Case Study: HP puts contract data at procurement's fingertips with Icertis
Key results
The challenge
HP's sourcing organization managed contracting across many countries and contract types, with complex templates and agreements spread across legacy systems that slowed buy-side turnaround.
The solution
HP deployed the Icertis Contract Intelligence platform to standardize contract types and country templates, enable self-service contracting, and migrate legacy agreements into a single system of record.
“It's not just a repository for us. It's the system where we go to find all the data that we need.”
BABharan AyalasomayajulaDirector of Transformation, Sourcing Center of Excellence, HP Inc.
The results, in context
Icertis reports HP achieved a 30% faster buy-side contract turnaround, an 80% reduction in template complexity across common use cases, and a 70% increase in contracts executed via e-signature. More than 16,000 contracts were migrated, over half of agreements were enabled through self-service, and HP standardized 25 contract types and 65 country-specific templates.