Custom Contract Fields

Problem

A Vertice customer was managing hundreds of SaaS contracts but lacked the ability to triage them based on key terms, such as risk level and contract value.

As a result, high-risk agreements received the same treatment as low-impact tools and the process was rigid.

Solution‍

Using Vertice’s custom contract fields, they tagged contracts based on business risk, renewal terms, and value. They then:

• Filtered and prioritized contracts based on metadata instead of manual review
• Routed contracts with “high risk” tags through tiered review workflows
• Ensured that executive stakeholders weren’t overwhelmed with reviewing each and every contract, helping to reduce their overall workload.

Outcome‍

Review cycles became smarter and more scalable.

By introducing risk-based routing, they cut the overall contract cycle time by 33%, while ensuring compliance was adhered to for the high-risk contracts.