Contract Compliance

Deloitte’s AI-Enhanced Contract Management Solution can transform contract lifecycle management by automating and orchestrating critical steps. The solution establishes a centralized, searchable repository for all active contracts, amendments, and key metadata, mitigating fragmented storage and manual document handling. AI-powered natural language processing extracts and structures critical financial terms such as payment schedules, pricing, penalties, and milestones enabling instant access to actionable contract data. Payment obligations and milestones are continuously monitored, with AI agents issuing timely alerts to confirm no deadlines or escalations are missed. Service level agreement (SLA) compliance is tracked in real time, with automated calculation of penalties or credits based on performance data. Price adjustments and escalations are managed automatically, as AI interprets contractual clauses and implements changes according to index references and caps. Renewal management is optimized, with AI predicting renewal timing, managing notice requirements, and suggesting negotiation strategies. Continuous compliance verification determines both parties meet their obligations, with exception reporting for any deviations. The solution proactively identifies and scores financial and operational risks in contracts, recommending mitigation strategies to reduce exposure. Volume commitments are tracked against actuals, with AI predicting achievement and flagging potential shortfalls. Amendment management is streamlined, as AI maintains a complete history of contract modifications and analyzes their financial and operational impacts. In the event of disputes, AI assembles all relevant contract provisions, correspondence, and historical context to support resolution. Finally, dynamic financial impact reporting provides real-time insights into obligations, savings opportunities, and risk exposures across the contract portfolio, leveraging predictive analytics for forward-looking decision support. By automating and integrating contract management, Deloitte’s solution can deliver greater efficiency, compliance, risk control, and value realization for organizations managing complex contract landscapes. This professional service utilizes Amazon Bedrock, Bedrock Agents, Strands Agents, Lambda and OpenSearch.