250,000 contracts, 3 ERPs, and a fast-moving integration timeline
Getting “more” from your data. A lot of companies talk about it. But our client, a leading industrial services provider, takes pride in doing it.
So when the client acquired a publicly traded complementary business in a multibillion-dollar deal that expanded revenue opportunities, its commercial leaders moved quickly to uncover value.
But getting to that value—and the data behind it—wouldn’t be easy. The acquired company’s management of commercial contracts was largely manual, decentralized, and lacked common processes. Contract data was scattered across three different enterprise resource planning (ERP) systems, shared drives, personal desktops, and even email attachments. In total, more than 250,000 contract documents were inherited at once—with many of them redundant, inactive, or missing key terms. With no centralized repository or consistent pricing framework, the integration teams struggled to make sense of what customers were paying, what they should be paying, and how to correct it.
For the client’s leadership, the stakes were clear. The company had committed to delivering at least $100 million in annual run-rate synergies from the acquisition—and the revenue management organization was a critical lever. Hitting that target meant empowering the commercial teams (revenue, sales, customer, legal) to rapidly surface opportunities around closing gaps from revenue leakage and optimizing terms from Day One of the acquisition. The challenges included:
- Pre-close restrictions and contract volume: Due to regulatory requirements, our client could not directly access the target’s commercial contracts pre-close, since the two companies competed in overlapping markets. That meant the integration teams would have to sort through more than 250,000 contract documents at deal closing, with no clear visibility on how to prioritize them or understand which had the most value.
- No centralized contract repository: Terms, pricing, and obligations were scattered across multiple systems and disparate files, making it difficult for teams to assess risk, revenue, and opportunities. The lack of a centralized view led to inconsistent procedures and manual workarounds.
- Manual, fragmented workflows: Sales, revenue management, and legal teams were pulled into reactive “swarm” efforts to address account issues and contract requests.
- Missed pricing opportunities: Many contracts hadn’t been reviewed in years. Service-based surcharges and price escalators were often overlooked, and outdated rates continued indefinitely.
- Limited visibility for decision-makers: Without clear data, leaders couldn’t forecast confidently or take proactive pricing and renewal actions.
- Mounting pressure to deliver results: Public synergy targets added urgency—and early wins were needed to build momentum.