Tata Consultancy Services Limited

Senthil Kumar Ramasamy

Sitarama Brahmam Gunturi

Vennimalai Rabindran

Vasundhara Sundarrajan

Contracts are a fundamental tool for coordinating economic activity and need to be managed throughout the lifecycle of contracts. The existing methods are incomplete, expensive, time-consuming, and error-prone. A method and system for management of lifecycle of contracts have been provided. The system leverages a combination of artificial intelligence (AI) techniques appropriate for different micro services in contract lifecycle management. The deep learning and natural language processing (NLP) techniques help in understanding of clauses of the contract, risk levels involved in the contract. The system is configured to automatically generate contracts for a customer based on the other criteria of the customer. The system also identifies alternate options to risky clauses and mandatory clauses to be included. The system is also configured to manage the workflows based on context of contract to seek exception approvals from appropriate stakeholders during contract creation and alert appropriate stakeholders on delivery governance issues.

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Chennai, India

Senthil Kumar Ramasamy