Contract Renewal Assistant

  • Description: Automate the monitoring and notification process for contract renewals to ensure timely updates and continuity in services or partnerships.

  • Scenario:

    • Trigger: A weekly scheduled system check analyzes all contract documents stored in the Google Drive directory.

    • Smart Monitoring: The system uses AI to scan document metadata and content to extract key details such as contract end dates and terms.

    • Renewal Alerts: Depending on the time left until a contract expires, the system sends automated alerts at predefined intervals: one month, one week, and three days before expiration.

    • Document Update Reminder: In addition to sending alerts, the system can prompt responsible personnel to review and update contract terms if necessary, ensuring documentation is current and ready for renewal negotiations.

  • Value: This proactive contract management system minimizes the risk of unintentional service interruptions and helps maintain continuous partnerships by automating renewal reminders. It also reduces the administrative burden on staff, allowing them to focus on more strategic tasks.