BUMI Finance

Important contract information for key
decision-making now available instantly.

Whether it’s MSAs, SOWs, Procurement Contracts, Service Agreements, Software Licenses, or any other
finance-related contracts, Bumi can obtain contract insights from them and integrate with downstream
ERP and contract management applications.

Use Cases


Contracts that come in from customers or third parties are often outside the contract management system and thus must be managed manually through emails, Word/Excel documents, Google Docs/Spreadsheets, and so forth. Important contract information needs to be extracted in a timely manner and deposited to the downstream to ERP system to ensure payments are processed before the due date. Multiple people must be able to collaborate and find information from various types of contracts easily.

Solution

Bumi can be leveraged to bulk process contracts of various types to perform automated review and abstraction, producing actionable contract insights. The extracted contract information is summarized and is accessible to different departments and users based on role-based access control. Bumi can be easily integrated with ERP and multiple downstream applications to further process the data. Users can annotate the extracted information, making it easy to collaborate with each other through a single source of truth. Bumi also provides real-time reporting and customized dashboards which increases the visibility of inefficiencies in the process.

Sample Clause Data Extractions

  • Start date
  • End date
  • Initial term
  • Renewal Term
  • Subscription Fees
  • First Renewal Terms
  • Payment Amount
  • Payment Due Date
  • Payment Terms
  • Governing Law
  • Force Majeure
  • Liability Terms
  • Limitation of Liability
  • Insurance
  • Representations & Warranties
  • Waivers