AI Contract Management Software
Transform your contract management with AI-powered document processing, 3-second semantic search, Simba 360° vendor intelligence, and an intelligent contract chatbot. Next Renewal brings the latest advances in artificial intelligence to every stage of your contract lifecycle.
How AI Transforms Contract Management
Traditional contract management relies on manual data entry, keyword-based search, and spreadsheet tracking. Next Renewal replaces these outdated approaches with AI that processes contracts 80% faster, understands natural language queries, monitors vendor risk in real-time, and automates approval workflows from end to end.
Our AI capabilities are built on GPT-4o, the most advanced language model available, combined with specialized tools for financial analysis, competitive intelligence, and document processing. The result is a contract management platform that gets smarter with every interaction.
GPT-4o Vision Document Processing
Upload any contract — PDF or Word — and our AI extracts every key term, date, value, and obligation automatically. Using GPT-4o Vision API combined with advanced OCR, documents are processed in seconds with automatic classification, intelligent naming conventions, and zero manual data entry. The system recognizes contract types, identifies renewal clauses, and flags potential risks before they become problems.
3-Second Semantic Search
Find any contract instantly with natural language search. Ask questions like "Show me all Microsoft contracts expiring in Q2" or "Find NDAs with auto-renewal clauses" and get results in under 3 seconds. Powered by pgvector embeddings, our semantic search understands intent and context, not just keywords, searching across all contract text, metadata, and extracted terms.
Simba 360° Vendor Intelligence
Before every negotiation, Simba 360° delivers comprehensive vendor intelligence through 30+ orchestrated AI calls. Get real-time financial data, stock performance analysis, competitive landscape mapping, risk assessments, compliance monitoring, and AI-generated negotiation playbooks. With 260+ verified vendor profiles, your team always negotiates from a position of strength.
AI Contract Chatbot
Ask questions about your contracts in plain English and get instant answers. Our AI chatbot understands your contract portfolio and can surface key information, compare terms across vendors, identify risk patterns, and provide actionable recommendations for your procurement strategy.
ROI of AI Contract Management
- 80% faster processing — contracts are analyzed and classified in seconds, not hours
- 15+ hours saved weekly — per team through automated data entry and intelligent workflows
- $2.4M average annual savings — through prevented auto-renewals, better negotiations, and reduced processing costs
- ROI in 2 months — most organizations see positive returns within their first 60 days