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Development of an AI-Enhanced Contract Management Platform for Scalable Business Operations
  1. case
  2. Development of an AI-Enhanced Contract Management Platform for Scalable Business Operations

Development of an AI-Enhanced Contract Management Platform for Scalable Business Operations

beon.tech
Business services

Identifying Challenges in Contract Management and Business Scalability

The client faces difficulties in managing large volumes of contracts and documentation efficiently. Their current processes lack advanced searchability and automation capabilities, leading to delays and potential compliance risks. They require a centralized, configurable platform that integrates seamlessly with existing systems without necessitating data migration.

About the Client

A mid to large-sized enterprise specializing in contract and document management solutions, seeking to integrate AI-driven features to improve contract searchability, negotiations, and execution efficiency.

Goals for Developing an AI-Driven Contract Management Solution

  • Build a highly configurable, centralized contract management platform that supports AI-enabled search and analytics.
  • Enhance negotiation, execution, and contract lifecycle management processes to improve efficiency and reduce delays.
  • Enable seamless integration with existing client systems without requiring data migration.
  • Leverage AI to convert contractual documents into searchable, structured data to facilitate rapid retrieval and analysis.
  • Empower teams with tools to proactively manage contracts, optimize library functions, and support scalable growth.

Core Functional Capabilities for the Contract Management Platform

  • AI-based document conversion that transforms contracts into structured, searchable data.
  • Robust search engine with filters for quick retrieval of contractual information.
  • Customizable, no-code interface for configuration and process automation.
  • Workflow management including contract lifecycle tracking and task assignments.
  • Library optimization tools for maintaining and updating key contract templates and clauses.
  • Collaborative features supporting negotiation and approval workflows.
  • Role-based access control to ensure security and compliance.
  • Integration modules for existing enterprise systems (e.g., ERP, CRM).

Preferred Technologies and Architectural Approaches

AI and NLP technologies for document conversion and search functionalities.
No-code/configurable platform frameworks for user customization.
API-driven architecture for seamless integrations.
Cloud-based deployment for scalability and accessibility.

Essential External System Integrations

  • Enterprise resource planning (ERP) systems for data consistency.
  • Customer relationship management (CRM) systems for contract context.
  • Existing document storage solutions or cloud repositories.
  • Authentication and security services for role management.

Critical Non-Functional System Attributes

  • Scalability to handle large volumes of contracts and user concurrency.
  • High performance with rapid search and data processing responses.
  • Secure platform with role-based access control and encryption.
  • Availability and reliability aligned with enterprise standards.
  • Ease of configuration and minimal disruption during deployment.

Projected Business Outcomes and Benefits of the Contract Platform

The developed platform is expected to enable faster contract retrieval, improve negotiation and execution workflows, and facilitate scalable growth. Anticipated results include increased operational efficiency, reduced cycle times, and enhanced compliance. The solution aims to deliver measurable improvements similar to previous implementations, such as significant optimizations of key libraries, proactive project leadership, and high system adoption by teams, contributing substantially to the client’s strategic growth objectives.

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