The California Public Employees’ Retirement System (CalPERS) revolutionized its contract lifecycle management to address inefficiencies in managing contracts for its 2 million members. Manual processes and siloed workflows caused significant delays, extended service level agreement timelines, and increased the risk of errors. These challenges highlighted the urgent need for government procurement automation to streamline operations.

By partnering with Authorium, CalPERS transitioned from outdated methods to an automated, centralized platform tailored to their needs. This modernization reduced redundancies, improved data accuracy, and provided real-time insights into contract statuses. The shift empowered teams to accelerate timelines, enhance collaboration, and better manage compliance.

Through this transformation, CalPERS demonstrated how embracing contract lifecycle management automation can drive measurable improvements in efficiency and transparency, enabling public agencies to meet the evolving demands of their stakeholders.

Key Takeaways:

• Significant Time Reduction: Potential 40-50% decrease in service level agreement timelines through automation.
• Enhanced Data Management: Improved data accessibility and storytelling by consolidating information into a single platform.
• Streamlined Processes: Elimination of redundancies and manual errors, leading to more efficient contract lifecycle management.