Smart agreements on Clause are comprised of one or more Smart Clause® templates that send and receive data and process events. These contract events contain both new and aggregated data-points from external software systems and web services that. Taken together, these generate Clause Intelligence information that can be used to tell powerful stories that describe, predict, or prescribe business actions. The Audit Trail captures such Smart Clause® data and provides an easy way to view every contract event; this data can also be exported to other systems.
Clause Intelligence spans data about parties' financial status, behavior, and the performance of obligations specified in Smart Clause® templates. For example, business leaders or vendor management teams can answer questions like: what percentage of our North American vendors comply with packaging or label requirements stipulated in Schedule B of our MSA?
Clause Intelligence provides the ability to analyze past and current state of contracts to derive business intelligence.