Contract Life Cycle & Risk Automation
The Decision Engines ContractIQ revolutionizes contract management by digitizing, managing risk, and provisioning standard and third-party supplier contracts. With the power of AI and ML bots, it empowers legal and non-legal business teams to extract key elements, track, analyze, and effectively manage risk throughout the contract life cycle.
Legacy Contract Migration
Migrate Contracts from legacy document stores with intelligent content extraction to modern document stores and CLM systems.
Digitize existing and new contracts post-signing and create a single searchable store of contracts as well as update key systems with contract performance data.
Contract Risk Mitigation
Track deviations of clauses and field values from company standards during negotiations to optimize total contract risk.
Tie key contract field data into other systems such as AP or AR to enforce contractual agreements such as billing rates etc.
for standard clauses & fields
Decision Engines ContractIQ leverages patented AI and ML Bots to empower business teams, both legal and non-legal, in extracting key elements from contracts. It enables efficient tracking, analysis, and risk management throughout the contract lifecycle. The solution, trained on numerous contracts and legal documents, can automatically extract common clauses and fields from machine-incompatible formats like PDFs and Images. With a 90% accuracy for standard clauses and fields out of the box, it delivers an immediate ROI.
Our Partners include top-tier technology companies who value the transformative power of AI in driving innovation, efficiency, and strategic decision-making.