NDA Processing Support

Industry: Financial Services
Client: B2B Data and Content Provider

Issue:

The client's in-house legal team, across global locations, was struggling to keep up with increased NDA volumes, preventing them from finding time for higher-value contracts. Their business team demanded a quicker turn-around time on NDAs to study more deals.

Solution:

Mindcrest implemented a streamlined workflow including consistent templates and playbooks to expedite NDA processing. Team identified bottlenecks and remediated all contracts.

Cost Savings:

Client realized a per contract cost savings of approximately 70%.

Benefits:

  • Realignment of skills allowing in-house legal team to focus on higher-value contracts
  • Turnaround time reduced from four plus days to less than 24 hours
  • Client’s legal team have real-time visibility into the contract process to ensure all stakeholders are always up to date