Contracts shouldn’t slow procurement down, or hide critical risk and spend. Raindrop’s AI-native Contract Management & Commitment Visibility gives procurement, finance, and legal teams real-time insight into obligations, spend commitments, and contract performance without relying on manual tracking or disconnected systems. By unifying contracts with live spend and supplier data, Raindrop helps teams prevent leakage, improve compliance, and make faster, more confident decisions. Learn how AI-powered visibility across contracts and commitments enables smarter sourcing, stronger supplier relationships, and better financial outcomes.
Video Transcript
In the Contract Lifecycle Management module, I have a repository of all of my contracts.
What I can do here is see how many documents I have across the system. Wherever you see rows in Raindrop, in the bottom right-hand corner you’ll see the total number of rows. In this case, I have 226 documents.
I can also create contracts using generative artificial intelligence.
Let’s go create a new contract. The GenAI will take your information — and this is responsible GenAI. This is not something like ChatGPT that goes out to the outside world. This stays entirely inside your own organization.
Let’s say I want to add sections, or maybe I don’t want to include the dispute resolution language that’s currently there. Instead, I want the system to create our own dispute resolution language because my customer has rejected what I proposed several times. That’s fine — the GenAI will automatically create that section for me.
I can submit that, and it will create a brand-new document and mark it as version one.
I can then take that document and do multi-user editing. We can do inline redlines across multiple parties, directly within the application, including Microsoft Word-style editing. Version control and tracking are built in. Or I can work in a single-party edit mode if I prefer.
Of course, I can see version history. If I want to review the version history of this file, I can see it right here and compare version one against version three, side by side.
There are other things I can do as well. I can extract contracts from multiple systems and drag them directly into Raindrop. Raindrop will import them, scan them using artificial intelligence, and digest most of the metadata. This allows you to load contracts in bulk at the beginning of an engagement and helps prime the system.
We can also do full-text search. For example, if I want to search for something like “limitation of liability” across all my documents, that’s not a problem. In this case, the system found that phrase 127 times.
I can drill into individual documents or apply the search results across the system. Here, 84 documents contain that term, and I can see every instance of “limitation of liability” highlighted.
We can also run a contract purchase obligation report. This allows me to see obligations across all contracts. It will show my total contractual obligation by fiscal year — year one, year two, and year three.
Now I can see how I’m actually consuming my contracts. For example, I may have a 36-month agreement and see how that spend is allocated across fiscal year one, fiscal year two, and fiscal year three.
Of course, I can also see my total obligation as well as my monthly obligation. These reports are completely configurable, and this is where the system adds significant value to your finance organization.
