Item: Nomio
Author: Steve Hinkley

“Being able to cut half a day down to three minutes is phenomenal”

Steve Hinkley

Contract & Commercial Specialist, CoCo

CoCo (Cost and Contract Optimisation) are on a mission to be the first choice supplier for cost and contract optimisation services globally. Their client, a financial services company, had contracts scattered everywhere, from Sharepoint folders to office draws.

Here’s where Nomio helped:

Coming from SharePoint
Search across all your contracts
You don’t have to do a thing
Taking away the pain from implementation

1. Coming from SharePoint

“The ingestion of the documents, the speed they’re checked and made available to us, the responsiveness has all been excellent”

From chaos across SharePoint

“The client I'm working with is typical of many relatively small financial services institutions. They have loads of contracts scattered all over the place in various file shares, SharePoint, people's draws, and everywhere else. Although an attempt was made to collate and organize them, it didn't work.”

To a single source of truth with Nomio

”What they needed was something that could take all of that disparate information, ingest it, organise it, and make it available to them. That’s exactly what we ended up getting with Nomio.”

2. Search across all your contracts

“Being able to cut, half a day down to probably three or four minutes is phenomenal”

Other systems are clunky

“Similar systems or contract management systems that I've used before are very clunky, not at all intuitive. You do have to search for specific, very, very specific words to get a good search capability out. So I was a little bit skeptical about the search capability and particularly when it came to PDF scans or scan documents that are put in.”

Taking away the hassle

“The search capability with Nomio is absolutely excellent, I have to say. So if you're looking for termination clauses, bang, you just search for termination and it'll give you that for the particular contract. So it just it takes away the hassle of having to go and find a contract.”

3. You don’t have to do a thing

“Once you’ve uploaded your documents, you do not have to do a thing”

Delivering on our promise

“I'm always very sceptical of people who say we can take work away from you and you won't have to do anything. But certainly, in this case, it worked and was the case. I'm now sold, having experienced it, gone through the onboarding and used Nomio. I'm a convert.”

A painless experience

“The upload exercise was incredibly painless from an upload perspective. And as soon as you've got access to it, you can see the power of the search engine behind it. You just whizz through searches and finding terms and clauses in contracts.”

4. Taking away the pain from implementation