Contract compliance is an important daily obligation for investment firms. As requirements imposed by regulators and clients grow, traditional contract tracking methods are ever more prone to result in delays or errors in complying with the terms of these requirements. AI-powered contract tracking carried out through a Contract Lifecycle Management (CLM) system, however, offers a cutting-edge solution that brings a level of efficiency and accuracy to contract compliance that cannot be achieved through traditional methods.

Why Traditional Contract Management Solutions Fall Short for Investment Firms

Contract management solutions are essential for ensuring contract and regulatory compliance, managing risks, and strengthening client relationships. However, traditional tracking methods, such as the use of spreadsheets saved on a local or shared drive folder, often face several challenges:

• Time-Consumption: Reviewing large numbers of contracts manually requires many man-hours and reduces productivity of personnel.

• Human Error: Managing large numbers of contractual obligations manually inevitably leads to unfavorable consequences caused by errors in contractual analysis or omissions due to lapses or changes in personnel.

• Reactive Management: Manually managed contract reviews typically uncover issues after they occur, increasing the firm’s exposure to risk and non-compliance.

The foregoing challenges make clear that an efficient software solution is a necessity, especially as an investment firm grows and the number of contracts increases.

How QDS’ AI- Powered CLM is Revolutionizing Contract Compliance for Investment Firms

QDS’ AI-powered CLM system provides transparency into the requirements of each contract and automatically generates tasks corresponding to those requirements. Here’s how QDS’ CLM solution enhances contract management for investment firms:

• Speed and Efficiency: QDS processes contracts in a fraction of the time required for manual review.

• Improved Transparency and auto-generated tasks and reminders: QDS identifies action items in each contract. The system can then generate tasks related to each of these action items.

• Real-Time Compliance Monitoring: QDS’s output enables an investment firm to track compliance obligations within each contract maintaining an activity log for the investment firm, regulators, and external auditors.

• Cost Savings and Operational Efficiency: By automating repetitive tasks, QDS frees up legal and compliance teams to focus on value-added activities and reduces internal management costs.

To maximize these benefits, your Quadrangle dedicated Account Manager will oversee onboarding, facilitate seamless integration with third-party systems, and provide ongoing training. Meanwhile, your Quadrangle legal team will provide oversight and continuous support.

Looking Ahead

QDS’ AI-powered CLM system represents a significant step forward in contract compliance management for investment firms. QDS streamlines contract management through automation, real-time monitoring, and predictive analytics. By utilizing QDS’ AI-powered CLM systems, investment firms can expedite their compliance processes, minimize risk, and gain a competitive edge.