Leveraging Contract Management & Artificial Intelligence to Eliminate Exposure
Contracts are the backbone of any enterprise - they determine the responsibilities and expectations for each party and any consequences for failing to adhere to terms. They also create risk if poorly executed or managed, which could result in losses that could potentially continue for years. So how can you mitigate this risk and identify issues before they become damaging?
Historically, contract analysis has been a difficult and manual task, only being done when trouble is already brewing. Thankfully, with advances in technology the process for intelligent risk scoring has become easier, more accurate and proactive. Download this eBook now to learn what contract risk scoring is, how to risk score your entire contract portfolio, and how to implement a process. By applying a risk scoring method, you'll save time and avoid contracts that expose your organization to unacceptable levels of risk.
Learn how to assess the risk of contracts and why it is so important
Understand advances in technology that automate contract risk analysis
Identify your entire contract portfolio with a risk scoring process
Consider implementing a risk scoring algorithm with an AI-driven engine
According to IACCM¹, the average cost of poorly written contracts to enterprises is about 9.2 percent of annual revenues"
Protecting you from unwanted risk, enterprise-wide
Store all of your contracts in one secure and searchable repository
Automatically capture data from any contract, including legacy or 3rd party agreements
Analyze and manage the risk of each contract with an advanced risk scoring algorithm
Empower self-service contracting with pre-approved templates and clauses
Track obligations and commitments through the entire lifecycle of a contract
Overarching view into underlying terms to make on the fly, strategic decisions
"This initiative is a great example of the success that can be achieved when proven technology combines with a skilled team. Exari’s multilingual document generation capability is of great interest as Lloyd’s reaches out to emerging markets."
"As our legal teams are spread across the globe, we needed to glean meaningful insight from our entire contract portfolio. For us, Exari’s search and sort functions mean we’re organized, while the risk score and reporting functions mean we are confident we know what’s in our contracts."
"DLA Piper strives to be the leading global business law firm and one way we do so is by delivering quality and value to our clients in new and practical ways. By partnering with Exari, our clients will have access to a cost-effective, self-service solution for creating contract documents, and our lawyers will be able to focus on providing sophisticated legal guidance, such as advising clients on important business and risk management decisions relating to the negotiation of those contracts."