luminIQ is an advanced AI-powered platform designed to automate contract and vendor management processes. It helps organizations save costs, eliminate risks, and ensure compliance with minimal effort. luminIQ integrates seamlessly with Gatekeeper, providing a comprehensive solution for managing contracts, vendors, and third-party risks. The platform is trusted by over 300 companies in 23 countries, offering features that streamline operations and enhance efficiency.

Features

• Automated Compliance & Audit Readiness: Ensure obligations are met 24/7 and maintain an audit-ready state without manual effort. The platform automates compliance checks and audit processes, reducing the risk of non-compliance.
• Proactive Risk Mitigation: Gain visibility into contractual and third-party risks with dynamic risk management tools. The platform provides 24/7 coverage to ensure continuous monitoring and mitigation of potential risks.
• Vendor Onboarding & Performance Management: Streamline vendor onboarding with automated processes and manage vendor performance effectively. The platform includes tools for finance and cyber monitoring, ensuring vendors meet required standards.
• Cost Consolidation & Value Unlocking: Reduce operational expenses and unlock hidden value in contracts. The platform helps organizations consolidate costs and negotiate better terms with vendors.
• ERP Integration: Integrate luminIQ with existing ERP systems to enhance functionality and streamline operations. The platform supports seamless data exchange and process automation.
• AI-Driven Insights: Utilize AI to extract and analyze data from contracts, providing valuable insights for decision-making. The platform's AI capabilities enhance data accuracy and reduce manual data entry.

Benefits

• Cost Savings: Reduce operational expenses and unlock hidden value in contracts.
• Risk Reduction: Proactively manage and mitigate contractual and third-party risks.
• Enhanced Compliance: Ensure continuous compliance with automated checks and audit readiness.
• Improved Efficiency: Streamline vendor onboarding and performance management processes.
• Data-Driven Decisions: Leverage AI-driven insights for informed decision-making.