Enhancing Risk Management With AI-Driven Contract Analysis

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Challenge

In the publishing industry, managing complex contracts is critical to avoiding legal and financial risks. Manually reviewing these agreements is time-consuming, error-prone, and exposes publishers to potential disputes and losses. A leading publisher sought to address the below challenges by implementing Straive’s AI-driven Contract Analysis solution, transforming their contract management and mitigating risks effectively:

  • Significant risk exposure due to missed terms
  • Time-intensive reviews, slowing operations
  • Potential for human error, leading to legal disputes
Challenge

Straive Approach

Straive deployed an AI-driven contract analysis solution to automate the review process, ensuring high accuracy and efficiency. This helped the publisher address inconsistencies, omissions, and areas of concern in real-time.

Impact Generated

  • Successfully reduced legal risks
  • Contract review time cut by over 50%
  • 99% accuracy in reviewing contract terms
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