Contracts must be checked legally and technically as part of a company-wide contract management process. For this purpose, possible risks must be identified and evaluated in each phase of the contract life cycle.

By subdividing the contract costs into "fixed costs" and "imputed costs" and "one-off costs", different payment models of the contracts, such as maintenance and purchase contracts, can be mapped.

Contract risks are only risks if they have not been evaluated and made manageable by an action plan to be taken. However, if this risk assessment is only a one-off process, i.e. these risks do not remain in focus through regular audits, then you cannot benefit from your previous assessment.

Individual contracts either stand alone or are created in the context of an existing outline agreement and assigned to the outline agreement. A comprehensive classification is available for entering individual contracts. .

A modern contract management should guarantee a centralization of all company contracts for all relevant groups with regard to the completeness of the information and its evaluation. It should guarantee the confidentiality of the information related to the company parts / departments.

Artificial Intelligence & Cognitive Services Our applications and programs use Artificial Intelligence in the field of Deep Learning. Learn more about our programs in the area of natural language recognition (NLP), as well as image recognition. Our implementation uses our own neural networks, or leverages the services of our global partners. We call the integration of AI knowledge "Cognitive Services".