Nintex
Case Studies
Revamping Contract Lifecycle Management with IoT: A Case Study of IMPULS-LEASING Slovakia
Overview
Revamping Contract Lifecycle Management with IoT: A Case Study of IMPULS-LEASING SlovakiaNintex |
Analytics & Modeling - Process Analytics Functional Applications - Product Lifecycle Management Systems (PLM) | |
Automotive Equipment & Machinery | |
Procurement Quality Assurance | |
Leasing Finance Automation Smart Contracts | |
Operational Impact
The adoption of K2 Five has significantly improved the efficiency of IMPULS-LEASING Slovakia's contract management process. Employees can now work more efficiently, and managers can accelerate the approval process, delivering a more professional service for customers. The solution also ensures regulatory compliance, with the ability to carry out customized searches across all contracts and related documents, aiding in compliance with GDPR. The company can now provide evidence of which financial checks were undertaken, who amended the contract, and who approved the amendment during audits. IMPULS-LEASING Slovakia believes that its use of K2 Five gives it an advantage over its competitors. It now has a versatile process automation platform, integrated with other core business systems, which it can use to streamline many more business processes in the future. | |
Quantitative Benefit
1.5M Contracts and documents managed with K2 Five | |
2,000 Contract approvals accelerated each year | |
70 Employees in Slovakia using workflows regularly | |