Contract Management

Introducing TAO Intellicient- our cutting-edge intelligent automation platform that’s revolutionizing enterprise contract management.

Say goodbye to manual contract creation and cumbersome reviews. Our platform seamlessly transforms the entire process – create and automate rules for new contract creation, exception handling, ongoing management, renewals and maintenance.

Intellicient Contract Management in Action

Streamlining The Hiring Process At A Diversified Global Conglomerate

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Harnessing advanced AI and automation, we streamline contract workflows, ensuring unparalleled efficiency and accuracy. Experience swift contract creation, robust review processes, and proactive management tools, all integrated into a user-friendly interface.

With our innovative solution, enterprises can effortlessly navigate the complexities of contract management, reducing processing times and minimizing risks. Elevate your contract management experience to new heights with our transformative platform.

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Challenges in the existing Contract Management process
  • Manual Processes: Research indicates that up to 80% of contract management processes are still conducted manually, leading to increased errors and inefficiencies.
  • Lack of Visibility: Approximately 60% of businesses struggle with poor visibility into contract data, resulting in missed renewal deadlines and potential revenue loss.
  • Compliance Risks: Non-compliance with contract terms and regulations can lead to costly penalties, with companies facing an average of $14.8 million in fines annually due to regulatory violations.
  • Time-Consuming Reviews: On average, contract reviews take 3-5 days to complete, delaying deal closures and impacting overall business agility.
  • Contract Version Control: Managing multiple versions of contracts manually poses challenges, with organizations spending up to 25% of their time on version control tasks.
  • Limited Collaboration: Inefficient collaboration processes hinder productivity, with 40% of businesses experiencing delays in contract approvals due to bottlenecks in the review process.
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TAO’s Intellicient transforms the end-to-end Contract management process and Outcomes
  • Manual Processes: Research indicates that up to 80% of contract management processes are still conducted manually, leading to increased errors and inefficiencies.
  • Lack of Visibility: Approximately 60% of businesses struggle with poor visibility into contract data, resulting in missed renewal deadlines and potential revenue loss.
  • Compliance Risks: Non-compliance with contract terms and regulations can lead to costly penalties, with companies facing an average of $14.8 million in fines annually due to regulatory violations.
  • Time-Consuming Reviews: On average, contract reviews take 3-5 days to complete, delaying deal closures and impacting overall business agility.
  • Contract Version Control: Managing multiple versions of contracts manually poses challenges, with organizations spending up to 25% of their time on version control tasks.
  • Limited Collaboration: Inefficient collaboration processes hinder productivity, with 40% of businesses experiencing delays in contract approvals due to bottlenecks in the review process.
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