Contract & Compliance checker

Scan through contracts e.g. with suppliers to see if they are compliant to current and/or new company guidelines

Problem

Problem

Compliance documents in corporates are often quite complex and change often.

There are whole departments making sure that all contracts with suppliers stay in line with the compliance documents which takes a lot of manpower.

Solution

Build a "compliance copilot" which makes the internal team 10x more productive

1/ Easily understand current status of compliance and new changes by just "chatting" with the document

2/ Automatically screen the contracts when new compliance document versions are issued

3/ Propose new terms for the contracts for negotiation with the suppliers

Evaluation

While you cannot run the whole process completely on autopilot yet, having a copilot for the internal team will make them significantly more productive.

They will still have to check everything but now only the parts where changes happened and not the full documents anymore.

Some players exist already - like https://www.creance.ai/ (but i havent used them yet)