Malbek, today’s most cutting-edge, AI-fueled Contract Lifecycle Management (CLM) platform, announced today that Fender Musical Instruments Corporation (FMIC), the world’s leading guitar brand, has selected its CLM solution and proprietary Lifecycle AI™ module to scale contract management processes and unlock actionable contract insights.
“Fender needed a scalable CLM solution that would provide a single source of truth for contract data while also driving process efficiencies across the organization,” said Danielle Koehler, Manager, Business & Legal Affairs of Fender. “We are excited to partner with Malbek to get more in-depth, actionable contract data insights that will save Fender valuable time, reduce risk, and accelerate topline revenue.”
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Prior to partnering with Malbek, FMIC’s Legal Department faced challenges related to outdated CLM processes, leading to manual tasks that introduced contract risks and prevented the team from scaling. Fender ultimately selected Malbek for its fast and familiar user experience, ability to automate contract tasks via its Lifecycle AI module, and seamless integrations with daily business applications, such as eSignature providers.
“Music runs deep in every Malbek employee and it’s core to our culture, so we are thrilled to welcome Fender to the family,” said Hemanth Puttaswamy, CEO and Co-Founder of Malbek, “Since Malbek was founded, we have worked to transform contract management to unite the enterprise, just as Fender has transformed music, one guitar at a time.”
- The Malbek platform is trusted by Fortune 500 customers and other large enterprise teams, as well as many small to mid-sized high-growth organizations, to take the hassle out of the entire contract process, allowing Legal, Sales, Finance and Procurement teams to achieve higher efficiencies in contracting processes and increased productivity.
- Malbek Contrax™ has proven to free up legal teams’ time on contracts by as much as 70% by providing all business users with an intuitive, self-service experience. The majority of customers accelerate deal cycles by about 50% within the first quarter of implementation.
- The Malbek Konnect™ Integration Marketplace allows business users to integrate Malbek with their daily business applications through no-code, drag-and-drop software connectors requiring no involvement from IT. Key integrations include Salesforce, MS Dynamics, HubSpot, ERPs, Slack, eSignature providers, and many more.
- Malbek Lifecycle AI™ puts the “L” in CLM, serving as the lifeblood of Malbek Contrax by providing users with timely insights and recommendations every step of the way—both pre and post-signature. Comprehensive, built-in capabilities help streamline contract authoring, review, negotiation, approval, and milestone management.
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