GRC Suite

Intelligent Contract Ingestion

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Shave hours off contract set up and shift your focus to risk management.  

With Intelligent Contract Ingestion, powered by our platform’s OCR/AI/ML-driven document parsing and ingestion capabilities, clients can upload standard contract award or solicitation documents, which are intelligently parsed, extracted, and presented for the Contracts team to review and create contract records. This shaves hours off contract set-up activities and frees up contracts professionals working for GovCon, aerospace and defense, and other types of federal contractors to focus on managing risk and compliance, rather than administrative tasks. Get Data Sheet

Key Capabilities

Automated Contract Creation

Automate the contract record creation process through a combination of state-of-the-art OCR technology and TechnoMile’s AI/ML (Artificial Intelligence/Machine Learning) platform, which machine reads standard contract award or solicitations documents (such as SF-33 forms) and presents the extracted data for users to review. This eliminates hours of manual data entry associated with each new award, improves your data’s integrity, and allows your contracts professionals to focus on managing risk and compliance, rather than administrative tasks.

Wizard-Driven Data Validation

Use an intuitive, wizard-driven process to efficiently review machine-extracted data – including related CLINs/SLINs, ACRNs, and clauses – streamlining the validation and refinement of contract details, which saves your team significant time and helps ensure accuracy.  

Clause Acceptance Aligned to Risk

Align your clause review process to your company’s level of risk tolerance. The system intelligently compares all extracted clauses against your platform’s clause library. Your company can designate the threshold at which clauses can be automatically accepted, versus must be reviewed by your staff. This frees up valuable time for your Contracts team and focuses their attention on the most critical clauses with business impact.

Side-by-Side Clause Comparison

When extracted clauses require review, your team can view any discrepancies relative to your platform’s clause library side-by-side, with all differences highlighted. This enables highly efficient comparison of changes to clause language and allows contracts professionals to proactively identify changes in terms that could heighten your company’s business risk. Any clauses that are unmatched or partially matched with your clause library can be captured separately for further review by your legal team.

Streamlined Management of Contract Obligations & Deliverables

Intelligent Contract Ingestion can also be used to automate obligation scheduling and management. Deliverables, CDRLs, and other obligations can be machine-extracted from standard documents and, when presented for validation, your contracts professional has the option to create a corresponding deliverable or task. This streamlines the capture of all obligations embedded within a contract, strengthening your team’s ability to maintain compliance throughout the contract lifecycle.

Bring Greater Efficiency to CPARS Response Management

Using Intelligent Contract Ingestion, your company can automate the capture of CPARS evaluations within TechnoMile CLM, speeding this process. Companies can track CPARS evaluations, route them internally to efficiently gather feedback and substantiating documentation to shape responses, capture related adjudications, as well as leverage this past performance data to better inform future pursuits.

Ongoing Time Savings

Through the ingestion of SF-30 forms, TechnoMile’s solution helps streamline any modification requests required prior to kickoff, as well as subsequent modifications throughout a contract’s lifecycle, saving contracts professionals additional time.

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Schedule a customized demo to see how TechnoMile can help you shave hours off contract set up and shift your focus to risk management.  

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Our Clients

From Fortune 500 to Flourishing Small Business

Our clients range from Fortune 500 companies, to mid-market organizations, to growing small businesses. 

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Insights

Articles

Leveling Up Your Contracts Organization

Originally published in ExecutiveBiz on April 29, 2022 Mick Fox, chief operating officer for TechnoMile, has provided his latest feature as a member of Executive Mosaic’s GovCon Expert program. Previously, GovCon Expert Mick Fox discussed the…