovered too late, causing delays in collecting revenue. Wanting to take a proactive approach to compliance, the company searched for an automated system that would provide not only increased visibility of its agreements, but also the ability to track and manage the key dates, deadlines and other details contained in those agreements.
Why they chose Mumboe
After evaluating several other options, the company deemed these too expensive and overly complicated. They chose Mumboe instead for its ease of use, flexibility and affordability. With Mumboe, there were no upfront implementation costs or expensive licensing agreements. The company subscribed to Mumboe for a low monthly fee, and got instant access to application updates. Now the company stores its agreements in a secure, central location, sets alerts for key agreement dates and deadlines, and securely shares access with employees and other agreement stakeholders.
