EzyContract

Optimize contracts management in supply chain

What it does

Even after having contract management systems in large and medium sized companies, there are many customised contracts with customers and suppliers in B2B environment which require periodic review. Identifying revenue leakages or cost leakages through contracts is a tedious job that requires manual intervention to interpret them. Hence, most of the medium to large organisations maintain separate teams to review contracts.
Generative AI and LLMs can be used to aid contract interpretation teams to review the contracts and provide alerts at the right time for proper enforcement of contractual terms, based on spend and revenue information from ERP.
According to a study, approximately there is 9% revenue leakage and 9% cost leakage in organisations globally due to contract mismanagement, interpretation and enforcement difficulties.
We have used Gemini API to fetch highlights from contract like timeline of events, vendor details, summary of important clauses (like payment, interest rate for late payment, CPI), discounts and rebates on various products.
We have also implemented RAG using Google embeddings to search across all the contracts in the system.

Built with

  • Web/Chrome
  • Firebase

Team

By

AI Radicals

From

India