StoneX Group, A Global Financial Services Network Garners 5x Growth in Users Across Sales, Procurement and Legal by Adopting Zycus AI- powered CLM 

 

About StoneX Group :

A Fortune-500 Global Financial Services Network Company connecting:

  • Institutional and individual clients to 39 derivatives exchanges
  • 175 foreign exchange markets nearly
  • Every global securities marketplace 

Headquartered in New York, NY, US 

Operates with 3000 employees across 70 offices spread across 5 continents. 

StoneX Contract Management Challenges: 

30,000+ institutional and 330,000+ retail clients across 180 countries meant: 

  • Global contracts coming via emails and customer service centers 
  • Scattered contracts under various categories meant slower contract initiation 
  • Organizing the global agreements that were scattered across files and folders.  
  • Visibility into these contracts without a central repository 

Key Outcome: 

  • StoneX user adoption scaled 5x to 500+ actives within 11 months 
  • increased accountability and removed redundancies 
  • Thousands of contracts have been authored, amended, and securely stored in Central Repsitory 
  • Increased collaboration and productivity within StoneX 
  • Significantly reduced the time on searching key contract information 

To know more about how Zycus helped StoneX achieve the key outcomes, please download the detailed Case Study 

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