BVA Contract

The BVA Contract, developed by Brooklyn Solutions, is a solution for fully digitized contract and commercial management. According to the vendor, this product is aimed at small to large enterprises and is suitable for procurement professionals, contract managers, legal professionals, compliance officers, and supply chain professionals across various industries.

Key Features

Fully Digitised Contract & Commercial Management: According to the vendor, the product aims to streamline contract onboarding and automate management processes, tailored to industry needs, with the goal of reducing contract value leakage.

Automating Contact & Obligation Management: The vendor claims that the product can automate review processes for obligations, deliverables, and responsibilities, providing an immutable audit trail to reduce contract value leakage.

Smart Onboarding At Scale: The vendor states that the product allows for the upload and onboarding of customers or suppliers at scale, transforming contracts into digital assets with actionable obligations, improving alignment between sourcing teams and contract management.

AI-Generated Metadata Extraction: The vendor claims that the product utilizes Artificial Intelligence Solutions to identify crucial elements of contract demographics, automatically extracting metadata and obligations from contractual agreements in real-time.

Digitised Contract Audit and Assessment: According to the vendor, the product aims to transform and digitize contracts for easy compliance assessment against company policy and external regulations, automating the extraction of vital obligations and tracking them throughout the contract lifecycle.

Contractual Compliance Heatmapping: The vendor claims that the product provides the ability to assess the entire contract portfolio through a single view of each contract post-award, identifying, tracking, and resolving contractual non-compliance in real-time.

Smart Planning and Collaboration: According to the vendor, the product enables Contract Management playbooks, projects, and more through Brooklyn flows, allowing for the tracking of overall progress against business objectives through bespoke business intelligence solutions.

Automated Obligation Tracking and Alerts: The vendor states that the product allows for the continuous monitoring of adherence to company policy, proactively maintaining compliance with obligations through Customer-Supplier scoring and audit trails.

SLA and OLA Performance Processing: According to the vendor, the product aims to reduce costs and efforts for customers or vendors to provide SLA information regularly, automate SLA and OLA performance processing, and highlight outliers across contractual agreements.

Consistent Customer, Supplier and Sub-Supplier Compliance: The vendor claims that the product supports supplier compliance and generates best practice workflows by working against a best practice framework, managing compliance through automated customer/supplier scoring and checks.