EDF’s legacy system was cumbersome, unfriendly, and offered no room for improvement. This outdated system made it difficult to manage hundreds of contracts at a time and led to fragmented processes, compliance risks, and challenges in tracking milestones and deliverables.
With a team spread across North America and the necessity to coordinate contracting and procurement efforts seamlessly, EDF needed a modern, robust solution to streamline their operations.
Solution
EDF Renewables turned to Malbek’s contract lifecycle management (CLM) software to address these challenges. After evaluating several vendors, Malbek stood out for its user-friendly, cloud-based platform that could meet EDF’s diverse and complex needs.
Malbek provided EDF with a centralized environment that allowed their teams to work collaboratively across North America. The platform’s advanced features, including configurable templates, automated workflows, and real-time notifications, ensured that all contracts were tracked efficiently and remained in compliance. By replacing spreadsheets and paper trails with Malbek’s integrated system, EDF gained full visibility over every contract’s status and key milestones.
The transition to Malbek’s CLM was smooth, even during the challenging conditions of remote implementation. The system’s flexibility allowed EDF to quickly adapt and optimize their processes without needing extensive IT support.
Results
The implementation of Malbek’s CLM software brought significant improvements to EDF Renewables. With over 200 contracts currently in motion, the platform has enabled the company to achieve greater efficiency, enhanced compliance, and full visibility into all contract activities.
Malbek’s automation features have reduced the time spent on contract reviews by 50%, allowing the legal team to focus on more strategic tasks. The standardized workflows and robust reporting capabilities have minimized risks and ensured that all contracts are managed according to EDF’s strict policies.
Malbek’s ability to streamline EDF’s contracting processes has not only improved operational efficiency but also created a better work experience for all employees involved in the contracting process.