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Contract Compliance Audit: Overview, Benefits & How AI is Helping

SirionLabs

Supplier audits can also complement third-party contract performance assessments. By comparing contractual KPIs against raw performance data, enterprises can assess if they are able to realize the maximum value from their third-party relationships.

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Frictionless M&As using AI-Led Contract Intelligence

SirionLabs

As a result, companies often find themselves grappling with a labor-intensive manual review process that requires significant time to identify key risk elements in contracts. In addition, the inability to compare third-party contract clauses to standard enterprise clause language and position increases risk exposure.