Coca-Cola HBC selects Lexis Bespoke
LexisNexis’ contract automation service Lexis Bespoke has won as a client Coca-Cola Hellenic Bottling Company (Coca-Cola HBC), one of the world’s largest bottlers of Coca-Cola, which has selected Lexis Bespoke to help dramatically speed up drafting contracts and reduce the time spent on review.
Lexis Bespoke is an end-to-end fully managed automation service in which the Lexis team take charge of automating one or more documents and notify the client as and when documents need updating. It removes the need to invest in software licensing so users only pay for what they use. Firms can leverage the experience of the Lexis Bespoke team of automation experts to fast-track the delivery of automation systems alongside the development of their automation strategy.
Coca-Cola HBC is now able to able to draft some documents in 15 minutes, rather than ten hours. “It’s saving us a bucket load of time,” said Becky Jones, CCHBC’s legal director, company secretary and ethics and compliance officer for the Island of Ireland (IOI). “We conservatively estimate that from September to December, the Procurement team alone saved at least 210 man hours. They clearly understood the challenges we faced. Their experience and knowledge meant they were extremely helpful, guiding us through the process and giving us really practical tips on the best ways to achieve what we wanted. Contracts are no longer run past legal “just in case”. Procurement has the confidence that they can quickly produce an up-to-date contract that’s appropriate for their situation.”
Nigel Rea, director of precedents, drafting and forms at LexisNexis said: “We’re delighted to have helped bring Document Automation to life for Coca Cola HBC. The project is a perfect example of how legal teams can use automation to create powerful self-service portals based on business logic to help reduce risk and improve efficiency.”
Read the case study at www.lexisnexis.co.uk/Coca-colaBespoke.
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