Contract Analytics and Analysis Solutions

Stay ahead of the curve by turning contracts into valuable insights!

Contracts are the foundation of any business relationship. These contracts carry vital information such as financial agreements, partnership clauses, implications in case of failing the contract terms, and many similar aspects to be applied during the contract tenure.

Sometimes, due to these kinds of negligence, companies have to bear the consequences like financial and reputational losses due to non-compliance, substandard delivery, auto-renewals without reconsideration process, missed or delayed payments, penalties, etc.

Knovos’ Contract Analytics solution enables you to explore insights about your company’s contract operations, obligations, liabilities, and opportunities. Artificial intelligence and Machine Learning techniques are the basis of the effective contract analytics solution.

Additionally, Optical Character Recognition (OCR) amplifies the analytics capabilities and makes it more effective. Knovos’ contract intelligence helps in visualizing the contract workflow and access valuable information rapidly.

Analyze contracts efficiently and make prolific decisions out of them!

Instant risk assessment

Contract analytics help you analyze all your contracts quickly, offering you insightful information. It enables you to map down and understand the intent of the terms and clauses, assessing the involved risks in contracts.

Better insights

Analyze the contract-related information like Agreements, Dates, Parties involved, Costs, Partnership Terms or clauses, Contract Type, Rights, and more in a few clicks.

Actionable Information

Do not let your contract repository collect dust; utilize the database to churn out useful information. Create custom reports to gather actionable data for operations, procurement, finance, and sales to optimize vendor and client relationships.

Safeguard your business from Revenue leakage and risk

Contract analysis helps you summarize the contracts containing skeptical words, signifying you to renegotiate more favorable terms for future renewals or discuss amendments.