FabindiaautomatescontractsandvendorsupplymanagementwithAgiloftCLM
India's largest private platform for handmade products took one of the first steps towards a fully automated procurement and supply chain — moving its contracts from physical files to Agiloft, and going live in weeks instead of months.
Industry
Retail — handcrafted products
Network
55,000+ rural craft producers
Platform
Agiloft CLM
Partner
Virtuos, Agiloft Gold Partner
Challenge & Solution
Where we started, where we shipped
Paper contracts in a business built by hand
Fabindia is India's largest private platform for products made using traditional techniques, skills and hand-based processes. It links more than 55,000 craft-based rural producers to modern urban markets — creating a base for skilled, sustainable rural employment and preserving India's traditional handicrafts along the way. Its products are natural, craft-based, contemporary and affordable.
Its contracts, though, were kept in physical form. Management had no visibility of contract details, contract expiries couldn't be tracked in advance, and legal couldn't get information on contracts pending approval or clearance. Changes made through amendments couldn't be tracked either.
Live in weeks, built on best practice
Fabindia chose Agiloft's contract management solution after a great deal of deliberation within the team and an evaluation of Agiloft's competitors. Agiloft won on its simple interface and wide range of features for managing diverse contracts — a top-ranked leader in Gartner's Magic Quadrant, at an attractive price point.
Virtuos is a Gold Partner for Agiloft, with rich experience implementing complex solutions, and its team has delivered on — and surpassed — customers' expectations. It brought industry best practices for retail and e-commerce from dozens of implementations, and its Vlocis rapid implementation methods took Fabindia live in weeks instead of months. The Virtuos Consultare team is trained and certified by Agiloft as a competent consulting services company.
The Need
What Fabindia wanted from contract management
Legal Team Performance
Contracts coming in, who is working on each, and the status of every contract
One Platform
Every contract interaction, across all teams, captured in one place
Documents in Any Format
Stored in multiple formats, with easy lookups across the contract lifecycle
A Step Towards Automation
CLM as one of the first steps in automating procurement and the supply chain
Scheduled Reports
Team performance on approvals, active contracts and more
Fabindia connects more than 55,000 rural craftspeople to modern markets. Automating its contracts was an early step towards a fully automated supply chain — and with our rapid implementation methods, it took weeks, not months.
Venky Vijay Reddi
Founder & Chairman, Virtuos
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