How TORM consolidated all supplier contracts into one system

TORM is a major carrier of refined oil products, operating a fleet of 80+ vessels from eight offices worldwide. Until recently, supplier agreements lived in an outdated SharePoint solution and private archives — with no single view across the organisation.

TORM replaced those scattered sources with Next Contracts — one cloud-based system for all supplier agreements. This gives the company better control over master data and automates key tasks in contract handling.

Next gives all 200 users a single, structured view of every supplier agreement. Reminders ensure that no cancellations, renewals, renegotiations, or deadlines are missed. Permission control means only the right colleagues can create, edit, approve, view, or delete contracts — across locations and time zones.