One of the greatest internal risks to a LIBOR transition program is the identification of all relevant legal language and documentation, including contracts, leases, SLAs/OLAs.
Scrutinizing contracts is time consuming and difficult to manage on a global scale. Any change entails reviewing all in-scope contracts to determine the right transition path. When done manually, this places a heavy burden on finance, legal, and operations teams. To address these challenges, KPMG brings together two assets to automate contract analysis and remediation:
By automating repetitive, rule-driven processes with KPMG's AI-enabled contract management and workflow platform, you have the ability to realize lower costs, greater accuracy, rapid deployment, improved compliance, and higher customer satisfaction.
For more information, watch our short video.