CONTRACT TRACKING MADE EASY

CONTRACT TRACKER - Organizations struggle to keep track of contracts after they sign them. If that's you, you likely have any of 3 common problems:​

  1. ​You have a broken process for getting contracts into one place.

  2. You do not have AI to get contract data out of a contract.

  3. You do not have enough people to do the work of chasing contracts.

We keep track of your contracts using AI, and our specialist lawyers. enforce is used ​monitor the following amongst others:

  • Expiry Dates

  • Renewable Dates

  • Payment Dates

  • Force majeure exposure

  • Due diligence

  • Change of control analysis

  • Pricing changes

  • Termination for convenience analysis

  • Revenue recognition projects

  • Regulatory change remediation

  • Playbook compliance

STEP ONE: UPLOAD THE CONTRACT FOR SCANNING THROUGH OUR BANK-GRADE SECURE DOCUMENT EXCHANGE. WE HAVE MADE IT SEAMLESS, EASY, AND SECURE THROUGH A SINGLE PLATFORM.

At this point, our Specialists Lawyers and Software Engineers are on-hand to begin work on scanning the Contracts.

 

STEP TWO: SCAN

We scan the Contracts with AI and store your important data in the Document Exchange, updating old contracts as we go. We link parent agreements with their children, de-duplicate files, extract and normalize field data, and update end date reminders.

We will scan most anything from documents. Popular fields include:

  • Assignment Rights

  • Autorenewal Notice Date

  • Autorenewal Time Period (months)

  • Change of Control

  • Contract Value

  • Contract Title

  • Contract Type

  • Counterparty

  • Counterparty Address

  • Current End Date

  • Executed (Yes/No)​

  • Fields specific to your business (business unit, product, etc.)

  • Force Majeure

  • Original End Date

  • Parent Contract (we map parent contracts to child contracts) 

  • Party

  • Privacy Obligations

  • Start Date

  • Termination for Convenience

  • Termination for Convenience Notice Period Days

  • Term Type (fixed, autorenewal, etc.)

  • ​And many, many more

 

STEP THREE: ALERT

We monitor all the fields extracted from the contract and interface directly with counter parties by email and calls to enforce the fields. We alert clients and the counterparty on performance of the fields in the Contracts and provide custom reports on dates, renewals, and key contract activity.