Contract IQ

Contract IQ

Enhance Supply Chain Transparency and Price Integrity Through Automated Contract Compliance

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Automated Contract-to-Transaction Validation

Agentic AI for Pricing and Contract Intelligence that Uncover Hidden Pricing Risks Across Suppliers

Supplier Price Verification

  • Improve cost visibility through continuous monitoring of every product or inventory item
  • Detect pricing irregularities or questionable behavior across suppliers and contracts
  • Identify violations and anomalies in pricing patterns from manufacturing to delivery

Contract Validation

  • Map contract terms to actual transactions through automated cost model analysis
  • Verify transactional accuracy across suppliers AI-driven validation of vendor contracts and pricing
  • Leverage comprehensive dashboards to identify non-compliant suppliers, transactions, and pricing

Purchase Price Comparison

  • Benchmark market rates from external data providers
  • Analyze historical pricing across suppliers and peer transactions.
  • Investigate potential overpricing, bid rigging, or collusion through flagged statistical outliers
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Shift From Episodic Assessment to Continuous Vendor Risk Monitoring with Digital Assistants

konaAI’s digital assistants replace periodic vendor reviews with persistent, 24/7 automated surveillance offering:
  • Automatic Risk Triggers– Activates alerts based on risk severity and supplier criticality
  • Risk Synthesis – Integrates signals from multiple sources to build comprehensive, real-time risk signals.
  • Alert Prioritization – Evaluates vendor impact and business criticality to focus on attention where it matters most
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Case Study
Proactive Risk Management Identified $6 million in High-Risk Transactions
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AI-Powered Contract Analysis for
Fraud-Resilient Supply Chains

konaAI’s Contract IQ empowers organizations with the tools to oversee complex inventory, transactions, and supplier partnerships with precision.

Strengthen auditability and contract governance

Ensure suppliers adhere to contract terms and pricing structures

Enhance decision‑making through enriched cost model analysis and actionable risk insights
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Price Variance Analysis and Pattern Detection to Identify Procurement Fraud

Advanced Fraud Detection Algorithms
Identify circumvention of approval thresholds by analyzing order patterns and aggregating related purchases to identify threshold circumvention.

Collusion Detection Capabilities
Analyze communication patterns, meeting schedules, supplier rotations, ownership structures, and suspicious relationships to identify collusion networks and pricing anomalies.

Price Escalation Analysis
Track supplier pricing evolution over time, correlating changes to contract modifications, personnel changes, or other events to identify fraud and provide evidence for recovery efforts.

One Platform. Unlimited Possibilities.

Flexible Data Integration:
Works with any ERP or legacy system

Robust Assessment Library:
Hundreds of algorithms, pre-built and mapped to specific fraud schemes and policy controls

External Risk Intelligence:
Enhance risk classification, using emerging information from OpenSanctions, LexisNexis, and internal transaction systems

Expertise:
Leverage 25+ years of proven anti-fraud analytics expertise

Integrated Case Management:
Streamline reviews with fully auditable workflows that simplify documentation and reporting

Transparent Fee Structure:
Provide multi-user access, unlimited reporting, and comprehensive data sources within a predictable pricing model

Frequently Asked Questions

Supplier Pricing and Contract Verification

What is supplier price verification and why does it matter?
Supplier price verification is the continuous monitoring of every product or inventory item to maintain full cost visibility across your supply chain. konaAI enables organizations to detect pricing irregularities, questionable supplier behavior, and anomalies in pricing patterns at every stage from manufacturing through to delivery, helping procurement teams stay in control of spend.
How does konaAI detect pricing irregularities across suppliers?
konaAI continuously monitors every supplier and contract, analyzing pricing patterns from manufacturing to delivery. The platform flags anomalies and questionable behavior as they emerge, giving your team real-time visibility into where pricing deviates from expected norms or agreed contract terms.
How does konaAI benchmark supplier pricing against the market?
konaAI integrates with external data providers to benchmark market rates and compares them against your historical pricing across suppliers and peer transactions. This allows your team to identify potential overpricing quickly and with confidence, backed by external market data rather than internal assumptions alone.
How does konaAI validate contracts against actual transactions?
konaAI uses automated cost model analysis to map contract terms directly to actual transactions. Its digital assistants check vendor contracts and pricing for transactional accuracy across all suppliers to surface results in comprehensive dashboards that highlight non-compliant suppliers, transactions, and pricing.

Fraud Detection

Can konaAI detect bid rigging or supplier collusion?
Yes. konaAI’s purchase price comparison capabilities include investigation of potential overpricing, bid rigging, and collusion through flagged statistical outliers. The platform also features dedicated collusion detection that analyzes communication patterns, meeting schedules, supplier rotations, ownership structures, and suspicious relationships to identify collusion networks and pricing anomalies.
What is threshold circumvention and how does konaAI detect it?
Threshold circumvention occurs when purchases are deliberately split or structured to stay below approval limits, bypassing authorization controls. konaAI’s advanced fraud detection algorithms and digital assistants analyze order patterns and aggregate related purchases to surface this behavior, even when it is spread across multiple transactions, suppliers, or time periods.
How does konaAI support fraud recovery efforts?
konaAI’s price escalation analysis tracks how supplier pricing has evolved over time and correlates those changes to contract modifications, personnel changes, or other relevant events. This creates a documented evidence trail that organizations can use to support fraud recovery efforts and audits.

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