torm sails the seas with contracts under control

With a cloud-based contract management solution, one of the world's leading carriers of refined oil products has a better overview of all their supplier agreements.

Replacing an old, outdated SharePoint solution and private archives with a single cloud-based system, TORM has all agreements stored in one place. This secures better control over their master data and automates key tasks in their contract handling.

Right out of the box, the software-as-a-service (SaaS) contract management from Nextway (Next^® Contracts) provides TORM with a user-friendly and structured overview. Up-to-date information is available to all 200 users at the push of the button. Reminders for critical tasks secure that no cancellations, renewals, renegotiations or deadlines are missed. With permission control in place, only the right colleagues can create, edit, approve, view, or delete contracts. Across locations and time zones.

“Next^® Contracts provides our staff with up-to-date information on all supplier contracts and agreements“ - says Heidi Gravlund, Head of Procurement at TORM.

TORM facts:
Founded 1889	Employees 3500+	Locations 8
Industry Shipping	Next^® users 200	Fleet size 80+

End your hassle with contracts and agreements

You can save as much as 5% of your total revenue if you digitize the way you handle contracts.

Check out our solution for
digital contract management

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