Challenge:
Manual, error-prone template updates across 30+ countries created regulatory and compliance risks while delaying contract signings. The firm struggled to maintain harmonised Master Agreement templates, wasting prior harmonisation time and investment, and exposing the organisation to fines.
Solution:
Shareforce implemented a centralised clause and template management platform, creating a single source of truth where Legal controls all templates and clauses with version tracking. This modular, dynamic solution enables always-up-to-date contracts, shared across all entities while allowing local regulatory variations.
Results:
- Increased Legal & contract teams’ content maintenance efficiency by 90%
- Consistent, standardised, and fully compliant templates at the push of a button
- Enterprise-wide contract content governance and compliance.