Challenge
The legal team at Santos faced a familiar story: cost-cutting, a head-count reduction and a massive workload.
Solution
A full continuous improvement review streamlined and simplified their entire procurement workflow from deal initiation by the business to contract approval and signing – for offshore gas rigs to office supplies.
Impact
- 70% reduction in time spent dealing with procurement contracts saving >$5M.
- Reduced 42 templates to 8 and 48 user guides to one user-friendly system.
- Improved turnaround times by 3 weeks.