# Commercial Contract Due Diligence Assistant

> Source: https://bryter.com/de/use-cases/commercial-contract-due-diligence-assistant/

The Commercial Contract Due Diligence Assistant helps expedite the contract due diligence process and standardize the way you report in your house-style or make necessary amendments in accordance with your internal playbook.

The Commercial Contract Due Diligence Assistant ultimately enables lawyers to spend more time identified as critical, risky or in breach of internal guidelines and mitigate the risk of missing important issues. This is an advantage for both law firms and [corporate legal](https://bryter.com/team/corporate-legal/) departments. Law firms are able to augment commercial contract due diligence. In-house legal departments are able to streamline the review of contracts in accordance with their internal parameters. The tool can also be adapted to escalate issues to more senior lawyers or provide legal sign-off automatically freeing up lawyers to do what they do best: practice law.

#### Background

Law firms and legal departments are often tasked with the review of large numbers of contracts, whether it be as part of a complex due diligence exercise or to provide legal sign-off for a company’s day-to-day business. 

The volume and complexity of such contracts have only increased in recent years, meaning that lawyers will often have to sample the contracts for review. For those contracts that are not reviewed, resultant risks may be missed leaving a company exposed. 

#### Commercial Contracting Challenges

In addition to risky exposures, poor contracting also exacerbates other operational inefficiencies and affect inter-team cooperation. The [2021 EY Law Survey](https://www.ey.com/en_gl/law/general-counsel-imperative-barriers-building-blocks) found that 90% of Business Development Managers find it challenging to work with procurement, legal and commercial teams on contracting. And even more alarming, 60% of Business Development Leaders found inefficiencies in contracting to be slowing down revenue recognition and 50% of them believe operational blocks have resulted in a loss of business. And on top of that, 99% of general counsels reported a lack of technology and resources to efficiently address contracting. 

As a result, inhouse legal teams often need to resort to manual contracting, relying on legacy contracts, but having to manually update each new contract, which leads to significant errors in the process and steals away time from strategic work. 

The Commercial Contract Due Diligence Assistant streamlines the review process and minimizes the likelihood of missing something important. It also helps to reduce the amount of repeatable and error-prone tasks that eat up lawyers’ time by offering an automated approach. Our [**risk management software**](https://bryter.com/applications/risk-management/) allows the lawyers to save time in two ways:  

1. by configuring a pre-determined set of factors (e.g. change of control risk) into the tool, the reviewer can focus on the key provisions in the contract; and 

1. by applying a built-in risk scoring model, the tool enables the reviewer to more quickly identify those contracts that contain risky/critical issues.