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Up to 80% faster DORA compliance with Al-powered contract review
How Boerse Stuttgart accelerated compliance checks and minimized manual workload, cutting contract reviews to just 30 minutes.
80% less analysis time
30 min per contract review
Significant cost reductions
Up to 80% faster DORA compliance with Al-powered contract review
How Boerse Stuttgart accelerated compliance checks and minimized manual workload, cutting contract reviews to just 30 minutes.
80% less analysis time
30 min per contract review
Significant cost reductions
Boerse Stuttgart Group is the sixth-largest exchange group in Europe, with locations in Germany, Sweden, and Switzerland. In capital markets, it is a leading player in structured products and bond trading. With Boerse Stuttgart Digital, it operates the largest crypto and digital business among European exchange groups, providing regulated trading solutions for institutional and retail investors.
Challenge
Boerse Stuttgart Group had to review and update over 100 contracts across multiple service providers under tight DORA compliance deadlines. The traditional manual process was slow and resource-heavy, making it nearly impossible to keep up with the volume using the team’s limited resources while ensuring consistency across all agreements.
Time-intensive process
Reviewing each contract manually took time, on average, three hours per audit across over 100 contracts. Given the volume, this made the whole process lengthy and required a structured approach to keep up with the tight compliance timeline.
Individual contract reviews required
Many service providers require adjustments and additions to their contracts, with some proposing their own DORA annexes. Each of these changes must be reviewed for compliance, making the process resource-intensive and time-consuming.
Regulatory and operational risk
Failing to comply with DORA would have exposed Boerse Stuttgart Group to regulatory, operational, and reputational risks. Staying ahead of these challenges therefore was key to avoiding disruptions and ensuring smooth operations.
Dr. Manfred Pumbo
CFO & CRO of Boerse Stuttgart Group
Why Creance?
To tackle this challenge, Boerse Stuttgart Group needed a solution that could bring speed, structure, and reliability to the contract review process. Creance automated key steps, reduced manual workload, and ensured compliance, turning a resource-intensive task into an efficient, scalable workflow.
Saving resources
Automating contract reviews transformed how the team managed compliance under high workload, limited resources, and tight deadlines. Instead of manually browsing through contracts, they could focus on critical compliance decisions while maintaining a structured, scalable approach.
Fast and efficient results
With pre-check results available in under a minute, the team could quickly identify necessary changes and move straight to quality assurance. This cut down review times significantly and helped keep compliance efforts on track.
Reliable and structured screening
Clear, structured results made it easy for the team to compare findings and verify compliance. This streamlined the review process and ensured that regulatory checks remained efficient and accurate.
Automation for accuracy
Key contract clauses were automatically identified, flagging necessary changes instantly. This helped the team stay on top of compliance requirements and avoid critical oversights.
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Adoption
Boerse Stuttgart Group seamlessly integrated Creance into its workflow with minimal onboarding effort. Designed for intuitive use, it required no extensive training, allowing the team to focus on contract reviews from day one while continuously refining processes in close collaboration with our experts.
Fast adoption with minimal effort
Creance was up and running in one meeting, with no need for additional training. Its self-explanatory interface enabled the team to immediately focus on contract reviews immediately, making the added value clear from the start.
Seamless fit into existing processes
By participating in the beta phase, Boerse Stuttgart Group helped fine-tune Creance to align with its workflows. This close collaboration ensured a smooth integration, making Creance an integral part of its compliance operations.
Continuous optimization through collaboration
Regular exchanges with Creance experts drive ongoing improvements, ensuring the solution keeps pace with evolving compliance requirements and user needs.
Results
By integrating Creance into their workflow, Boerse Stuttgart Group transformed the way they handled contract reviews, gaining speed, structure, and efficiency. With an 80% reduction in review time, the team stayed ahead of tight deadlines without overloading their internal resources. This made the whole process more transparent, simplified risk assessment, and ensured regulatory demands could be managed at scale.
80% faster contract review, reducing analysis time from 3 hours to 30 minutes for higher efficiency.
Optimized resource allocation, cutting manual workload, allowing teams to focus on key compliance tasks.
Reduced third-party risks, ensuring compliance from third-party ICT providers through complete documentation.
Scalable processes, enabling efficient management of increasing regulatory demands.
