- Quick and easy creation of contract files with correct data
- Read out the contents of the contract document
- Pre-filled master agreement creation by AI
- Individual contract type-specific LCM fields can be supported
- Manual review can be integrated
Artificial intelligence for the entire contract and document process
Artificial intelligence in contract management
Digitalization has changed almost all areas of our lives and has played a major role in the development and implementation of
artificial intelligence (AI). AI, as part of the digital transformation, deals with the creation of systems that are able to perform tasks that would normally require human intelligence.
This technology has the ability to analyze data, recognize patterns, make predictions and even learn on its own - offering enormous potential for improving processes and services in a wide variety of areas. The combination of AI and digitalization thus creates a basis for innovative solutions that increase efficiency, reduce costs and open up new possibilities for everyday life.
This technology has the ability to analyze data, recognize patterns, make predictions and even learn on its own - offering enormous potential for improving processes and services in a wide variety of areas. The combination of AI and digitalization thus creates a basis for innovative solutions that increase efficiency, reduce costs and open up new possibilities for everyday life.
The innovative integration of AI technologies has the potential to bring about fundamental improvements in contract management. From the automation of repetitive processes to precise contract analysis, the use of AI in this area offers a wide range of benefits.
The AI function of TQG businessApp cloud platform
- Checking drafts against templates
- Efficient analysis through AI
- Expandable with your own templates
- Clear visualisation of semantic and content-related differences
- Can be used for minimal or fundamental differences
- Evaluation and assessment of contract-related content
- Guided questions in context (contract file/document)
- Questions bundled in subject areas (e.g. contract risks, IFRS, GDPR, ...)
- Extension of the evaluation criteria possible
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Events & trends for your digital transformation
Product Demo
Discover our products with AI features! Experience our platform firsthand in a no-obligation online product demo. We’d also be happy to visit you in person—just schedule an appointment for a free product demo!
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Would you like to learn more about artificial intelligence? We invite you to visit us at the TQG offices in Böblingen and Hamburg! Look forward to a morning full of informative presentations and, above all, plenty of real-world case studies.
Webinars
Topics that support you in your work: Our free monthly webinars on artificial intelligence, contract management, document management, data protection, workflows, and e-signatures provide you with valuable insights!
Artificial intelligence in contract management
Artificial intelligence (AI) is having a significant impact on contract management and is currently revolutionising this area enormously. Here are some of the key ways in which artificial intelligence is supporting contract management:
Automated contract analysis
Contract classification
Risk assessment
Contract negotiation
Performance monitoring
Predictive Analytics
Language translation
Compliance with data protection regulations
Improved reporting
Contract management platforms
Artificial intelligence thus contributes significantly to increasing efficiency, reducing risk and improving compliance in contract management. Companies can review and manage contracts faster, minimize risks and make better business decisions based on contract data.
