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Your Guide to Contract Risk Scoring

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. 

 

Download Your eBook

Download Your eBook :

This eBook will help Contract Professionals: 

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Learn

Learn how to assess the risk of contracts and why it is so important

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Understand 

Understand advances in technology that automate contract risk analysis 

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Identify

Identify your entire contract portfolio with a risk scoring process

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Consider

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"

¹https://www.thomasnet.com/procurement/2013/06/21/bad-contracts-cost-companies-good-money

 Enterprise Contract Lifecycle Management 

Protecting you from unwanted risk, enterprise-wide

 

GLOBAL DOCUMENT & CONTENT REPOSITORY

Store all of your contracts in one secure and searchable repository

COMPLETE VISIBILITY

Automatically capture data from any contract, including legacy or 3rd party agreements

RISK MANAGEMENT

Analyze and manage the risk of each contract with an advanced risk scoring algorithm 

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INSTANT REQUEST MANAGER

Empower self-service contracting with pre-approved templates and clauses 

FLEXIBLE APPROVALS AND WORKFLOWS

Track obligations and commitments through the entire lifecycle of a contract

EFFICIENT REPORTING

Overarching view into underlying terms to make on the fly, strategic decisions

Don't Take Our Word For It... 

"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."

Sean McGovern

Chief Risk Officer and General Counsel, Lloyd's

“Exari will give us visibility into our entire contract portfolio. We were impressed by the platform’s automation and reporting capabilities and its ability to structure contract data. We believe that the collaboration between Kforce and Exari will improve our contracting process.”

Dan Keating

VP of Procurement, Kforce 

"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."

Victoria Lee

Global co-chair, DLA Piper's Technology sector
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