Digitizing Contract Management For A Global Steel Trading Brand

"iVITAContract has transformed the way we manage contracts globally."

- Procurement Head, Global Steel Trading Brand

About Client

The client is a leading international steel trading organization operating across multiple geographies with a complex supply chain network and high transaction volumes. The company deals with large volumes of contracts and procurement documents daily and required a scalable digital solution to manage sourcing, compliance, and supplier collaboration efficiently.

Business Challenge

The organization faced challenges due to highly manual procurement processes, scattered contract data, and limited visibility across regions. Key issues included:

  • Over 10,000 procurement contracts and documents with no centralized documentation or visibility

  • Inconsistent compliance across regional and country-level regulations

  • Delays in approvals and contract execution due to manual processes

  • Limited ability to extract business intelligence from historical procurement data

Proposed Solution

We integrate two AI-Powered solutions covering smart procurement through "SMARTSUPPLY" and contract management through "iVITACONTRACT" at once. These solutions served:

  • AI-Based Document Generation: Automated contract Creation.

  • Contract Intelligence: Clause suggestions, risk scoring, and pre/post-signature analytics.

  • Advanced Document Processing: Bulk ingestion of over 1,000 legacy contracts and extraction of key terms, risks, and obligations.

  • Compliance Engine: Dynamic rule-checking based on region/country-level procurement regulations.

  • System Integration: Seamless connectivity with SharePoint, SAP Ariba, and internal approval workflows.

  • Business Benefits

    60% Faster Document Processing

    Automated document generation and AI-assisted review.

    90% Accuracy in Clause Extraction

    Reducing legal and compliance risks.

    Improved Compliance Visibility

    Centralized view of country-specific obligations and terms.

    Cost Optimization

    Significant reduction in manual effort and turnaround times.

    Data-Driven Decisions

    Real-time contract insights enabled better sourcing strategies

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