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In procurement, managing supplier contracts and agreements efficiently is vital to ensure compliance and support smooth procurement operations. Effective contract management can greatly enhance productivity and reduce risks.
AI Contract Review provides the solution.
Ensure compliance and risk management across all procurement agreements.
Utilise intelligent search capabilities to quickly find key terms in your contracts with our advanced portfolio analysis tools.
Procurement professionals face the challenge of managing various supplier contracts and agreements while ensuring compliance. Delays and errors can disrupt procurement processes and increase risks.
By using ThoughtRiver, you can streamline the management of supplier contracts, ensuring compliance and enhancing overall procurement efficiency.
"The platform reviewed complex agreements in less than 3 mins at an accuracy level of above 90%. The same contract took qualified lawyers 4 hours to review at an average accuracy rate of 86%."
Joe Stephenson - Partner and Head of Technology at Shoosmiths