AI-Powered PRGX Contract Monitoring
Continuously monitor every contract, every day
Great contract performance requires ongoing effort. Ensure a high level of compliance, effectiveness, and financial health across your entire company with PRGX Contract Monitoring—combining AI contract reviews with human expertise.
Great contract performance requires ongoing effort. Ensure a high level of compliance, effectiveness, and financial health across your entire company with PRGX Contract Monitoring—combining AI contract reviews with human expertise.
Our approach to Contract Monitoring
Our powerful AI quickly evaluates large volumes of contracts and invoices for compliance. And with decades of hands-on experience, we’ll give you personalized recommendations to reduce gaps and increase benefits.
1.
Ensure Compliance
We start by reviewing supplier language and intent against your billing records, to ensure compliance with contract terms resulting in invoice accuracy.
2.
Identify New Gaps
We’ll proactively review contracts for any inefficiencies or potential compliance risks, working with your suppliers to prevent gaps and refine language before issues arise.
3.
Apply Learnings
We won’t just work to maintain your current level of benefits. We’ll actively look for new ways to improve terms across your ecosystem with AI amplified by experts, keep your company ahead of the curve, and deliver you maximum value.
How our Contract Monitoring will benefit your business
Remove Administrative Burden
Our AI-driven monitoring work frees up significant time and resources for your company, giving you peace-of-mind and helping you focus on other parts of your business.
Build Vendor Transparency
We develop ongoing relationships with all your suppliers, helping to clarify their intent behind contracts and improving communication between parties.
Implement Best Practices
Insights gained from our monitoring process help your company stay up-to-date with the latest in procurement terms, and identify practices that work best for you.
Enhance Future Savings
With continuously analyzed contracts and invoicing, you can easily plug gaps before they can impact your company’s bottom line.
Ready for holistic AI-powered contract management?
Explore our other solutions or see an overview
All Powered by PRGX Contract Insights™ AI Technology
PRGX’s AI-powered contract intelligence platform continuously evaluates your supplier agreements to prevent value leakage. PRGX Contract Insights™ AI securely processes your contract documents to extract critical terms and tabular data like labor rates, discounts, or fees. This proprietary technology helps our experts identify potential issues before they occur — allowing for proactive intervention that manual reviews would miss. By maintaining constant visibility into your contract ecosystem, we ensure you receive all entitled benefits while maintaining data security.
See how our AI-Powered Contract Compliance solution can help your business
AI-Powered PRGX Contract Monitoring
What is Contract Monitoring?
Contract Monitoring is an ongoing, proactive service that ensures supplier agreements continuously deliver their intended value. Unlike approaches that only examine contracts during audits or renewals, monitoring establishes a real-time system that tracks compliance, identifies emerging issues, and prevents value leakage. It transforms contracts from static documents into actively managed assets that consistently deliver their full financial benefit.
How does Contract Monitoring ensure that Contract Compliance and Contract Optimization work is being maintained?
Contract Monitoring serves as the guardian of value established through Contract Compliance and Contract Optimization activities. It creates a feedback loop by:
- Tracking whether recovered funds remain properly implemented
- Verifying optimized terms are correctly applied in transactions
- Alerting when corrected issues reappear
- Providing early detection of potential compliance concerns
This oversight ensures that work done during Compliance and Optimization phases continues delivering returns rather than degrading over time.
How does Contract Monitoring support procurement teams with limited resources?
Contract Monitoring acts as an extension of your procurement team, maintaining vigilance over supplier performance, billing accuracy, and compliance. For teams managing thousands of contracts, it identifies issues like volume shortfalls, pricing inconsistencies, and service gaps before they impact your bottom line. It streamlines reporting by tracking key metrics, creates a continuous improvement cycle, and frees time for strategic initiatives while maintaining comprehensive contract oversight.
How does Contract Monitoring improve supplier relationships?
Contract Monitoring transforms supplier relationships through proactive engagement rather than reactive disputes. By identifying issues early, it enables fact-based conversations before problems escalate. Regular performance tracking creates transparency, clarifies expectations, and builds collaborative problem-solving instead of after-the-fact confrontations. This approach helps suppliers understand your priorities while providing them feedback to improve their own processes. The result is stronger partnerships based on mutual accountability and continuous improvement rather than adversarial enforcement only when issues become critical.
What types of contracts benefit most from Contract Monitoring?
While all contracts benefit from monitoring, certain types yield exceptional returns:
- High-volume transactional contracts where small errors compound quickly
- Complex agreements with multiple pricing tiers, rebates, or incentives
- Service contracts with detailed SLAs tied to compensation
- Agreements with suppliers who have historical compliance issues
- Contracts in volatile markets where conditions change rapidly
The highest value comes from monitoring your largest and most complex supplier relationships where both risk and opportunity are greatest.
