Case Study
Case Study: How a Large Public University Cut Contract Review Time in Half with LegalSifter
Products:
Challenge
- Manual contract reviews caused delays, especially during peak periods like the start of a semester.
- Urgent contracts piled up, highlighting inefficiencies in their outdated system.
- The purchasing team was overwhelmed, creating bottlenecks and a need for a smarter solution.
Approach
- The university chose LegalSifter for its user-friendly navigation and ability to provide legal definitions and redlining suggestions.
- LegalSifter’s AI tools streamlined the review process, reducing manual work and errors.
Outcomes
- 50% Faster Reviews: Review time was cut in half, reducing delays and boosting efficiency.
- Simplified Workflow: Reduced back-and-forth emails, speeding up contract processing.
- Broader Adoption: Expanded use to the risk team, improving contract management university-wide.
One of the largest public universities in the U.S., serving over 36,000 students, manages a wide range of contracts with an annual volume fluctuating between 200 and 500. These contracts cover various areas, including purchasing agreements, collaborations with other institutions, radio station agreements, clinical partnerships, Memorandums of Understanding (MOUs), and more.
The Challenge:
Before partnering with LegalSifter, the university’s contract operations process was a bottleneck. The purchasing team was bogged down with manual reviews, causing delays, especially during peak times like the start of a semester. Urgent contracts often piled up at the worst moments, exposing the inefficiencies of their outdated system and the pressing need for a smarter solution.
LegalSifter’s Solution:
The university discovered LegalSifter and was impressed by how LegalSifter’s solution was able to address their contract pains. While evaluating a competing solution, they found that LegalSifter was easier to navigate and provided legal definitions along with suggested language to insert or redline from a counterparty’s T&Cs. This made LegalSifter a more efficient and effective tool for contract management, helping teams expedite their review process, reduce errors, and gain confidence in their negotiations—ultimately meeting their needs better than the competitor.
The Difference: Measurable Success and Prepared for Tomorrow
Since implementing LegalSifter, the university has seen several significant improvements:
- Faster Reviews: Contract review time reduced by 50%, cutting delays and boosting efficiency.
- Simplified Workflow: No more back-and-forth emails—contracts now move through the process quicker.
- Wider Access: Now used by the risk team, expanding its impact across the university.
Partnering with LegalSifter has transformed the university’s contract management process. Staff can now handle workloads more efficiently, ensuring contracts are managed promptly and effectively. This collaboration demonstrates how combining cutting-edge technology with expert guidance can significantly enhance contract operations.
See how LegalSifter can change the way you handle your contracts and agreements and make your team more efficient by scheduling a demo today.
