NetApp

Supporting flow between Legal and Procurement at NetApp

Results at a glance

33%
Reduction in total time to contract execution
90%
Reduction in time spent reviewing contracts
99%
Reduction in associated training costs
Company
NetApp
Size
Global Business
Contact Type
Sponsorship agreement
Teams involved
Legal, Procurement
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Problem

NetApp’s challenge with sponsorship agreements

Attending conferences and trade shows is a valued part of NetApp’s marketing strategy, yet the contract review process was exceptionally time consuming. Procurement would review each sponsorship agreement for deviations from NetApp’s preferred position, then send to Legal for feedback. While an important process, it was tedious for all involved.

“LexCheck eliminated an entire step of the process, reducing what took hours to a matter of minutes while also increasing the quality and consistency of the work.”

Connie Brenton
Vice President
Law, Technology & Operations, NetApp
Solution

Using AI to automate contract review

LexCheck parsed NetApp’s internal “legal playbook” around sponsorship contracts and trained its proprietary Contract Negotiation AI to review those contracts through the prism of those guidelines.

LexCheck’s AI technology digests the substance of the agreement, rapidly determining whether any particular language is beyond what is acceptable per NetApp’s guidelines. A couple minutes after the contract is uploaded, LexCheck presents a summary of its findings back to NetApp.

Benefits

Helped collaboration between Legal and Procurement
Massive time and resource savings
Created autonomy for Procurement

Related insights

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