Drive Efficiency & Performance

Simplify third-party contract processing with advanced AI that intelligently parses documents, extracting vital information swiftly and accurately. Take action on risk-informed clause recommendations that are surfaced from supplier risk profiles to mitigate risk exposure. And cut down review cycle times with generative AI-powered contract summaries that summarize terms, dates, and obligations.

Powerful workflows enable efficient collaboration for negotiations, internal contract review, and approval to ensure strict control and capture audit trail. Embedded workflow triggers automatically route high-risk terms for review.

Reduce the time to negotiate, approve, and finalized drafted contracts by giving legal and other departments the full benefits of the clause library and workflow within the most-commonly used contracting tool: Microsoft Word.

Accelerate contracting of new sourcing awards by automatically pushing bid data to contracts. Immediately pass new contracts into purchasing to ensure employees are buying against the latest terms and then automatically validate invoices against contracted pricing to ensure value capture.

Capture every contract — whether on your paper or not — in a single repository for company-wide visibility, including a prevailing terms view that summarizes the state of the current agreement across multiple contracts with a single counterparty.

Maintain tight control of contract risk with built-in risk scoring both during the drafting process and post-execution to provide consistent risk maintenance across all contracts.

Keep close track of important dates and minimize service disruptions with automated contract milestone alerts and customizable dashboards. AI-powered peer benchmarking and KPIs identify any inefficiencies and areas for improvement in your contracting process.