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:
“We were very reactive rather than proactive”
”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.”
”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.”
”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.”
“The implementation was very easy and it was very quick and it was very effortless”
”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?”
”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.”
”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.”
“A lot of people will go to Nomio now instead of coming to legal which is a huge reduction of our workload and time”
”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.”
”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.”
”It creates more visibility of where things are at and where we as a business need to go to improve.”
“Nomio is really helping to shape our organisation from being reactive to being more proactive”
”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.”
”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.”
”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.”
“You’d be silly not to get Nomio”
”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.”
”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.”
”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.”
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