Unlocking Smarter Procurement with Contract Cloud

Procurement is at the heart of every organisation. Whether acquiring IT systems, professional services, raw materials, or facilities management, procurement teams manage high volumes of contracts that directly impact cost, efficiency, and compliance.

The challenge is that procurement contracts are often complex, time-sensitive, and subject to strict governance requirements. Missing key risks or failing to negotiate favourable terms can have long-lasting consequences.

Contract Cloud provides procurement teams with AI-powered tools to review, draft, and manage contracts more effectively. By reducing manual review time and improving visibility across agreements, procurement functions can achieve better outcomes for their organisations.

Key Procurement Use Cases

1. Supplier Onboarding

Every supplier relationship begins with an agreement. These contracts often include service levels, pricing mechanisms, data handling requirements, and compliance obligations. With Contract Cloud, procurement teams can:

• Review supplier contracts against internal playbooks and risk positions.

• Automatically flag missing compliance provisions, such as modern slavery, ESG, or data privacy clauses.

• Draft supplier agreements from approved templates in minutes.

This speeds up supplier onboarding while ensuring consistency and compliance.

2. Competitive Tendering and RFPs

During tender processes, procurement teams receive multiple supplier responses, often in the form of contract mark-ups or proposed terms. Managing these can be overwhelming. Contract Cloud helps by:

• Comparing supplier documents side-by-side to identify key differences in risk allocation, pricing, and service delivery.

• Highlighting non-standard terms that may increase exposure.

• Generating quick summaries for decision makers to evaluate supplier proposals.

This allows procurement teams to negotiate from a position of strength and select the best value supplier.

3. Purchase Agreements and Frameworks

For large-scale procurement, framework agreements or purchase arrangements are common. These often contain intricate provisions on ordering processes, pricing adjustments, and termination rights. Contract Cloud enables teams to:

• Analyse framework terms against standard procurement policies.

• Highlight risk areas such as unlimited liability or automatic renewals.

• Generate amendments or side letters instantly where terms require adjustment.

This ensures long-term procurement arrangements remain aligned with organisational risk appetite.

4. Compliance and Regulatory Requirements

Procurement is increasingly subject to regulatory scrutiny. From environmental, social, and governance (ESG) obligations to modern slavery compliance, procurement contracts must reflect evolving requirements. Contract Cloud assists by:

• Identifying whether supplier contracts include required compliance clauses.

• Producing automated reports for regulators, auditors, or internal stakeholders.

• Checking supplier contracts against policy commitments on sustainability and responsible sourcing.

This reduces compliance risk and strengthens trust with stakeholders.

5. Contract Lifecycle Management

Procurement contracts are not static. They evolve through variations, extensions, and renewals. Contract Cloud’s document management system makes it easier to:

• Track key dates, such as renewal or expiry.

• Chat directly with procurement contracts to answer questions in real time.

This ensures procurement teams always have clarity on obligations and upcoming milestones.

Smarter Procurement, Better Outcomes

Procurement is not just about cost savings; it is about building sustainable supplier relationships and protecting the organisation from risk. Contract Cloud empowers procurement teams with AI-driven insights, streamlined drafting, and improved compliance oversight.

By adopting Contract Cloud, procurement functions can transform from reactive administrators to proactive strategic partners—delivering better value, stronger governance, and long-term resilience.