EY Contract Lifecycle Management (CLM) Solution

What EY can do for you

We assist clients in the digital transformation of end-to-end contract lifecycle management tools processes, enabling business contract solution to improve risk management and compliance, reduce leakages, and maximize value from third-party relationships.

Our contract management consulting services help you with:

Contract Lifecycle Management Transformation

EY professionals help organizations reimagine their contract management processes by leveraging Generative AI and Agentic AI, transforming functions to meet business needs. We guide organizations through the entire journey - from the design phase to the implementation of innovative contract management software processes, operating models, and systems that align with their strategic objectives.

Contract Management Automation

The future of automated contract management is rapidly evolving, with intelligent legal document automation emerging as a fundamental aspect of the modern workforce. We assist organizations in implementing a holistic digital contract optimization solution that integrates Generative AI and Agentic AI to simplify and optimize processes, enhance service delivery, and improve overall operational efficiency. With our approach, automation serves not merely as a tool but as a catalyst for digital transformation within your contract management function.

Contract Risk Management

EY professionals assist organizations in refining their contract management processes and systems to effectively manage contract terms and achieve desired outcomes. By incorporating advanced analytics and AI-driven insights, we enhance risk management in contracts and compliance management, enabling proactive identification and mitigation of potential issues.

Contract Compliance Solution and Leakage Reviews

We conduct objective assessments of compliance with contractual terms and conditions agreed upon with third parties. These reviews leverage AI and advanced analytics to analyze contracts and underlying data, identifying potential leakages, overpayments to vendors, revenue leakages, and non-compliance with agreed scopes and performance standards. This AI and data-driven approach helps organizations make informed decisions and take corrective actions swiftly.

Contract Discovery and Digitization

In today’s digital landscape, we help clients in key digital and data improvement initiatives, including discovery and migration of legacy contracts, creation of digital contract solution repository, and extraction and enrichment of contract metadata. Our advanced AI tools accelerate this journey so that valuable contract data is captured and accessible for enhanced decision-making. 

Contract Management as a Service

EY Contract Management as a Service (post-contract execution) adopts a holistic approach, utilizing deep domain knowledge, analytics, and cutting-edge technology to meet an organization’s needs.

We help clients achieve desired outcomes by managing day-to-day operations on technology platforms, providing enablement support, and fostering continuous improvement.

Contract Analytics and Insights

Organizations increasingly rely on data-driven insights to enhance their decision making and contract management strategies. We assist clients in collecting, analyzing, and developing actionable insights from contracts and underlying data. By integrating contract data with other Contract Tracking systems, we empower organizations to unlock valuable insights that drive strategic decision-making and operational excellence.