Solutions

Contract Intelligence

Gain AI-based insights for faster reviews, reduced risk and new revenue opportunities

Overview

Harness the power of AI to increase efficiency, productivity and savings

In large organizations, contracting teams can manage more than 50,000 contracts a year.^[1] Manual reviews and basic analysis are not enough to discover hidden insights from large, growing collections. Employees need an efficient way to find and learn from contracts to accelerate legal reviews, mitigate risky processes or spot new revenue opportunities.

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.

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.
Accelerate contract legal reviews

Automate legal reviews with AI-based processes to streamline contract and clause detection, classification, comparison and more.
Reduce in-contract risks

Utilize analysis and interactive reporting to highlight potentially risky content, such as conflicts with data privacy regulations or organizational rules.
Improve content findability within contracts

Classify and organize contract files efficiently to provide consistent search results and gain clients’ trust.

Business impacts

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.
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.
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.
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 Mining
Make sense of content, millions of pages at a time
OpenText™ Magellan BI and Reporting
Improve decision making with embedded self-service reports and dashboards
OpenText™ Output Transformation Server
Transform 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 journey
Consulting Services
Comprehensive Information Management services and resources
Explore Professional Services
Reduce time-to-value of Information Management solutions
Packaged Services

Training

OpenText Learning Services offers comprehensive enablement and learning programs to accelerate knowledge and skills.

Semantic Strategy Workshop
Explore how semantic technologies can be leveraged in your organization