Contracts form the foundation of all business relationships. In fact, 60-80% of business transactions are governed by written contractual agreements and a typical Fortune 1000 company maintains 20,000-40,000 active contracts at any given point of time. Despite the large scale and criticality of contracts, once signed, they are often stored away in file cabinets and storage systems. With no concrete way to look them up or monitor their performance, they become dormant and remote history. This could have significant implications for companies including financial and reputational losses due to non-compliance, substandard delivery, auto-renewals, missed payments, penalties etc.
With an integrated, next-gen contract repository solution, these once neglected documents can be transformed into a powerhouse of contract efficiency. Artificial Intelligence powered Advanced Contract Management solutions enable effective and accurate searching, tracking and evaluation of contracts through metric driven process streamlining post sign-off:
1. Effective Contract Performance
- Increase contract visibility
- Configure metrics and milestones
- Track and measure contract performance
2. Accurate Contract Compliance
- Stay on top of regulatory compliance
- Avert risks with risk modeling/analysis
- Fulfill contractual and commercial obligations
Topic: Ultria Stand Alone AI: Power Your Contract Migration and Metadata Extraction
April 2nd, 2019 | 2 pm ET
Co–founder & Executive Vice President, Ultria
Mr. Raguette is very passionate about the application of innovative technologies to solve real-world business problems with a strong emphasis on enterprise solutions. Arthur has more than two decades of experience in working in Information Governance domains across industries. Arthur’s prior technology passions included high-performance B2B middleware, SaaS deployed master data governance platforms and hybridized SaaS applications for HR, and Employee domains.
Regional CEO Americas and Global General Counsel, IACCM
Peggy has deep expertise in strategic contracting, commercial and competition law, mergers, acquisitions and divestitures, business operations etc. Having managed many contracts professionals who truly understand the critical intersection of business and law, she is a strong advocate of the contracting function and the key role that contracts professionals play in achieving excellent business results.