I’ve found Nomio, so far, to be extremely useful in our day-to-day. It’s very intuitive. If I need to find a particular contract, I just know where to find it. I just wish we’d done it sooner, ultimately.
When I joined, I would be navigating through our OneDrive system, trying to locate folders that a document might be in, so it could take up quite a bit of time. What I really needed was a safe place to store all of our contracts and be able to locate them easily, and to pull out key data points. I was actually put off by all of the functionality of other products, because it’s just stuff that I did not need and didn’t want to pay extra for.
I spent so long deliberating over what to do, and then paused the project for a while due to other competing interests, but actually just getting on with it was key. The onboarding process was great in terms of speed, usability. I was just essentially dumping contracts into an email inbox and someone was very kindly organising them into the right spaces. So now I have everything in one place. We actually missed a deadline on something before we moved on to Nomio.
Very helpful are having weekly updates about deadlines that are coming up at various stages. It kind of not only frees up a bit of time, but it frees up a bit of a mental burden. What I’ve been particularly impressed by is the ambiguities function. I was provided with weekly updates of ambiguities within the documents, which essentially require me to look at the ambiguity and work out what it is that’s not adding up.
And I was impressed at how quickly it’s then responded to, to confirm it’s either been completed or if there’s any follow up questions. Nomio also very much now corresponds with our finance team’s processes to make sure that contracts and statements of work are actually in place before any payments are released. So it enables us, as two different functions within the business, to work very well and seamlessly together.
How Puma Investments uses Nomio, the contract data platform
“I just wish we’d bought Nomio sooner”
Puma Investments is a leading provider of tax-efficient investments. Amy’s team needed a simple contract repository, but the lack of a central system led to missed deadlines and a significant administrative burden.
Here’s where Nomio helped:
“If I need to find a particular contract, I know where to find it in Nomio”
The need for a simple solution
”A lot of the contract repository service providers were essentially offering so many aspects of functionality. What I really needed was a safe place to store all of our contracts and be able to locate them easily and to pull out key data points to enable us to quickly find information.”
Nomio is extremely useful
”If anyone is looking for a simple repository that you can search easily, upload documents to easily, and that pulls out key data points, then I found Nomio to be extremely useful.”
“I just wish we’d bought Nomio sooner”
Act before it is too late
”I spent so long deliberating over what to do, and then paused the project for a while due to other competing interests. But actually, just getting on with it was key. We actually missed a deadline on something before we moved on to Nomio because I wasn't aware of the deadlines in the contract. That is a case in point of why we need something like Nomio.”
Effortless onboarding
”The onboarding process was great in terms of speed and usability. I was just essentially dumping contracts into an email inbox, and someone was very kindly organising them into the right spaces. So now I have everything in one place. And it's already been useful in terms of identifying dates of important contracts coming up.”
“Nomio not only frees up my time, but it frees up a mental burden”
Find contracts in seconds
”I'm always just flat out and busy. But I now have a time-saver and a place where if I need to find a particular contract, I just know where to find it very quickly. Nomio just makes for less work ultimately in having to find contracts or work out what deadlines are coming up, which would be a very manual process to monitor.”
Enable the rest of the business
”I'm finding it extra helpful having weekly updates about deadlines that are coming up at various stages. I've made sure that the relevant heads of departments are also receiving that same communication. It's freeing me up a bit more because I do not have to be responsible for every single deadline and date.”
“It’s been a great way to collect all of our documents and ensure all teams can access what they need”
Work closely with other teams
”Nomio has helped two different functions within the business to work very well and seamlessly together. Not only does it help legal, it's also a useful tool for the finance team. We're now working much closer together, making sure that before invoices are paid, there's actually a contract in place, it's documented, signed, and stored appropriately.”
Verify with Nomio
”It's been a good verification exercise, both from a legal perspective and ensuring we have our contracts in place. It’s helped us verify our contracts from both a legal and financial perspective - ensuring what we have on paper matches what finance is actually paying out.”
“You’ve been very responsive and very helpful and very quick at dealing with any requests that I've had”
Nomio proactively flags mistakes in your contracts
”I was provided with weekly updates of ambiguities within the documents, which essentially require me to look at the ambiguity and work out what is not adding up.”
Get results, fast
”I was impressed at how quickly that was done and how quickly they responded to confirm it had been completed or to ask if there were any follow-up questions.”
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”
