RiskAI speeds up contract review, automates risk analysis, and boosts compliance with AI-driven insights—enabling enterprises to save time and money.
Enterprises managing large volumes of contracts must ensure they conform to regional, corporate governance, and risk management standards. Manually reviewing contracts takes time and is subject to human error, costing the business expensive resources and exposing risk.
The RiskAI application significantly accelerates the contract review process while reducing risk. Generative AI compares contract language to a company’s predefined risk parameters by contract type.
RiskAI enhances contract management by accelerating reviews, identifying clause-level risks, and providing tailored mitigation strategies. Leveraging generative AI, users can query contracts and receive recommendations through free-form and predefined prompts. It optimizes resource utilization, reduces manual labor, and ensures compliance, boosting overall efficiency.
Benefits
RiskAI streamlines contract management by enforcing corporate compliance standards, identifying risks early, and enabling bulk contract analysis. Automating manual reviews allows companies to reduce costs, optimize resources, and boost overall efficiency.
RiskAI ensures that all contracts conform to regional, corporate governance, and risk management standards, reducing the risk of non-compliance.
The application helps identify and mitigate risks early, preventing potential financial losses due to non-compliance or overlooked contract clauses.
RiskAI supports bulk analysis, allowing users to analyze a set of contracts and generate a combined report, saving time and effort.
RiskAI automates the contract review process, reducing the need for extensive manual labor and significantly saving costs.
Features
RiskAI leverages generative AI to analyze contracts against predefined risk parameters from company playbooks. It offers an intuitive dashboard that displays overall risk scores, clause-level assessments, and mitigation suggestions, with risk levels indicated in green, yellow, or red.
Define risk criteria by contract type and assign risk scores using detailed logic specific to the organization.
Surface risks as per risk criterion at the clause level with document references (clause snippet, section number, etc.).
Within the results dashboard, steps are highlighted at the clause level for users to mitigate risks.
View results in the dashboard or download and share the summary in easily consumable PDF format, including a summary of the contract, amendment and associations.
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