Vendor Contract Analysis Agent

Procurement and legal teams receive hundreds or even thousands of vendor contracts for evaluation and negotiation every year. Not only do new contracts need to be evaluated, but older master contracts governing amendments and statements of work also require review. At peak periods, workloads can be heavy, and teams stretched.

SS&C's Vendor Contract Analysis Agent Agent conducts a preliminary review of the terms and conditions of a vendor’s contract. The agent automatically locates, downloads, reads and extracts data using an LLM to summarize long and complex legal contract terms in minutes. Operating 24/7, the agent identifies and reviews a wide range of required legal clauses such as indemnity, intellectual property and cancellation terms within multiple types of contract documents. It can also make recommendations for potential negotiation positions with the supplier. The agent will also flag when mandatory legal clauses are not present. The client can then pass the analysis file to legal teams to review ouputs.

SS&C's Managed Service offering implements the process according to client specs, hosts the solution in a secure cloud environment, and maintains and manages the solution. All LLM access is via an AI governance component developed specifically to keep AI processing secure.

Redefine productivity and empower your teams to break new ground, deliver better results and gain a competitive advantage – all while making the experience better for everyone – using the latest cutting-edge AI, automation and orchestration. Take comfort in knowing this solution is built and tested in the SS&C Innovation lab and already utilized by SS&C, enabling faster turn-around on contract agreement cycles, reducing workload through an automatically generated preliminary analysis of contract terms, and increasig team capacity to deal with peak period volumes.

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