US convenience chain Casey’s General Stores has opted for IntelAgree’s AI-driven contract lifecycle management (CLM) solution to refine its approach to handling contracts.
With approximately 2,900 stores, the retailer has adopted IntelAgree’s comprehensive suite. This includes the Saige Assist generative AI assistant, which is said to help boost efficiency and scalability in contract-related activities throughout the company.
Go deeper with GlobalData
The implementation spans various departments from legal and procurement to the wider scope of business processes.
Casey’s chief legal officer Katrina Lindsey said: “At Casey’s, we’re always looking for ways to operate smarter and serve our communities better. IntelAgree gives our teams the tools to work faster, reduce risk, and focus on what really matters — delivering value to our guests and team members. We’re excited to work alongside a company that shares our commitment to meaningful, everyday impact.”
By integrating IntelAgree into its operations, Casey’s will benefit from range of AI-enhanced tools designed to mitigate risks, optimise workflow efficiency, and facilitate informed decision-making.
IntelAgree will assist Casey’s in managing a broad spectrum of contracts including vendor agreements and internal operations, as well as strategic endeavours.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataThe platform offers a centralised repository for contracts, automated approval processes, real-time analytics dashboards, and the support of Saige Assist throughout the entire contract lifecycle.
IntelAgree CEO David Hull said: “Casey’s purpose is rooted in care: to make life better for communities and guests every day. That kind of commitment resonates with us. At IntelAgree, we’re focused on streamlining contract management so teams can spend more time on impactful work. When our partners’ values align, good things happen.”
Last month, the retailer said it delivered notable performance for the third quarter with robust growth in sales, encompassing both in-store and external transactions.
Earnings per share (EPS) on a diluted basis remained unchanged at $2.33, mirroring the figures reported in the corresponding period of the previous year. The company’s net income held steady at $87.1m, showing no variation from the prior year’s results.
However, earnings before interest, taxes, depreciation, and amortisation (EBITDA) experienced an 11.4% rise to reach $242.4m when compared to the same quarter of the previous year.
Comparable store sales saw a 3.7% uptick relative to the previous year and demonstrated an 8% growth when evaluated over a two-year period. The profit margin for in-store items was recorded at 40.9%.
In terms of total in-store gross profit, there was a notable increase of 14.3%, culminating in $573.1m as opposed to last year’s figures.
In September 2024, Casey’s reported net income of $180.19m in the first quarter (Q1) of fiscal 2025 (FY 2025), up 6% from $169.23m in Q1 FY 2024.
