Legal Services Convergence Initiative
The Initiative was a joint effort by the Procurement and Legal teams to transform the delivery model with a selection of focused partnerships. Collaboration with our external service providers was a critical component of the overall collaboration. Bayer consolidated its supplier base for 75% of its spend and established focused management of its selected providers. Through this initiative, Bayer was able to standardize contractual documentation, optimize external counsel engagement processes, increase the use of legal technology and output-based contracts. This initiative involved >70 stakeholders in 30+ countries. Country organizations realized up to 14% savings, in addition to other efficiency benefits.