AI-Powered Contracts Analysis & Risk Review
Nia Contracts Analysis Can identify and extract key clauses and terms from your contracts
Nia Contracts Analysis Can help mitigate your contractual risks by comparing and redlining clauses and terms
Nia Contracts Analysis Can reduce your negotiation cycle by enhanced contract review and analysis
The Nia Contracts Analysis Advantage
Nia Contracts Analysis leverages advanced Machine Learning techniques to help customers across industries derive insights from their contracts and other legal documents.
Nia Contracts Analysis leverages ML techniques such as vision-based, semantics-based, and language-sequence-based to transform the process of analyzing and reviewing contracts. It provides an intuitive workbench with different personas to configure and train ML models.
Mitigate operational risks
Prevent revenue leakage
Ensure contractual compliance
Nia Contracts Analysis has the answers
Are you equipping your legal team with right tools to review contracts efficiently?
Are you enabling your legal team with insights rather than data?
Are you worried about the risks hidden in your vendor and supplier contracts?
Are you worried about longer Contract Negotiation cycles?
Mitigate contractual risks related to Force Majeure during COVID-19 Read More
Typical Industry Challenges
- Complex hierarchy between the contracts, their sub-agreements and related documents which constantly change over time
- Complexity in analyzing contracts due to multi-party agreements, global delivery models, pricing constructs etc.
- Constant threat of revenue leakage as a result of mismanagement of contracts
How Nia Contracts Analysis Can Help
- Risk reduction: Ease of reading and interpreting the documents can mitigate revenue leakage and ensure accurate and timely recognition.
- Superior compliance: Ease of compliance verification accelerates updates due to the ability to link various document sources.
- Increased versatility and visibility: This facilitates transversal to search and retrieve information.
- Improved time management: Experts’ time saved in dealing with documents on an ongoing basis.
- Minimal IT intervention: System is configured by business and SMEs with minimal intervention from IT.
Re-assessing your contracts with an AI based solution during COVID-19 Crisis Read the Blog
Gearing Up for LIBOR Transition
The Next Steps — What does the new paradigm mean? How can financial institutions keep the lights on?
Review, Repapering, and Remediation for smooth LIBOR transition
As the global financial markets brace themselves for a major change in 2021 — the phasing out of the London Interbank Offered Rate (LIBOR) — leading financial services company are looking for an end-to-end solution for a seamless LIBOR transition.
Financial services must accelerate their efforts to transition from LIBOR to mitigate future risks, avoid uncertainties, and build actionable solutions.
NIA CAN
M&A – Due Diligence
Understand supplier, customer and regulatory obligations of your target company during due diligence. Synergies of clauses/templates during post-merger integration to reach ‘Business as Usual’ quickly.
Lease Abstraction
Locate specific, key information from a lengthy lease document and isolate it for users to monitor, review and update easily. Export abstracts to already existing CLMs or Lease Management Systems.
Third Party Contracts
Third party contracts are difficult to manage because they are written on third party templates. Extract and process of large volumes of third party contracts and identify and understand third party terms.
Regulatory Compliance
Take control of your contractual landscape by responding to a rapidly changing regulatory environment (GAAP, BREXIT, GDPR, IFRS).
Procurement
Manage risk in Supplier Contracts and ever changing vendor ecosystem. Discover relevant terms and clauses buried in these contracts.
Finance
Prevent revenue leakage and never miss an opportunity to gain revenue through discounts and refunds from clauses buried in your contracts.
Legal
Ensure that important contracts get the appropriate legal review, while automatically clearing clauses that have standard language.
Divestitures
Understand assignability rights in the contracts and monitor ‘change of control’ Clause to determine whether contractual obligations lie with divested entity of parent company.
Contract Intelligence
Identify risks and deviations from standard positions during contract negotiation.
Resources
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