London – 6 May 2021 – Leading business and financial adviser Grant Thornton UK LLP has partnered with MRI Software to develop a unique capability that provides contract analytics and insights to the EMEA market.
The agreement means that Grant Thornton will act as a reseller and channel partner for MRITM Contract Intelligence powered by Leverton AITM, which uses pioneering artificial intelligence technology for data extraction and contract analytics for corporate and legal documents. The combined offering provides a scalable, efficient, and transparent capability that businesses can use to unlock value from existing contracts, either as a direct revenue increase or broader insight to drive process improvement.
The service is a flexible capability with broad potential across a range of industries, particularly affecting those with a high volume of business-to-business contracts that are substantial in value.
Commenting on the agreement, Paul Jefferies, Consulting Partner and Head of Telecommunications at Grant Thornton UK LLP, said:
“We are excited to announce this formal agreement with MRI Software as it will help to unlock the significant commercial value that many of our clients suspect is locked away in their legacy business contracts. We have been working with MRI’s Leverton AI platform for the last two years through several client engagements, and our experience is that we can consistently deliver strong return on investment for clients after a short proof of concept period. MRI Software’s deep learning technology coupled with Grant Thornton’s in-house analytics capability structures and simplifies an otherwise confusing data landscape and provides absolute clarity around contractual billing performance”.
“The market-place for contract analytics has rapidly evolved in the last few years with increased adoption of digital solutions for managing, analysing and assuring legal contracts. This agreement represents an exciting flexible and scalable digital capability that helps organisations unlock contract value.”
Saurabh Abhyankar, Chief Product Officer at MRI Software, added:
“The new agreement between MRI and Grant Thornton empowers organisations to take control of data and leverage it to reduce risk and maximise value for the business. AI-powered technology helps uncover revenue gaps, unnecessary spending and sources of lost revenue, which allows revenue assurance teams to verify that their billing processes match the contract pricing structures. This service will be essential for forward-thinking organisations to protect their business and move forward confidently while navigating change and driving operational efficiencies.”
About Grant Thornton UK LLP
Grant Thornton is one of the world’s leading organisations of independent assurance, tax and advisory firms. Proactive teams use insights, experience and instinct to understand complex issues for privately owned, publicly listed and public sector clients – helping them to find sustainable solutions. More than 56,000 Grant Thornton people across 140 countries are focused on making a difference to clients, colleagues and the communities in which we live and work. We’ve got scale, combined with local market understanding. That means we’re everywhere our clients are, as well as where they want to be. The UK Grant Thornton member firm is led by 190 partners and employs over 4,500 of the profession’s brightest minds. We are a business adviser that helps organisations navigate today’s volatile markets, has a strong focus on quality and delivers insights to succeed. Find out more at www.grantthornton.co.uk @GrantThorntonUK
© 2021 Grant Thornton UK LLP. All rights reserved.
About MRI Software
MRI Software is a leading provider of real estate software solutions that drive innovation and maximize strategic and operational efficiencies. MRI’s AI-powered technology platform coupled with an open and connected ecosystem empowers organizations of all types to leverage high volumes of data to gain insights and identify opportunities for cost savings and increased revenue. MRI has been a trailblazer in the technology industry for over five decades, helping more than two million users worldwide manage real estate, leases, contracts and other aspects of their business. Through leading solutions and a rich partner ecosystem, MRI gives companies the freedom to elevate their business and gain a competitive edge. For more information, please visit mrisoftware.com.
(US for MRI)
Rachel Antman (+1 212 362 5837)
(EMEA for MRI)
Hugh Filman (+44 7905 044850)
or Zoe Mumba (+44 7725 832393)
(ANZ for MRI)
Heather Jones (+61 400 394 669)