General Counsel Virtual Masterclass: Inmarsat
HOW GLOBAL SATELLITE COMMUNICATIONS COMPANY INMARSAT STREAMLINED THEIR CONTRACT MANAGEMENT PROCESS WITH AN AI-POWERED CONTRACT LIFECYCLE MANAGEMENT SOLUTION
Inmarsat is a satellite communications company offering mobile services on a global scale. They provide telephone and data services to users worldwide, including governments, media outlets and businesses.
Inmarsat recognized the complications within their company by looking at their customer contracts. They were all on different legal terms and deadlines. Issues arose when contracts got lost, key clauses took too much time to find, and ensuring contracts were GDPR compliant. Inmarsat adopted an AI- powered contract lifecycle management (CLM) system to better streamline their contract management process and help with organization.
This contract management case study covers:
- The benefits Inmarsat noticed after adopting a CLM solution
- How Inmarsat kept track of their contract management KPIs
- How Inmarsat kept up to date with legislations using the AI elements of the CLM solution
- Advice for general counsels (GCs) looking to adopt legal technology
- How an AI-powered CLM tool can help with reporting and analytics
When the COVID-19 pandemic hit, Inmarsat was ready to work from home (WFH), with all their contracts in a single digital repository for the legal team and senior executives to get a hold of. By adopting a CLM solution, Inmarsat can now focus on looking for new opportunities, rather than the mundane, repetitive tasks of searching through contracts that the AI is now able to do for them.
Watch the contract management case study to learn more about Inmarsat’s legal digital transformation journey and success with ContractPodAi.