Key Highlights
- OptiSol partnered with a global manufacturing enterprise to streamline supplier contract generation and accelerate onboarding using elsAi CLM, our proprietary Generative AI-based contract automation platform.
- The client’s manual approach to contract drafting and legal review led to inefficiencies, inconsistencies, and delays in supplier engagement.
- With elsAi CLM, the client automated supplier contract creation, achieving faster approvals, enhanced compliance, and improved process visibility.
- The fully integrated Generative AI solution reduced onboarding time by 70%, while empowering legal and procurement teams to collaborate more efficiently.
Problem Statement
01
Manual Drafting Delays: The procurement team was responsible for drafting each supplier contract manually, which consumed a significant amount of time and slowed down onboarding, especially when managing multiple suppliers simultaneously.
02
Legal Review Bottlenecks: Contracts required multiple rounds of manual legal reviews and edits before final approval. This repetitive back-and-forth process created delays and reduced overall process efficiency for both legal and procurement teams.
03
Template Inconsistencies: There was no standardized structure or formatting for contracts, resulting in inconsistencies across agreements. This posed increased compliance risk and made it difficult to manage legal language across geographies.
04
Low Scalability: As the global supplier network expanded, the manual process couldn’t keep pace with increasing contract volume. It lacked the flexibility and speed required to scale across regions and teams.
Solution Overview
01
OptiSol implemented elsAi CLM to automate the entire contract lifecycle. This eliminated manual drafting, accelerated creation times, and helped the procurement team handle large volumes without increasing workload.
02
The AI engine behind elsAi CLM was trained using the client’s existing contract templates, legal standards, and preferred clauses, ensuring each contract generated was relevant, accurate, and compliant with internal policies.
03
A built-in smart editor allowed legal teams to easily review contracts, suggest edits, and choose from pre-approved clause alternatives, all while maintaining version control and ensuring smooth collaboration.
04
elsAi CLM was seamlessly integrated with the client’s procurement system. This enabled automatic contract generation whenever a new supplier onboarding process was initiated, reducing manual intervention.
05
The platform supported multilingual contract generation, real-time tracking, and audit logs, ideal for managing a globally distributed supplier base with varying legal and operational requirements.
Business Impact
About The Project
This success story highlights how OptiSol supported a global manufacturing enterprise in modernizing its supplier onboarding process through the implementation of elsAi CLM. The client’s traditional approach to contract creation was heavily manual, leading to delays, inconsistencies, and increased legal overhead. OptiSol configured elsAi CLM to dynamically generate contracts from approved clause libraries and integrated the platform into the existing procurement workflow. Legal and procurement stakeholders now collaborate within a unified interface, enjoying instant draft creation, streamlined reviews, and full auditability, resulting in a faster, more compliant onboarding process.
FAQs:
How does elsAi CLM integrate with existing procurement systems or ERPs?
elsAi CLM offers seamless API-based integration with procurement systems and ERPs. It automatically triggers contract generation during supplier onboarding, enabling real-time data exchange and aligning contract workflows with existing business processes.
Is elsAi CLM only for supplier contracts or can it be used across the organization?
While optimized for supplier contracts, elsAi CLM is versatile and supports NDAs, MSAs, employment contracts, and more. It can be scaled organization-wide to streamline contract workflows across departments like HR, Legal, and Sales.
How secure is the data and legal content within elsAi CLM?
elsAi CLM follows enterprise-grade security practices, including data encryption, role-based access, and audit logging. All contract data and content are securely stored and managed to ensure confidentiality, integrity, and regulatory compliance.
Does OptiSol provide end-to-end implementation support?
Yes, OptiSol offers complete implementation support from requirement gathering and platform configuration to AI training, integration, and user onboarding, ensuring a smooth, tailored deployment aligned with the client’s contract management goals.
What kind of post-deployment support or upgrades are offered?
OptiSol provides ongoing post-deployment support, including system maintenance, performance monitoring, feature enhancements, and regular updates. Clients also receive access to support teams for issue resolution and user assistance as needed
Testimonials of Our Happy Clients
Ken Kisner
Global Head of Digital R&D
My experience has been incredibly positive. They were incredibly easy to work with, even with changing requirements.
They are incredibly competitive, but are only a fraction of the cost of US companies.
They are definitely the most professional of the foreign companies that we were looking into.
Nyswyn K.
Director of Software Development
Our journey with OptiSol has been nothing short of remarkable. For over 7 years, we have partnered with them on our digital transformation, and the results have been truly transformative.
Over the years, we have come to trust OptiSol Business Solutions as a reliable and strategic partner.
Al Bagiro
CTO, Auto Insurance Company
The AI engine was completed on time and trained to 90% accuracy. Their eagerness to learn new knowledge impressed us.
Their team is large to handle multiple projects at once, and likes to resolve challenges as well as learn new things. They also welcome regular communications, and of course, needless to say, develop everything in sprints.
Dan Talken
Founder, CEO, & CTO, My Equipment Library, LLC
OptiSol Business Solutions has shown youthful skill and dedication to the projects. Moreover, they have been quick to implement their solutions without sacrificing the quality of each platform.
We’re constantly impressed with their speed and quality of the development that they achieve on a consistent basis.
Dr. A.K Pradeep
CEO MachineVantage
Exceptional Collaboration and Expertise - A Top-Notch Partner for AI, ML, and Digital Applications.
I have had the privilege of working with an exceptional team of professionals from India on numerous AI, ML, and digital application projects. Their expertise in these domains is remarkable, and they consistently impressed us with their knowledge, resources, and innovative approach.
Rick Tigges
CFO, Bemodo
They are very responsive and able to shift focus quickly as we have needed it for business reasons.
OptiSol Business Solutions has been great at documenting the timeline of the project. They were very responsive and were able to shift focus quickly, as well. They discuss what they’re working on without any issues. So far, there’s no need to improve their service.
Related Insights
Why React Native Framework is a Preferred Hybrid Mobile App Platform
Cross-Platform Frameworks have gained popularity over Native mobile development over the years. The primary advantage in using Cross-Platform development…
Top 6 reasons to use React Native for Mobile Application Development
Cross-platform mobile development refers to the development of mobile apps that can be used on multiple mobile platforms. Cross-platform mobile development can either…
10 ways to effectively leverage Location-based Services for any business
One could observe a revolution in location-based technologies during the last several years. The popularity of personal navigation devices as well as mapping services…
