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Exploring Opportunities

When Lisa Horning started as General Counsel at FullBloom in January of 2020, she faced some time-oriented challenges. She needed to get a handle on thousands of legacy contracts and she needed to do it quickly. In May, right around when schools let out for the summer, FullBloom would start receiving thousands of contract requests for the next calendar year’s services. Many of FullBloom’s clients are local school districts and state and federal agencies, who do not allow for multi-year contracts, so between May and October, Horning and her team would have to process about 1,200 contracts.

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Investigating Solutions

In order to be ready for both crunches, Horning knew FullBloom needed a sophisticated, easy- to-implement contract lifecycle management platform that could be launched quickly and help streamline their workflow processes.

FullBloom looked into several contract management systems. However, when they saw Evisort’s cloud-based, AI-powered contract intelligence platform, they knew they had found the right solution.

“We really needed a search engine that could actually start to understand the concepts that we were looking for in our contracts and not just keywords,” Horning said. “We came to learn that AI was the only way we were going to really get the benefits we needed out of a platform.”

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Achieving Impact

The FullBloom team started using Evisort’s platform in the summer of 2020, and soon was able to:

Generate instant insights into their contract data. After uploading and synching FullBloom’s contracts into the Evisort platform, Horning was able to understand FullBloom’s preferences and agreed-upon positions in past negotiations. The data gave Horning a road map for moving forward.

Build, scale, and automate contract workflow processes. FullBloom developed new workflows to help increase the speed of their contract approval process. “The connection between the workflow, intake, and the data you can pull out using AI really creates a very powerful tool that has been extremely beneficial to our company,” Horning says. 

Sync all contracts across the organization in a single source of truth. Being able to utilize features like Evisort’s document grouping capabilities allowed stakeholders to easily organize, locate and navigate groups of contracts and related documents that they needed to access quickly.

Want to see how Evisort’s best-in-class AI can help you quickly turn your contracts into searchable data? Schedule a demo today!

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