How bp Shortened Procurement Time from 3 Months to 8 Days
bp has thousands of suppliers around the world, and an increasing number of contracts to process, but a fixed number of procurement and legal resources.
Prior to engaging with App Orchid, bp’s time to contract for SaaS contracts had risen to an average of 92 days and resources were being stretched to a point where the team worried about increased downstream risk. There was no solution on the market that addressed reducing time to contract significantly. So bp set out to have a solution built that would streamline the contracting process while reducing contractual risk.
Learn how bp leveraged ContractAI to save an estimated 80% in procurement and legal time, increased the number of contracts without adding risk, and was able to focus on more value-added work.