Contract discovery and analytics for the enterprise.
As many organizations grow, they create and manage contracts for sales, procurement, legal, and other areas of the business in disparate and disconnected repositories. Each LOB has their specific needs and requirements, and so it makes sense to maintain the contracting process in the LOB.
The problems arise as many contracts get lost, and their terms and conditions are forgotten and unenforced. These contracts “in the wild” across multiple repositories and servers, add unnecessary and significant risk and cost to the organization as a whole.
Most organizations, through a business event, M&A activity, regulatory mandate or just wanting to get their risk under control work to fix the problem. But they’re often forced to undergo manual contract reviews, which are very expensive and disruptive.