Oceana Group
Industry
Fishing
Challenge
Oceana is large multinational fishing company. It briefed Updraft on deploying a new system which would allow their in-house attorneys to draft and manage more than 40 different types of agreements. It also needed to store and manage all their legal matters – both new and historic.
Solution
- Manual review and data capturing of key contract data found in 800 historic agreements which needed to be transferred from an existing contract database.
- The data captured by our team was crucial in formulating the contract management processes implemented at Oceana.
Result
- Achieve the targeted levels of efficiencies agreed upon prior to the commencement of the project.
- System provides a simple and easy-to-use information and business technology platform that offers a safe and reliable repository for historical contracts as well as an easy-to-use drafting solution.
- Revolutionised the way its commercial department drafts and prepares contracts.
- Significant value-add functionalities included:
- Realtime reports drawn directly from contract metadata captured by the Updraft support team during the implementation phase, and
- Contract renewals driven by built-in electronic reminders, agreement approvals and review streamlined with auto-generated executive summaries that provide key terms and agreements extracts for review by the management team.
Updraft has revolutionised the way in which we draft and prepare contracts. Most notable was their relentless commitment to finding a solution to our unique contract management requirements, attention to detail in the execution of the project, the seamless integration and onboarding of the solution and personalised service. It has been an absolute pleasure working with the team and, from a technical point of view, we have seen an impressive 100% uptime record to date since go live.