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Contract Solutions
Efficient analysis of contracts is critical to meeting regulatory requirements, recognizing business value, and reducing legal risk, yet many corporations lack an organized method to act upon their diverse contract universe.
FTI Technology’s Contract Solutions team helps organizations solve this problem by quickly identifying relevant insights from within large contract datasets, allowing them to understand important rights and obligations across industries and business units. The FTI team does this by combining leading-edge artificial intelligence and analytics technology, expert-designed workflows, and attorney review teams experienced in contract analyses and negotiation with a systems orientation.
What our experts do
Integrated End-to-End Contract Services
Connect
Contracts are identified and collected to create a secure, centralized document repository. Advance pattern matching technology can be used to sift contracts and categorize them according to particular review workflows.
Enrich
Contracts are ingested and processed to automatically model contracts against libraries of clauses and extract specific legal and commercial points.
Engage
Contract terms are analyzed by FTI and presented to commercial and legal contract owners to determine the desired business outcome for the future event, e.g. restructuring, transactions, and integrations.
Transform
Each contract is given a disposition path using contract terms, financial information, and desired business outcome. FTI negotiation teams execute and report on the status of contract remediation to identify risk and meet deadlines.
Contract Solutions Scenarios
- Corporate Transactions
Whether on the buy side or sell side, our Contract Solutions team helps organizations quickly understand contractual rights, obligations, and cost-saving opportunities from within large datasets, and helps negotiate and execute in compliance with all obligations.
Learn more » -
Restructuring
We support critical company activities during restructuring from developing executory contract lists for assumption analysis, to analyzing commercial and payment terms impacting debt and cashflow, and conducting negotiations with contract parties for cost savings and winddown of obligations.
Learn more » - Contract discovery and collection - all sources
- M&A contract diligence and contract separation
- Contract analysis and business intelligence for M&A integration and synergies
- Regulatory compliance analysis and contract remediation
- Corporate restructuring - market exit and/or Chapter 11 executory contract assumption and rejection analysis
- Clause analysis and gap assessments to inform Contract Lifecycle Management (CLM)
- Preparation & data extraction for migrations to contract management systems
Tested Processes to Support Enterprise Contracts Initiatives
Drawing on a wealth of delivery experience, FTI's Contract Solutions Team applies a tested methodology that can be customized to client requirements, including the following activities and workflows:
- Apply forensic techniques to securely collect and centralize relevant contract documents and preserve important metadata
- Create a central digital inventory and searchable repository of contracts and terms/ clauses
- Remove "noise" and cull a contract population for non-contracts, expired contracts, and other non-relevant information
- Consult with business units and department leaders on desired contract disposition for future event, e.g. restructuring or transactions
- Extract relevant contract terms and clauses automatically via artificial intelligence with the ability to enhance extraction through machine learning
- Consolidate desired business outcomes, historical spend analysis, and contract terms into a managed weekly report or project-end analysis
- Design, execute, and manage contract remediation process based on contract review findings + the desired business outcome
- Design and distribute reporting for each stage of the project
- Migrate readable contract documents and associated data to client or third-party systems
Why FTI for Contract Services?
Advanced Analytics Technology Streamlines Contract Collection and Review
- The Contract Solutions technology suite brings together advanced analytics tools and artificial intelligence, to reduce cost, prioritize risk, and expedite contract remediation.
- Non-contracts and expired contracts are removed from analysis using a variety of culling techniques through the technology stack.
- Contracts are prioritized for review and remediation through automated extractions and FTI-designed workflows.
- Data is structured using multiple layers of business, financial, and contract term information, pulled together in a comprehensive, reportatable database.
Expert-led Processes Designed for the Unique Challenges of Contract Review and Remediation
- Beyond the technology, FTI provides contract consulting and client-coordination efforts to transform their contract library with desired business outcomes on an expedited timeline.
- Experts across multiple industries and disciplines with decades of experience in managing and analyzing corporate contracts come together to create bespoke contract solutions during any phase of a corporate event where an organization's contracts play a role in the outcome.
Tested Processes to Support Enterprise Contracts Initiatives
The FTI team delivers a set of tested workflows and deliverables that can be customized to client requirements.
- Forensic collection and preservation of relevant contract documents and metadata
- Digital inventory and searchable repository of contracts, terms and clauses
- Extraction of relevant contract terms and clauses automatically via artificial intelligence
- Machine learning-enabled custom clause extraction
- Organization of contract hierarchies to link master agreements with related documents and perform gap analyses
- Cost-effective manual contract review in coordination with client’s internal or external counsel
- Structured data deliverables, analytics reports and business intelligence
- Migration of contracts and associated data to client or third-party systems
Related Resources
Case Study
A global financial and retail technology company was undertaking multiple companywide initiatives to increase operational and financial efficiency. A key challenge identified was a lack of centralized contract management for customer contracts, contributing to potential revenue leakage and other negative impacts to the business. The organization determined a contract repository was crucial to optimizing commercial contracting practices across the company.
Case Study
A multinational organization in the life sciences industry engaged FTI Technology’s Corporate Legal Operations experts to help identify gaps in the legal department’s software systems and processes. The client requested an assessment of current state of contracting processes and recommendations for a contract lifecycle management solution to improve visibility of contracts and obligations across the organization.
Case Study
FTI Technology Leads Contract Analysis for Large Second Request
When a U.S.-based merger triggered a second request review, more than 18 million company documents were in scope as potentially relevant to the Federal Trade Commission’s review. The law firm representing one of the organizations sought FTI Technology for its expertise across the Digital Insights & Risk Management framework and the team’s ability to scale a global team of domain experts. Contract Solutions were one part of the broader engagement.
White Paper
In Contract Management, Standards Lag Behind Investment
This report explores a framework for CLM - a Digital Contracting Reference Model (DCRM) - and provides a common language framework for practitioners, technology vendors and legal service providers to align on and follow, allowing best practices to develop across disciplines.