Analytics and Clause Usage Tracking:
ContractKen doesn’t just help you draft; it helps you continuously improve your contracts. Our Clause Library includes an analytics dashboard that provides insight into how clauses are used and performs over time
Usage Frequency: See which clauses are used most often and which are rarely used. This can highlight, for instance, that a certain indemnity clause is in almost all your contracts (a mission-critical clause), whereas a particular arbitration clause is seldom used (perhaps it’s too strict or not needed often).
Negotiation Heatmaps: For each clause, users can log if that clause faced heavy negotiation or changes in a deal. Over time, the library can show a “heatmap” – e.g., your limitation of liability clause was renegotiated in 30% of contracts, usually to raise the cap. Such insights help you decide if you want to adjust your standard or have a pre-approved fallback ready.
Compliance Checks: Track compliance by seeing how often people deviate from the library. If users are frequently pasting in custom language instead of using the library clauses, that might indicate gaps in the library or a need for training. ContractKen can alert library administrators when non-standard clauses are detected in a draft (since our AI knows what’s in the library, it can flag what’s not in it). This gives you oversight to catch rogue language early.
ROI Metrics: Our analytics also quantify time saved. For example, it can estimate “hours saved this quarter by reusing clauses” based on insertion counts, and even attempt to quantify risk reduction by tracking how many contracts used compliant language. These metrics help you demonstrate the value of the clause library to stakeholders.