Procurement Contract Management

Reduce supplier costs and improve vendor relationships with AI-powered contract data analytics.

Most companies don’t know the basic terms of their vendor agreements. See them at a glance and become a better negotiator.

Time is money.

The typical large organization has more than 30,000 active contracts and finding one can take over an hour. By creating an accurate and complete contract system of record enhanced by Knowable’s AI-powered contract assistant, Ask Knowable, you can gain a deeper understanding of your agreements, reduce costs, keep pace with changing regulations, and stay focused on mitigating risk.
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Know when every contract will renew

Enhance your retention strategy by quickly filtering contracts by expiration date or auto-renewal terms.

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Know which contracts are out of compliance

Understand the full scope of your relationship by viewing all related contracts in a hierarchical view according to their active status; then search for compliance terms to better manage risk.

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Know when a vendor owes you a discount or a penalty

Uncover ways to avoid fees and lower costs with easy access to specific terms and clauses that affect your bottom line.

Organized data reduces risks and costs.

Instant access to accurate contract data makes it easier to anticipate upcoming events and capitalize on savings opportunities. Understanding vendor obligations reduces risks, and learning from current agreements leads to better future negotiations.

Learn how
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Understand Critical Deadlines​
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Validate Billing Agreements​
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Resolve Vendor Disputes​
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Respond to Regulatory Initiatives​
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Improve New Contract Negotiations​
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Most vendor agreements are not standalone.

Almost three-quarters of agreements are part of contract families, which include amendments to existing contracts, agreements governed by an SLA, SOWs, and more. With Knowable, you can identify and synthesize these relationships in seconds, enabling you to develop cost-saving strategies in less time.

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Agreements are often siloed into separate systems.

Once contracts are executed, they tend to be funneled into different ERP systems such as CRMs, Procure-to-Pay, or other CLMs. The lack of integration means that getting up-to-date information can take hours. With Knowable’s platform-agnostic solution, you can integrate with any number of systems so your team and other departments can have access to the same trusted data.

Gain Mastery Over Your Contracts

Active post-signature contract management requires ongoing, in-depth contract analysis, visibility into contract families, and knowledge of terms that could trigger opportunities like discounts. With Knowable Essentials:
  • Create Structured Data: Transform the text of agreements into searchable and reportable contract data that enables your team to understand your portfolio of contracts at scale, with 98% accuracy.
  • View Contracts by Family:  Isolate related agreements by contract family and filter by active status to better understand the totality of your contractual relationships.
  • Find Answers Fast:  Answers are no longer buried in contract text or hidden in multiple agreements. Knowable’s intuitive platform, enhanced with an AI-powered contract assistant, allows you to perform quick searches and receive contextual assistance based on your data model so you can confidently answer questions and build strategies in seconds, not hours or days.
  • Integrate with Any Platform: Flexible APIs allow you to connect Knowable to any ERP system or CRM, including Salesforce, Procure-to-Pay systems, or other CLMs.
Our solution provides highly accurate data, making access to contract terms efficient and reliable. Extensive reporting capabilities mean companies can quickly understand their current position and leverage that information in future negotiations.
View the Platform

It Pays to Be Certain

Whether your executed contracts live in one repository or multiple CLMs, finding a contract and accessing even basic terms can be an odyssey. This results in limited transparency, wasted time, and lost value. Our clients leverage our platform to uncover insights and opportunities that save costs and improve their future negotiation positions. With Knowable Essentials, companies can track and analyze information in seconds that previously took hours or was simply unknowable—until now.

10X

Improved speed to find agreements

Get answers ten times faster by easily searching and filtering all your contracts without sifting through SharePoints, emails, or multiple CLM systems.

98+%

Contract Data Accuracy

Swiftly understand your current positions with comprehensive reporting that combines AI and expert human analysis to deliver reliable contract data.

$1M

Savings in penalties

By tagging and tracking penalty clauses, a client created metrics to monitor penalty events and found over a million dollars in potential savings.

Read the Case Study