In the biotechnology industry, hundreds of contracts must be executed in order to deliver a new product to market. They require numerous stakeholders including suppliers, doctors, hospitals, distributors, marketers, CMOs. Each contract must be negotiated, agreed to, signed off, communicated, filed, etc. This client wanted to streamline the contract process while improving process quality by engaging the organization.
The client realized over $1.2 million in cost reductions and over $800,000 in revenue increases in less than six months. Kaufman Global transferred value-added capabilities to the entire organization to ensure the newly implemented processes could continuously improve, resulting in even greater savings.