Rosslyn Analytics has released a new cloud-based application for contract management, dubbed RA.Pid Contract Management. The tool gives procurement and legal departments same-day visibility into contracts, reducing the time spent obtaining and managing contracts, contract-related supplier compliance and supply-chain risks. The application is fully integrated into Rosslyn's cloud-based RA.Pid data analytics platform. It includes drop-and-drag functionality to streamline the loading and management of documents into the RA.Pid Contract Management repository. Users can import contract data directly from any structured data source, using Rosslyn's suite of one-click data-extraction applications. They have a choice between manually classifying contracts to their preferred taxonomy, or using the AI-based RA.DAR engine to auto-suggest the classification of contracts to UNSPSC. Advanced Google-style search capability enables users instantly to locate contracts by keyword, supplier name, category, date, amount and geography. The RA.Pid Contract Management app costs $99 per month per user, and includes an annual subscription to the RA.Pid data-analytics platform.
