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".

According to the Gartner Group, 60% of all supplier contracts automatically renew without the buyer's knowledge, mainly because the buyer fails to terminate the contract. Even more astonishing is the fact that 50% of the contracts are renewed several times without the buyer's knowledge (Forbes, Gardner group).

A laissez-faire attitude towards contract management can have serious financial consequences, as automatic contract renewals often involve more expensive terms and late terminations can lead to litigation and damage. Contracts are not documents to "sign and file", they are rather living documents that are subject to real events / changes.

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.

Do you need a quick overview of the current turnover with your suppliers? On the basis of a contract value evaluation / analysis over the specified contract period of the recorded individual contracts, the SharePoint solution DOCM allows you to provide this information at any time without large evaluations with a mouse click. 

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.