AI that reads, understands, and monitors every contract — so your team spends time on decisions, not document hunting.
Most CLM tools store contracts as PDFs in a folder. Proconomy's Contract Intelligence layer goes further — AI reads every contract, extracts obligations and risk clauses, scores portfolio-wide risk, monitors counterparty financial health, and surfaces actionable insights on a live intelligence dashboard. Legal and procurement teams stop hunting through documents and start making data-driven decisions. Risk is visible before it becomes an incident. Obligations are tracked before they become breaches. Renewals are managed before they become gaps.
Every step is designed to eliminate manual effort, reduce errors, and give your team real-time visibility at every stage of the process.
Upload any existing contract PDF or Word document — AI reads the full text and extracts all structured data automatically.
AI reads the full contract text using document intelligence — extracting structured fields with high accuracy across any contract format or language.
AI scans every contract for high, medium, and low risk clauses — explaining each risk in plain language so reviewers know exactly what to focus on.
AI flags clause-level risks using legal pattern recognition — no legal training required to interpret the results.
AI identifies every obligation in the contract — buyer obligations, supplier obligations, reporting requirements, and milestones — and structures them for tracking.
AI extracts both explicit obligations ("Supplier shall deliver...") and implicit obligations from contract language — including those buried in schedules and appendices.
Financial health and compliance data for every supplier in the contract portfolio — integrated from ABN lookup and Creditsafe credit intelligence.
AI correlates counterparty financial risk with contract value and expiry proximity — surfacing the highest-risk combinations for immediate attention.
Ask any natural language question about a contract and get an instant AI answer with the source clause referenced.
AI reads the contract text in context and answers questions accurately — flagging when a question cannot be answered from the available text.
A live contract intelligence dashboard shows risk distribution across the full portfolio — risk register, heat map, and obligation timeline in one view.
AI continuously re-scores portfolio risk as new contracts are added, obligations are completed, and counterparty data changes.
Index-linked price escalation formulas are monitored automatically — effective prices recalculated on schedule so buyers always know what they should be paying.
AI alerts when a scheduled escalation review is due and summarises the price movement for the buyer's review before confirming.
Contract intelligence data flows out to your BI platform via REST API or scheduled reports — keeping leadership dashboards always current.
Proconomy gives every stakeholder the right view, the right tools, and the right level of access — so no one is a bottleneck and nothing falls through the cracks.
These are not theoretical benefits — they are outcomes that procurement teams experience within the first quarter of deploying this workflow on Proconomy.
AI pre-reads every contract and surfaces the risks, obligations, and key terms — legal reviews the exceptions, not every word.
Every obligation in every contract is extracted, tracked, and surfaced on the right person's worklist before the deadline — not after.
Risk register and heat map give CPOs and legal counsel a real-time picture of commercial risk across the entire supplier contract base.
Escalation formulas recalculate effective prices on schedule — buyers never overpay or underpay due to outdated manual price lists.
LTA price escalation and obligation tracking for multi-year direct material agreements
Service contract SLA obligation monitoring and penalty clause tracking
Regulatory obligation tracking and counterparty financial health monitoring for critical supply
Subcontract obligation tracking, retention release milestones, and variation clause risk
High-volume contract portfolios managed at scale with AI extraction and bulk import
The end-to-end procurement engine — from demand signal to supplier payment, fully automated and audit-ready.
Explore 9 steps →Turn demand signals into purchase orders automatically — before shortages happen, not after.
Explore 6 steps →Qualify, approve, and activate new suppliers in days — not weeks — with AI-powered risk assessment built in.
Explore 6 steps →Draft, approve, sign, and manage every supplier contract in one place — with zero expiry surprises and full utilisation visibility.
Explore 6 steps →See how Proconomy transforms this workflow for your procurement team — live, with your own scenarios.