Procurement ContractAI



Digitize Contract negotiation for higher value



Improve value enrichment in vendor relationships. Assess commitments, responsibilities, Goods and Services, SLAs, prices, renewals, payments, discounts, confidentiality, breaches, remediation, liabilities and many other key Contract Management & Procurement terms powered by AI



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Procurement ContractAI



Ensure Visibility, Compliance and Approval digitally



Helps you focus on procurement business by enhanced legal compliance, faster business and better user involvement


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Artificial Intelligence for Contracts in Procurement





AI-Driven Contract Management is a digitized solution to execute implicit and explicit vendor contracts to consolidate information, proactively analyze legal & business risks in addition to providing retrospective, predictive and prescriptive insights for higher derived value through data-driven negotiations


BLOCKnit's collaborative integrations can help organizations scale, become more informed and achieve a sound understanding what's being agree to effectively negotiate a correct contract


Most common Contract Agreement challenges include:

  • Staying focused on contextual information from contracts
  • Associating relevant data to compliance and liabilities
  • Highlighting obligations, breaches and remediation
  • Tracking accurate Prices, Payments, Proprietary Information, length of contracts, limitations associated to region and Jurisdiction


Why does an organization face Contract related challenges?





Lack of Clarity





  • Contract data exists in different repositories and formats
  • Historical map of last used parameters for decision making
  • Hybrid ERP environment
  • Vendors and compliances as moving targets


Distributed Contract Management





  • Inaccurate best match routes for derived value
  • Non compliant corporate procedural spendings
  • Non-central decision making
  • Non-referred market or historical data


Legal Conformity





  • Partial or absent new compliance references
  • Missed contract obligation and remediation clauses
  • Partial Vendor compliance monitoring
  • Ineffective tracking of contract value


How do we address Contract related Challenges through AI ?





ContractAI helps organization achieve higher performance for its stakeholders through AI. Our add-on solutions ingest historical, real-time and market data to provide negotiation capabilities with most accurate latest updates relevant to manage a contract digitally.



  • Use existing contracts, ERP systems, external data, compliance data for digitized consolidation
  • Creates business-centric insights and opportunities for data integration
  • Maps contract data with actual payment, pricing and vendor data
  • Keeps a track of dates, times, clauses for maximum contract utilization and effeciency





Value through Data-Driven Intelligence



  • Save on Bottomline Expenses through Data Insights and opportunity identifications
  • Amplified Clarity on compliance, clauses, vendor pricings, vendor compliance through real-time market data and overall coverage.
  • Central Management through contract performance and timeliness, data-driven information and contingent actions
  • Higher process Efficiency through AI-enabled, context-driven suggestive actions


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Contact us: info@BLOCKnit.com


BLOCKnit LLC is a digital partner in helping clients transform ideas into solutions to take advantage of a new world of opportunity.



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