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Selecta AG: Transforming Contract Management in Retail Services from Complexity to Clarity
Streamline Procurement Processes and Elevate Contract Efficiency with Zycus’ Cutting-Edge Solutions
Challenges
- Difficulty in maintaining efficient contract lifecycle management.
- High operational costs due to manual contract processes.
- Inadequate visibility into contract compliance and performance.
Solution
- iContract (Contract Lifecycle Management): Centralized all contracts into a single, searchable repository, replacing fragmented storage systems and manual tracking.
- Automated Contract Workflows: Implemented rule-based approvals with hundreds of workflow conditions to standardize governance and eliminate delays.
- Contract Visibility & Control: Enabled proactive contract oversight, reducing renewal risks and improving compliance across regions.
- AI-Ready Foundation (Future Phase): Established a digital contract backbone to support AI-driven contract intelligence, analytics, and risk-based automation.
Result
- Enhanced contract lifecycle efficiency by 40%.
- Reduced operational costs by 30%.
- Achieved 100% visibility into contract compliance and performance.
Value Metrics
125 Active Users
Managing contracts efficiently across the organization
690 Contracts Digitized
Single source of truth for all agreements
255 Workflow Conditions
Powering automated, policy-driven approvals
815 Multi-Condition Workflows
Ensuring seamless, compliant contract routing at scale
Selecta is a leading multinational vending and coffee services company within the Food & Beverage industry. Known for its innovation, Selecta provides high-quality refreshment solutions tailored to consumer needs across Europe.
Website (www.selecta.com)
Zycus iContract is not just a solution, it’s Selecta’s pathway to smarter, faster, and more compliant contract management.”
Deputy Group CPO
Hannes Wengle
Selecta AG
