Smart Onboarding At Scale
Brooklyn’s Smart On-Boarding Engine allows organisations to upload and on-board vendors at scale, transforming contracts into digital assets with actionable obligations. Build better alignment between sourcing teams and in-life contract management, with purposeful optimal contract recognition.
AI-Generated Metadata Extraction
Using Artificial Intelligence Solutions, Brooklyn helps to identify key elements of the contract demographics, with the support of Optical Character Recognition (OCR) and advanced Machine Learning (ML) principles. Automatically extract key metadata and obligations amongst your contractual agreements, gathering the relevant information in real-time.
Digitised Contract Audit and Assessment
Transform and digitise your contracts, to assess the vendor’s compliance towards your company policy, as well as other key regulations such as GDPR, EBA, and EIOPA Guidelines. Identify non-conformance to the contract, using Brooklyn’s Smart Contract Compliance Engine. Automate the extraction of key obligations that need to be met, for tracking and management across the contract lifecycle.
Contractual Compliance Heatmapping
Assess the entire contract portfolio, through a single view of each contract post-award. Quickly identify, track, and resolve contractual non-compliance. Reduce the risk burden of underperforming against agreed targets and obligatory measures.
Smart Planning and Collaboration
Enable Contract Management playbooks, projects, and more through Brooklyn Flows. Build core information against your initiatives with the vendor, aligned to agile methods of tracking and collaborating to assure completion against the deadlines set. Track overall progress against business objectives, through bespoke business intelligence solutions.
Automated Obligation Tracking and Alerts
Continuously monitor adherence to company policy, by generating reviews and calls to action against those obligations. Proactively maintain compliance with obligations through vendor scoring and audit trails, identifying trends and resolving contractual compliance issues at ease. Automatically notify the obligation owner when reviews need to be initiated, guiding them through the governance process.
SLA Performance Processing
Reduce the costs and efforts for vendors to provide SLA information regularly. Leverage rich alerting and automate SLA processing to focus on exceptions to agreed targets with suggested service credits. Highlight these outliers across contractual agreements through pre-populated review items.
Consistent Supplier Compliance
Support supplier compliance and generate best practice workflows by working against a VendorOps Framework. Manage compliance through automated vendor scoring and compliance checks.
Advanced Contract Segmentation
Leverage Brooklyn’s AI-Powered Smart Onboarding Engine to build a single source of truth and segment your contracts based on your custom operational and risk criteria. Define the right level of governance across each tier.
Automated Activity Tracking and Auditing
Through contract scoring and reporting, Brooklyn Contract ensures you’re always fit for audit. Navigate your supply chain trends easily: find items with contract management anomalies with only one-click. Brooklyn auditing allows your business to consistently comply to industry-recognised frameworks and standards, ensuring that you’re always prepared for regulatory authorities and internal control groups.
Multi-Contract Hierarchies
Simplify the complexity of vendor relationships. Visualize and manage many-to-many relationships between the vendors, contracts, and services.
