A large paper pulp manufacturer has multiple types of contracts signed with suppliers. Maintaining these contracts and reviewing specific clauses requires a great deal of effort, and when it comes to predicting harvests or extraordinary situations, unexpected financial losses can pose a great risk.
Current Status: Complex management processes, increased risk.
Using Cognitive Analysis and NLP
Our client can enter the contracts to be evaluated in an intelligent system, which will identify the contract type, the amounts involved and action rules and/or regulatory objectives. The application identifies all contracts impacted by any outlier situation in risk simulations for the operation.
Impact: Improved Efficiency and Risk