Contract Automation
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.
Contract Digitization
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.
Contract Enforcement
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.
Realtime Learning
The solution utilizes active learning bot technology to learn custom clauses and fields that business users markup using a highly intuitive UI. This closed-loop learning technology enables rapid improvement in accuracy as well as adapts the solution in real-time to specific customer needs without the intervention of IT teams.
Risk Scoring
Decision Engines’ risk scoring bots can be customized to apply rules and AI algorithms for assessing risk, taking into account deviations from standard clauses or specific field ranges. This empowers legal and delivery owners to effectively manage risk without getting overwhelmed by extensive legal jargon and lengthy documents.
End-To-End Automation
By leveraging the wide array of integration bots on the platform alongside the option to create custom bots, users can unlock endless possibilities to achieve desired levels of automation, all within a single unified platform. This not only minimizes project risk but also streamlines the IT landscape, resulting in a simplified and efficient solution.
Any Document Type
Our platform support all formats like TEXT, EXCEL, IMAGE, PDF, WORD from different sources like FTP, GDRIVE, eMail and business applications like Salesforce, Apttus …etc
Auto Scaling
ContractIQ is built on the robust Decision Engines Intelligent Process Automation platform and scales to any volume elastically based on customer needs and SLA guarantee requirements.
User-friendly Interface
ContractIQ features a user-friendly interface, ensuring that users can easily navigate through the system and access the features they need. This results in a smoother experience and faster learning curve for all users, regardless of their technical proficiency.
Our Partners
Our Partners include top-tier technology companies who value the transformative power of AI in driving innovation, efficiency, and strategic decision-making.
