The average Fortune 1000 company actively manages tens of thousands of contracts at any one time. These dense, complex and often-changing documents touch every aspect of a business, impacting clients, employees and shareholders. Contracts also reflect the dynamic business environment of today – increasingly digital, global and diverse. And yet many corporations lack an organized, centralized method to store, review and analyze their diverse contract universe.

Cost-effectively find, understand and act upon enterprise contracts

Due to the critical importance of contracts, a growing number of organizations are modernizing their approach to these vital documents with FTI Technology’s Contract Intelligence service. Providing a cost-effective solution for a key component of contract lifecycle management, Contract Intelligence helps organizations better find, understand and act upon contracts to meet regulatory requirements, reduce risk and recognize greater business value. FTI Technology does this by combining leading-edge analytics technology, advanced workflow, and attorneys experienced in reviewing contracts.

Contract Intelligence enables and enhances business operations in a variety of scenarios, including:

  • Conducting pre-merger contract diligence;
  • Identifying post-merger business opportunities and synergies;
  • Aligning contract terms with emerging regulations in the financial services, healthcare, pharmaceutical and insurance industries;
  • Highlighting trends across contract obligations and risks;
  • Identifying and analyzing leasing agreements for compliance with new accounting standards.

Why Choose FTI Contract Intelligence Services?

The Technology-Enabled Contract Intelligence Difference

FTI’s Contract Intelligence team leverages leading-edge analytics and artificial intelligence in place of labor-intensive processes to provide efficient contract collection and analysis. Rather than deploying armies of resources to manually identify and comb through documents, FTI experts use proprietary identification and culling technology to collect documents with a minimum amount of time and business disruption, then surface the relevant contract groups so that you can act on them quickly. Learn more about our technology-enabled solutions here.

Legal and Regulatory Expertise Reduces Risk

The Contract Intelligence team leverages deep legal and regulatory expertise to ensure a thorough and defensible process. Our global team includes contract process experts, forensic experts, corporate investigation specialists and technology professionals that have led some of the largest and most complex regulatory response, information governance, M&A, litigation and investigative engagements of the last decade. In addition, the Contract Intelligence service utilizes industry expertise across a number of vertical industries, including healthcare, financial services, retail, construction, energy and real estate.

Advanced Analytics Technology Streamlines Contract Collection and Review

The Contract Intelligence technology suite brings together advanced analytics tools supported with artificial intelligence, to expedite contract processes and further reduce cost. This enables the team to quickly define critical contractual language and structure customized engagement workflows, all resulting in enhanced review productivity and quality deliverables.

Enhanced Workflows Ensure Quality While Reducing Costs

Custom solutions and workflows, designed by operational and subject matter experts, are executed by legal review teams that are specifically trained per engagement. Clients receive regular updates on review findings such as legal obligations, cost opportunities, risk exposure and any additional requirements – all driven by advanced analytics.

Contract Intelligence for Leases

New accounting rules (IFRS 16 issued by the International Accounting Standards Board in January, 2016 and ASC Topic 842 issued by the Financial Accounting Standards Board February, 2016) will come into effect in 2019 that require corporations to include all lease commitments, including operating leases, as part of their reported debt and assets. To achieve compliance, companies must have the ability to find, analyze and report on their entire enterprise lease universe – including leases ‘hidden’ in email attachments and other non-traditional locations.

The average Fortune 1000 company actively manages thousands of leases at any one time, yet many corporations lack an organized, centralized and automated method to collect and analyze their lease universe. Due to the critical importance of complying with the new accounting standards, a growing number of organizations are engaging FTI’s Contract Intelligence for Leases team to quickly understand and act upon their lease universe. Contact us to learn more about this timely service or download the brochure here.