CLM Current State and Readiness for a Global Financial Services Provider

The client had kicked off an initiative to replace their existing CLM system globally. Aurora was engaged to review the current state and assess business readiness ahead of technology implementation in order to identify any gaps and provide recommendations for the business change. In addition, Aurora performed requirement analysis and conducted CLM vendor solution assessment as part of the project.

Key Facts

CLM vendors assessed

Teams’ processes and procedures reviewed

80+

Functional and technical requirements validated

The Approach

Aurora engaged with various stakeholders across business lines to assess current state processes and procedures. Aurora then provided recommendations, based on our in-depth understanding of industry best practice, that enabled the business to be fully ready for the implementation of the chosen technology. The team helped manage risks by anticipating potential pitfalls so they could be avoided further down the line. Aurora reviewed and analysed the high-level requirements, assessed against target state objectives, and provided recommendations. Finally, the capabilities of the preferred CLM vendor solution were assessed against requirements and compared against other vendors to ensure the proposed solution aligned to business principles and objectives.