Optimize performance, maximize profitability, and strengthen relationships

Unlocking value and driving success through enhanced contract performance and profitability

Tavant’s Contract.AI enables businesses to optimize their contract management processes and unlock significant value from their agreements. By leveraging Contract.AI Analytics, companies can enhance contract performance, improve profitability, mitigate risks, and strengthen customer relationships. Through the analysis of contract data, businesses can gain valuable insights into pricing trends, contract terms, and customer preferences. This enables them to personalize contract offerings, tailor pricing strategies, and optimize terms and conditions to better meet the needs of both parties involved.  Contract.AI also helps identify potential risks and compliance issues, allowing businesses to proactively mitigate them and ensure adherence to legal and regulatory requirements. Tavant’s Contract.AI help companies streamline their contract management processes, minimize revenue leakage, and maximize the value of their contractual relationships.

Features

Service plan monitoring

Optimize non-performing plans, tracking renewal rates, profitability, customer satisfaction (CSAT), and service level agreement (SLA) compliance.

Profitability analysis

Assess contract revenue, parts cost, and service delivery expenses, considering factors such as inflation, to gain insights into profitability and optimize financial performance.

Contract renewal and churn analysis

Track customer behavior patterns and influencers for renewals and churn, and gain insights into areas for improvement or optimization.

SLA performance

Analyze response and resolution time along with service quality to evaluate and optimize adherence to Service Level Agreements (SLAs).

Portfolio optimization

Analyze the best contract types, service provisions, and pricing models to optimize the contract portfolio.

Service demand forecasting

Predict and analyze service demand to anticipate parts availability, labor requirements, and service case volumes.

Benefits

Real-time insights

Enable businesses to make proactive and immediate decisions based on the most up-to-date information

Industry specific expertise

Enable standardization and exponentially reduce data engineering investments

Advanced predictive capabilities

Utilize ML models to forecast future trends, anomalies, or potential issues based on historical and real-time data

Wide choice of AI models

Various AI models that seamlessly and securely run on your data and store insights in your subscription

APIs that offer flexibility

APIs to build or run solution analytics, reports, and dashboards