Agiloft collaborates with PwC on contract lifecycle management

PwC has penned a new agreement with Agiloft, to help streamline the management of contract lifecycles of clients in the UK. The move aims to help companies boost their contracting processes and compliance.
Mike Rowden, PwC’s contract lifecycle management (CLM) transformation leader, commented, “Contracts are at the core of business relationships, and effective contract management is critical for cost optimisation, compliance, and risk mitigation. Our alliance with Agiloft will empower enterprise organisations to modernise contract processes and unlock significant business value.”
CLM is a process undertaken by an organisation to improve its handling of contracts and agreements with other providers. This can include vendor contract management, third-party contracts, customer contracts, and sales agreements, among others. According to a release from the two firms, the Agiloft platform, combined with PwC contract lifecycle management expertise, will help clients to boost their CLM in a number of ways.
Among the benefits, PwC will help clients to automate and streamline every stage of the contract lifecycle, from initiation to renewal. At the same time, by deploying Agiloft for this, clients will free up more time to navigate complex regulatory environments with confidence – and in the process, PwC claims they will drive operational efficiency and extract more value from their contract portfolio.
Prashant Dubey, chief strategy officer at Agiloft, added, “This collaboration with PwC is unique due to the firm’s global reach, vertical market expertise, and ability to integrate Agiloft CLM with other enterprise systems such as Oracle. Together, we will help businesses transform contract management from a transaction support process into a strategic advantage by leveraging automation, AI, and expert-led advisory, consulting, and implementation services.”
Agiloft is a technology company specialising in contract lifecycle management and business process management software. Founded in 1990, the firm is looking to expand in the UK market, something a deal with PwC and its large partner roster across Britain could play a key role in.