Jump to Content
close
close
ABA: The American Bankers Association
Industry News
  • January 16, 2024

Ncontracts Announces AI-Powered Contract Management Tool for Financial Institutions to Improve Vendor Management and Save Money

Brentwood, Tenn. - January 16, 2024

Ncontracts, the leading provider of integrated compliance, risk, and vendor management solutions to the financial services industry, announces the launch of its new AI-powered Ntelligent Contracts Assistant module within Nvendor, reducing hours of arduous contract reviews into just minutes.

The Ntelligent Contracts Assistant harnesses artificial intelligence trained by Ncontracts’ legal and contract management experts to quickly extract key information from third-party vendor contracts and agreements, making it possible for financial institutions to easily:

  • Score contracts for risk and adherence to regulatory requirements
  • Generate summaries of key contract terms
  • Automatically create alerts for key dates
  • Search contracts for key terms and provisions (including renewal dates and price increases)
Read the Press Release
Ncontracts

Ncontracts provides comprehensive integrated risk management solutions – including risk, compliance, third-party risk management, and lending compliance – to a rapidly expanding customer base of 5,000 clients in the United States. We help financial institutions achieve their compliance and risk management goals with a powerful combination of user-friendly cloud-based software and expert services. The company was named to the Inc. 5000 fastest-growing private companies in America for the sixth consecutive year. For more information, visit www.ncontracts.com or follow us on LinkedIn and Twitter.

In Depth

Related Products

Related to This