Challenge

The Client provides placement services across various industries, which requires processing a large volume of highly specialized Staffing Agreements. In addition, these agreements needed to be reviewed, the terms negotiated and finally, execution of the same.

• The execution of these agreements follows a lifecycle that requires the go-ahead from various teams to proceed smoothly. This includes
  • a business team to assess the profit margins,
  • a risk team to assess insurance related risks,
  • an FSS team to assess payment terms and pricing related terms,
  • and finally the legal team to do an overall risk assessment and to tweak the agreement in a way which negates excess liability that the Client could incur
• The execution process is not streamlined, and has several bottlenecks which adversely impacts time and money. These resources could be better used for strategic planning of staffing services instead.