Contract Intelligence
Gain AI-based insights for faster reviews, reduced risk and new revenue opportunities
Overview
Contract Intelligence solutions use AI and natural language processing to gain valuable insights from contracts and enable increased productivity, better compliance support and data-driven decision-making.
Key benefits
Impact business and achieve better results.
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Uncover new revenue opportunities
Leverage intelligence and insights within successful sales proposals and contracts to identify cross-sell and upsell opportunities that increase customer lifetime value.
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Accelerate contract legal reviews
Automate legal reviews with AI-based processes to streamline contract and clause detection, classification, comparison and more.
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Reduce in-contract risks
Utilize analysis and interactive reporting to highlight potentially risky content, such as conflicts with data privacy regulations or organizational rules.
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Improve content findability within contracts
Classify and organize contract files efficiently to provide consistent search results and gain clients’ trust.
Business impacts
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Contracts and sales proposals
Sales teams need to write and negotiate winning contracts and sales proposals. Manually performing these processes is time-consuming and increases risk. Use AI-driven content classification and analysis to streamline processes.
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Contract research for legal cases
Legal experts need to find previous cases, judgements and documents related to contract breaches. With large and growing file volumes, the information can be difficult to find. Automate searches to quickly find relevant case files.
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Regulatory responses
Organizations need to perform contract reviews to respond to regulations, such as the California Consumer Privacy Act (CCPA). Vetting the complex, detailed regulation requirements is time consuming and risky. Streamline reviews to minimize risk.
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Corporate transactions
Legal departments must review contracts to support corporate transactions, such as leases, mergers and acquisitions, divestitures and restructuring. Manual review is time-consuming and risks delays. Leverage AI to save time and reduce costs.
Explore the components of the solution
Products
OpenText offers a combination of products to gain valuable business insights from contracts:
- OpenText™ Magellan™ Text MiningMake sense of content, millions of pages at a time
- OpenText™ Magellan BI and ReportingImprove decision making with embedded self-service reports and dashboards
- OpenText™ Output Transformation ServerTransform and generate documents at scale for digital presentment
Professional Services
OpenText Consulting Services combines end-to-end solution implementation with comprehensive technology services to help improve systems.
- Accelerate the Information Management journeyConsulting Services
- Comprehensive Information Management services and resourcesExplore Professional Services
- Reduce time-to-value of Information Management solutionsPackaged Services
Training
OpenText Learning Services offers comprehensive enablement and learning programs to accelerate knowledge and skills.
- Semantic Strategy WorkshopExplore how semantic technologies can be leveraged in your organization
Contract Intelligence resources
OpenText Magellan Text Mining
Read the overviewOpenText Magellan BI & Reporting
Read the overviewOpenText Output Transformation Server
Read the overviewHow can we help?
Footnotes
Footnotes
- [1]EY, The General Counsel Imperative: How does contracting complexity hide clear profitability?, May 2021