TORM sails the seas with contracts under control
7/23/2021 With a new 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Replacing an old, outdated SharePoint solution and private archives with a single cloud-based system, TORM now has all agreements stored in one place.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.
