New reportNow what? Why the hard part of legal AI starts after you’ve bought itRead now→

So a lot of the process pre-Nomio was very manual. We’re a recently acquired business, which means we inherited a lot of chaos. We had no file structure set up for where the documents were being stored. So that was the main issue for us, there was no central depository. I have no idea if someone’s going to be knocking on our door tomorrow with a legal dispute. We were losing a large number of contracts because we were missing renewals.

It was just putting out fires constantly because we were very reactive rather than proactive. A lot of the time that I was spending reviewing contracts or trying to find contracts, I could have been spending helping the business with new deals. I need an off-the-shelf contract management tool to help me, that I’m not going to have to spend six months developing. Out of all the solutions that were recommended, Nomio was one of them.

For me, the doubt was: ‘Did this really only take a couple of weeks to implement?’ ‘Was it that simple?’ Nomio did it within less than six weeks with full implementation. And we already had access to the system, from memory, within three weeks. So from that perspective, just how quick the process was up and running was just, yeah, amazing. I mean, it was Nomio driving the whole process. Where I’ve implemented previously, it’s been the other way around.

It’s been a 12-month, really long slog, really having to be involved, and really time consuming, which definitely isn’t the case for Nomio. And if I had any other questions or suggestions or ideas, the person that was helping us, Meg, was absolutely fantastic. Or she even made suggestions on how to make the system more efficient for us. If I could have her as part of my team full time, I would. I think the service has gone above and beyond what we expected.

And it’s also empowered my different stakeholders. Our CEO has been extremely happy. We now have our CFO that uses it. We have lots of other departments that rely on Nomio and have all said how easy the system is to use. And a lot of people will go to Nomio now instead of coming to legal to check clauses. Which I think is a huge reduction of our workload and time. Our customer care team, they can now look up a contracts six months in advance, and start having conversations with our customers.

Previously we were getting renewals that were last minute, that had already expired, and everything was just: ‘It needs to be done now.’ We know a lot of the sales team have already extracted it into their sales platforms to give them the pre-emptive information. It’s now empowering them without having to rely on us 100% of the time. From that perspective, it’s really helping to shape our organisation from being reactive to being more proactive.

If you looked at how reactive we were and how many opportunities we were missing, i.e. to increase prices because renewals were coming up so late or contracts were expiring, or missing the opportunity to influence RFPs to then be able to change our pricing, for example. We can now do that with Nomio. Two weeks ago, we got asked: ‘How many contracts do we have, and how many contracts do we have with non-standards?’

It’s the first time, as a business, we can easily pull out the data and have been able to give a representation to the board. It’s just very different to other service providers, or service providers in the legal industry, with their offering. They’re very attentive, as an organisation, to their customers. They listen, and they adhere to timeframes, and what they say is true. The pricing was very competitive, if not better than a lot of other tools that we had seen on the market.

Very good pricing for the service that was being provided. And I recommend Nomio all the time to all my colleagues because of just how easy it has been. And I know a lot of businesses don’t have a good contract management database or tool. And I think you’d be silly not to get Nomio.

How Modaxo uses Nomio, the contract data layer

“The implementation was very easy, very quick, and very effortless”
Emilie Franklin
Emilie Franklin
Senior Legal Counsel, Modaxo

Modaxo is a global technology company that brings together businesses focused on providing the technologies that move the world's people each and every day. Before Nomio, contract management was very manual. Emilie and her team had no file structure for where documents were stored and spent a lot of time trying to figure out where the contracts were.

Here’s where Nomio helped:

  1. Coming from a chaotic system
  2. Effortless implementation
  3. Allowing the business to self serve
  4. Be proactive instead of reactive
  5. A best-in-class service
1. Coming from a chaotic system
“We were very reactive rather than proactive”

Inherited chaos

”We recently acquired a business, which means we inherited a lot of chaos. We had a large number of contracts that we didn't have visibility of.”

No structure or system in place

”Pre-Nomio was very manual. We had no file structure for where the documents were being stored. We were spending a lot of time trying to work out where the contracts were. We had no record of whether we were complying with our obligations in prime contracts or whether we were passing those on. And so, for us, that was a huge gap.”

Until now

”Two weeks ago we got asked how many contracts do we have and how many contracts do we have with non-standards. Because of Nomio, it's the first time as a business we can easily pull out the data and have been able to give representation to the board as to how many contracts.”

2. Effortless implementation
“The implementation was very easy and it was very quick and it was very effortless”

Nomio sounded too good to be true

”The doubt was did this really only take a couple of weeks to implement? Was it that simple? The main hesitation was is it too good to be true?”

Nomio drove the process

”It was Nomio driving the whole process, it wasn't us. Where I've implemented solutions previously, it's been the other way around and it's been a 12-month really long slog. You really have to be involved; it’s really time-consuming, which definitely isn't the case for Nomio.”

Implementation was easy

”Nomio was fully implemented in less than six weeks and we already had access to the system within three weeks. Just how quick the process was up and running was just amazing. The implementation was very, very easy.”

3. Allowing the business to self serve
“A lot of people will go to Nomio now instead of coming to legal which is a huge reduction of our workload and time”

Going above and beyond

”The service has gone above and beyond what we expected. Our CEO has been extremely happy. We now have our CFO who uses Nomio. We have lots of other departments that rely on Nomio and have all said how easy the system is to use. I know the finance team has been using Nomio to download some of the data and put it into Power BI.”

Helping teams across the business

”It's also empowered different stakeholders. Our customer team can now look up contracts six months in advance and start having conversations with our customers. So it's now empowering them without having to rely on us 100% of the time.”

Increasing visibility

”It creates more visibility of where things are at and where we as a business need to go to improve.”

4. Be proactive instead of reactive
“Nomio is really helping to shape our organisation from being reactive to being more proactive”

Never miss a renewal

”So from our perspective we were losing a large number of contracts because we were missing renewals. And a lot of the time that I was spending reviewing contracts or trying to find contracts I could have been spending helping the business win new deals. Nomio has really empowered the business to work out when renewals are coming and to now forecast those and to start those conversations, which has reduced our workload extensively.”

Remove revenue leakage

”We needed a tool to monitor contract renewals and contract extensions or contracts that are likely to go into RFPs to ensure that we're allocating the right amount of pricing. We can now do that with Nomio.”

Focus more time on winning business

”My team can now focus on more substantial reviews coming through the door. So instead of being very reactive and trying to work out whether a contract has non-standards, they can quickly look to Nomio, see if it has non-standards and then determine the business strategy going forward, which I think previously would have taken them a couple of days to get to that point.”

5. A best-in-class service
“You’d be silly not to get Nomio”

Excellent pricing

”Your pricing was very competitive, if not better than a lot of other tools that we had seen on the market based on the offering that you were providing. You offered very good pricing for the service that was being provided.”

We solve your problems

”Nomio is very different to other service providers in the legal industry with their offering. They're very attentive as an organisation to their customers. They listen and they adhere to timeframes and what they say is true.”

Nomio is just easy

”I recommend Nomio all the time to all my colleagues because of just how easy it has been. And I know a lot of businesses don't have a good contract management database or tool and I think you'd be silly not to get Nomio.”

Why there’s nothing better than Nomio on the market.

“There is no one else on the market that offers this level of customisation with a repository”

Jessica Bann
Jessica Bann
Head of Legal, parcelLab
Watch case study →
parcelLab case study thumbnail

Subscribe to the Nomio newsletter.

Opinions, articles, and product updates.

Your contracts shouldn’t live in someone’s head