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.

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.

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".

ABOUT US - BPEX "We are the consultant in the field of Digital Processes. Our team combines many years of experience as consultants for system management tasks and developers of complex process automation tools. If you are interested in DOCM and need support in the area of contract management, we will be happy to assist you as consultants. With us, you receive the DOCM software solution as well as the service from a single source. This means that implementation is straightforward, and if you have any open questions, simply get in touch with us.

The contractual framework is structured in individual, framework and consortium or project contracts. Individual contracts are concluded for a specific contract object; they can be concluded for a limited or unlimited period. An outline agreement is a scheduling agreement that defines the terms of delivery between the supplier and the customer. Consortium or project contracts are concluded for the realization of larger projects, usually construction or infrastructure measures.

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