Procurement

Legal-Grade™ AI for Procurement Teams

Easily track and manage agreements between vendors and suppliers, expediting negotiations and ensuring awareness of critical obligations and internal negotiating policies.

A hand extends towards a digital handshake graphic, surrounded by icons of documents and checkmarks, above a laptop.

How Procurement Teams are Using Luminance

Accelerate Relationship Formation

  • Self-Serve contract review empowers Procurement to take the first pass of contracts with both vendors and suppliers
  • Customizable, approved contract templates make it possible for Procurement to generate contracts tailored to their requirements in a few clicks

Automated Obligation Tracking

  • Zero in on key information such as contracting parties and term periods, as well as contract obligations such as payment terms, SLAs and deliverables in a click
  • Avoid non-performance of obligations with reporting tools, automatic alerts and dynamic dashboards
Dashboard displaying contract analytics, overview, and statistics.

Strengthen Negotiations Whilst Collaborating with Legal, IT and More

  • Institutionalize preferred and fallback positions and surface precedent language within Word to arm contract-related teams with access to company standards, negotiating parameters and internal rationale
  • Enable more consistent, compliant, strategic contract negotiations without sacrificing speed
Non-standard contract terms with proposed modifications listed.

Accelerate Relationship Formation

  • Self-Serve contract review empowers Procurement to take the first pass of contracts with both vendors and suppliers
  • Customizable, approved contract templates make it possible for Procurement to generate contracts tailored to their requirements in a few clicks

Automated Obligation Tracking

  • Zero in on key information such as contracting parties and term periods, as well as contract obligations such as payment terms, SLAs and deliverables in a click
  • Avoid non-performance of obligations with reporting tools, automatic alerts and dynamic dashboards
Dashboard displaying contract analytics, overview, and statistics.

Strengthen Negotiations Whilst Collaborating with Legal, IT and More

  • Institutionalize preferred and fallback positions and surface precedent language within Word to arm contract-related teams with access to company standards, negotiating parameters and internal rationale
  • Enable more consistent, compliant, strategic contract negotiations without sacrificing speed
Non-standard contract terms with proposed modifications listed.

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