Contract Management from Exigent helps Hub International save time and slash costs
Hub International improves asset utilization by 15% with contract management from Exigent
Hub International is the 6th largest insurance broker in the world, with 450 offices and 11,000 staff. With such a huge portfolio of real estate, occupancy was the company’s second largest expenditure. Keen to manage this portfolio centrally, while extracting value and mitigating risk, Hub needed a partner who could consolidate and manage these contracts while still providing value. Partnering with Exigent, the broker, which has a reputation for innovation and efficiency, gathered its commercial lease portfolio data into a single central repository. Exigent then analyzed the data and extracted the statistical information that showed it was possible to reduce property-related costs by 10% and improve asset utilization by 20%. With all of its contracts digitized and centralized on a customized Exigent contract management platform, Hub International now uses this data at board level to make more informed commercial decisions, mitigate risk around its property portfolio and drive cost savings.