Case Study: An independent record label cuts contract-management time by 70% with Concord
Key results
The challenge
Through its systematic compilation activity, the label produces an average of 15 compilations per month, generating about 250 non-exclusive licensing contracts. These were previously managed with Excel, Word and email, tools that were not integrated or digitized.
The solution
The label implemented Concord for contract management, electronic signatures, and collaboration, allowing the legal team to send and track contracts and invite collaborators within the platform.
“We save a lot of time; it's really useful. Getting contracts signed is fast, almost instantaneous.”
ZLZdenka LemutGeneral Counsel
The results, in context
Time spent sending and managing contracts was cut by 70%. The legal department can now send about 20 contracts with a single click, and getting contracts signed is described as fast and almost instantaneous.