How bp is Cutting Contracting Time from 92 Days to 14

An interview with Jason Donner, Head of IT Infrastructure, at bp by World Commerce and Contracting's COO/CTO, Paul Branch.

bp has thousands of suppliers around the world, and an increasing number of contracts to process, but a fixed amount of procurement and legal resources. The time to contract for SaaS contracts had risen to an average of 92 days and resources were being stretched to a point where the team worried about increased downstream risk. There was no solution on the market that addressed reducing time to contract significantly while mitigating contracting risk.

During this webinar, you will learn how bp:

  • Co-innovated a solution that transformed negotiations
  • Reduced their time to contract by 77% for SaaS contracts and saved an estimated 60% procurement and legal time
  • Reduced overall contracting risk

You will also see a live demo of ContractAI in action.

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