#USA #Boston #contract management #LinkSquares #Risk Scoring Agent

LinkSquares Introduces AI-Powered Risk Scoring Agent

In recent news from LinkSquares, a leader in AI contract lifecycle management technology, the company has officially launched its innovative Risk Scoring Agent designed to transform how organizations manage contract risks. With this new feature, businesses can significantly reduce manual review times and gain instant insight into their contractual obligations and risks.

The Risk Scoring Agent works seamlessly across the entire contract lifecycle, delivering risk assessments that are tailored to each organization's specific risk profile. Andrew Leverone, Chief Product Officer at LinkSquares, explained, "Our Risk Scoring Agent redefines a traditionally manual approach by allowing teams to automatically assess and visualize risk based on custom criteria. This not only streamlines reviews and saves countless hours but also empowers executives with actionable insights to enhance negotiations, advance MA strategies, and adapt swiftly to regulatory or market changes."

Addressing Contract Review Challenges

Today's organizations encounter an array of risks associated with contracts at every phase of their lifecycle. A recent survey highlighted that 69% of legal professionals observed significant time savings and turnaround improvements after leveraging AI for contract review. Traditional manual reviews have shown to be slow, inconsistent, and prone to human error, often leading to overlooked unfavorable terms just to expedite deals.

Furthermore, many organizations manage a substantial number of legacy contracts that may contain hidden liabilities. Without systematic monitoring, these issues can remain undetected until they result in costly incidents or compliance violations.

LinkSquares' Risk Scoring Agent tackles these challenges with features such as customizable risk profiles and AI-powered risk quantification, providing organizations with a comprehensive risk assessment on a scale of 0-100 for each contract. Users can analyze both in-flight and executed contracts with consistency, allowing for effective risk comparisons and identification of potential liabilities before renewals take place.

Empowering Organizations with Insights

The possibilities that the Risk Scoring Agent opens up for organizations are profound. Companies can quantify their risk reduction efforts like never before, benefiting from measurable metrics that aid in executive reporting. Ahsan Mian, General Counsel at Sign in Solutions, suggested how transformative the agent has been for their contract management processes: "Running the agent across our contracts is seamless, replacing what used to be a time-consuming manual review. We're now saving hours each week by automating the risk analysis while gaining invaluable visibility into active negotiations and our legacy contracts."

The Risk Scoring Agent is now available, and LinkSquares encourages organizations to sign up for a demo. Interested parties can witness this tool in action during a product spotlight webinar scheduled for June 10, 2025.

About LinkSquares

As a frontrunner in AI-enabled contract lifecycle management, LinkSquares serves over 1,000 clients, including notable names like DraftKings, ProPharma, Wayfair, and the Boston Celtics. Their proprietary AI engine is uniquely crafted for excellence in analyzing legal documents, facilitating substantial efficiency and strategic value in contract management. By providing powerful analytics, minimizing risk, and enhancing workflows, LinkSquares positions itself as a crucial partner for businesses seeking to maximize their contract management capabilities. To explore more, visit LinkSquares or follow them on LinkedIn.