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Company Profile The Massachusetts Technology Collaborative (MassTech) is an economic development agency devoted to growing the technology sector across Massachusetts by promoting startups and entrepreneurship, supporting key R&D initiatives and encouraging collaborative projects between government, academia and industry. Objective Replace a homegrown legacy solution with a more automated, easy-to-use contracting system that would streamline workflows, create more efficient approval processes, increase visibility for project managers and improve adoption by agency staff. Results • Improved adoption Better visibility into workflow, helping to identify bottlenecks Ensured contract compliance Allowed staff to manage more types of agreements, unifying approvals in one system Enabled a more efficient end-to- end process MassTech enhances compliance and oversight while increasing contract visibility and user adoption MassTech wanted to replace a cumbersome, semi- manual legacy system with a more flexible, automated and transparent contract management solution. The Icertis Contract Management platform greatly improved contract visibility. The platform’s ease of use led to full adoption by the agency’s staff and a more efficient management system—from procurement through contracting, invoicing and compliance. The agency’s users are seeing efficiency improvements, as they can now easily track where agreements are in the workflow process, easily find key related documents and, in doing so, save employee time and public dollars. Business Challenge MassTech is a public agency that handles multi-million- dollar projects for the Commonwealth of Massachusetts. The organization struggled for years with a cumbersome, customized contract management system that was further constrained by a manual paper process.

Icertis Contract Lifecycle Management Software Helps MassTech to Greatly Improve Contract Visibility

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Page 1: Icertis Contract Lifecycle Management Software Helps MassTech to Greatly Improve Contract Visibility

Company ProfileThe Massachusetts Technology

Collaborative (MassTech) is an economic

development agency devo ted to growing

the t echnology sector across

Massachusetts by promoting startups

and entrepreneurship, support ing

key R&D initiatives and encouraging

col laborative p rojects between

government, academia and industry.

ObjectiveReplace a homegrown legacy solution with

a more automated, easy- to-use cont racting

system that would st reamline workflows,

create more efficient approval processes,

increase visibility fo r project managersand improve adoption by agency staf f.

Results• Improved adoption

• Bet ter visibility into workflow,

helping to identify bottlenecks

• Ensured contract compliance

• Allowed staf f to manage more

types o f agreements, unifying

approvals in one system

• Enabled a more efficient

end-to-end p rocess

MassTech enhances compliance and oversight while increasing contract visibility and user adoptionMassTech w anted t o replace a cumbersome, semi- manual legacy system with a mo re flexible, au tomat ed and t ransparent cont ract management solution.The Icertis Cont ract Management plat form g reat ly improved cont ract visibil ity. The plat form’s ease o f use led to ful l adopt ion by the agency’s sta f f and a more eff icient management syst em—from p rocurement th rough cont racting, invoicing and compliance.

The agency’s users are seeing eff iciency improvements, as they can now easily t rack where agreements are in the workf low p rocess, easily f ind key relat ed documents and, in doing so, save employee t ime and publ ic dollars.

Business ChallengeMassTech is a publ ic agency that handles mult i-mi l l ion-dol lar p rojects fo r the

Commonwealth o f Massachusetts. The organizat ion struggled fo r years wi th

a cumbersome, customized cont rac t management system that was further

const rained by a manual paper p rocess.

Page 2: Icertis Contract Lifecycle Management Software Helps MassTech to Greatly Improve Contract Visibility

Users across the o rganizat ion wanted mo re visibil ity and standardizat ion

in the cont ract ing p rocess: I t was hard t o know where cont racts were in

the workflow. In addit ion, ou tdated language and t emplat es were used

inadver tent ly. As a result, adopt ion o f the system was low, slowdowns were

common and staf f efficiency was direct ly impacted.

SolutionThe Icertis plat form helped MassTech comple tely change the way i t managed

cont racts via an intui t ive user in terface, standardized and easy- to-conf igure

t emplates, flexible workf lows and a t ransparent view into the overall p rocess

and agreements across all stages. Improved ease o f use and seamless

in tegrat ion wi th Microsof t Off ice p roducts has led t o far g reater adopt ion by

agency staf f.

“W e selected the Icertis Cont ract Management plat form because o f its flexible

workf low, the t ransparency i t p rovides users in to our cont ract ing p rocess and

its intuit ive user interface,” says Marybeth Dixon, Senior Manager o f Corporate

Systems & Financial Operations at MassTech. “W e use the syst em no t just for

cont ract ing, bu t also fo r p rocurement, the p re-cont rac t approval p rocess,

cont rac t invoic ing and cont rac t compliance. As we’re funded through publ ic

investments, i t ’s cri t ical that we m ove p rojects quickly and eff icient ly, while

also p roviding the necessary in ternal and ex ternal openness that is expected

o f a publ ic agency.”

Results“The flexibi l i ty o f the system allows us t o have many d i f ferent types o f

agreements and to easily see the relationships between them,” says Dixon.

“Our users are now able t o see where their agreements are in the workflow

p rocess, something we were lacking in the past. Having standardized

t emplates in Icertis has further st reamlined our in ternal p rocesses, as all o f the

legal and cont ract ing language is kep t current in these t emplates.”

Over 75% o f employees now use the system, whether t o init ia te, approve

o r view cont racts. Addit ional ly, the agency’s finance department reports

increased oversight due to the system’s automated checks on the financial

aspects o f cont racts prior t o payment.

We use the system not

just for contracting, but

also for p rocurement, the

pre-contract approval

p rocess, contract invoicing

and contract compliance.”

Marybeth Dixon,Senior Manager of Corporate Systems& Financial Operations, MassTech

About IcertisIcertis is the leading p rovider o f con t rac t li fecycle management in the cloud. Icertis Cont rac t Management is an innovat iv e, easy- to-use plat f orm that is highly conf igurable and cont inually adapts t o your complex business needs.

Today, the Icert is plat form is used t o manage 2 mil lion+ con t racts, by5 0 0,0 0 0 + users, in 90+ countr ies and 40+ languages. W ith its in tel l igent w ork f low and bui l t - in analytics, the Icertis plat form p rovides ongoing con t ractual insights and best -o f - b reed con t rac t management , enabling cust omers t o increase compl iance, imp rove governance and mit iga t e risk.

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