On demand · Contracts · Risk

Closing the gap in contract risk management

Why contracts and supplier risk must share a record.

What this session covers

Contract risk breaks down when the agreement and the supplier live in different systems: legal holds the signed PDF, procurement holds the risk score, and neither view knows what the other says. This session covers what changes when both sit on one supplier record — how clause deviations in incoming third-party agreements are extracted and compared against your own standard language, how expirations and renewals become alerts with notice rather than surprises, and why a supplier's liability terms belong beside its current risk score instead of in a separate document repository.

What you can do after watching

• Tie every agreement to the supplier master procurement already uses, so a contract, its performance scorecard and its risk score describe one supplier rather than three unmatched records.
• Extract payment, liability and renewal terms from unstructured third-party documents with customer-trained AI, and compare them against your standards before signature rather than during a dispute.
• Turn expirations, missing compliance documents and lapsed certifications into proactive alerts, so a renewal is a decision taken with notice instead of an auto-renew nobody caught.
• Route review by department, value or risk with adaptive workflows, which is the specific change that moves contract cycle time from months to days.
• Search obligations and clauses across the whole contract corpus, scanned PDFs included, so an exposure is found without opening agreements one at a time.

Related: contracts management

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