Abstract: Provided is a system and method for processing contract documents. The method includes searching contract documents to form one or more groups of contract documents by selecting a first contract document for each group and searching for other contract documents having a relevance score within a relevance threshold. A most recently revised contract document is determined within each group and a similarity score determined for each contract document in the group against the most recently revised contract document for the group. Contract documents having a similarity score below a similarity threshold are removed from each group to form one or more respective filtered groups of contract documents. Contract documents of each filtered group are compared to determine a template for the filtered group.

Abstract: Provided is a system and method for processing contract documents. The method includes parsing a first contract document to identify a plurality of clauses in the first contract document, each clause of the plurality of clauses including a sequence of words, generating a plurality of representation vectors based on the first contract document and at least one embedding model, wherein each representation vector of the plurality of representation vectors is generated based on a separate clause of at least a subset of clauses of the plurality of clauses, comparing each representation vector of the plurality of representation vectors with a second plurality of representation vectors stored in a vector database, and generating output data based on the representation vectors and the first contract document.

Abstract: System and method for generating a supplier risk score in a procurement system. The method comprises storing source data pertaining to one or more suppliers in a relational database of the procurement system and aggregating portions of the source data by selected variables to determine risk values. The risk values are stored at locations within a multidimensional database having dimension member pairs corresponding to the selected variables. A supplier risk score is calculated responsive to a real-time sourcing request by leveraging the pre-aggregated risk values of the multidimensional database. A customized procurement workflow is triggered based on the calculated supplier risk score.