How AI-Powered Contract Compliance Saves Millions on Supplier Deals

Discover how contract compliance drives procurement success and how AI-powered solutions from PRGX help organizations unlock hidden value, reduce financial leakage, and improve supplier relationships. This webinar features insights from PRGX experts and a real-world case study from John Lewis.

✅ What You’ll Learn
• Why contract compliance is critical for cost control and risk management
• How audits recover lost value and prevent margin erosion
• Practical steps to build a compliance program and strengthen clauses
• How AI and technology transform contract management and error detection
• Real-world strategies for scaling compliance and improving efficiency

👉 Learn more about PRGX solutions:
🌐 Visit: https://www.prgx.com
📞 Contact: https://www.prgx.com/contact
📧 Email: [email protected]

Timestamps
00:00 Welcome and Webinar Overview on Supply Contract Compliance
00:30 Why Contract Compliance Is Critical for Procurement Success
01:00 How Audits Recover Lost Value and Reduce Financial Leakage
02:20 Meet the Experts from PRGX and John Lewis Partnership
03:20 AI in Contract Compliance Explained by Amit Dhingari
04:40 John Lewis Partnership Case Study with Keith Rosser
05:40 Top Challenges in Contract Management and Supplier Compliance
06:40 Key Statistics Poor vs Excellent Contract Management Impact
07:30 Strategic Renegotiation Tips for Better Supplier Contracts
08:59 First Poll Measuring Contract Compliance Maturity Levels
10:50 What Is Contract Compliance and Why It Matters Today
11:45 Car Analogy for Understanding Contract Performance Audits
13:10 How to Build a Contract Compliance Program Step by Step
15:08 Closing Gaps and Strengthening Clauses for Future Contracts
16:10 Beyond Financial Wins Protecting Intent and Avoiding Disputes
18:50 Governance and Monitoring Best Practices for Compliance
20:40 John Lewis Journey Moving from Tactical to Strategic Approach
24:48 Scaling Up Compliance Programs Across Multiple Contracts
27:40 How AI and Technology Transform Contract Management
29:36 Second Poll Is Your Organization Using AI in Procurement?
31:50 PRGX Contract Insights Tool Features and Benefits Explained
34:20 Seven Steps of Contract Insights Upload to Analytics
36:30 AI for Clause Extraction and Tackling Complex Tabular Data
39:50 Predictive Insights Using AI to Identify Overpayment Risks
41:50 Q&A Custom AI vs General Purpose AI Tools for Compliance
45:10 KPIs Beyond Spend Tracking True Contract Performance
49:20 Missed Opportunities in Renegotiation and How to Avoid Them
54:30 Legal Clauses in Compliance Jurisdiction and Liabilities
55:20 Keith on AI’s Future Role in Contract Performance Management
57:20 Closing Summary Compliance Optimization and Continuous Monitoring
59:40 PRGX Report Available and Next Steps for Procurement Teams
01:00:14 Upcoming SIPs Webinars on Payment Solutions and Risk Management

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