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How to monitor contract obligations after signature?

Contracts create obligations that continue after signature: renewals, insurance evidence, reports, service levels, audit rights, price reviews, and termination windows. TextMine helps teams extract, record, and workflow post-signature obligations from supplier agreements.

What are post-signature obligations?

Post-signature obligations are the actions that must happen after a contract is signed. They include renewal notices, reports, certificates, audit evidence, service reviews, price changes, compliance attestations, and termination windows.

These obligations only create value if owners can see them and act on them.

An illustration of data being extracted from documents

Why do obligations get missed?

Many obligations are buried in static PDFs and never transferred into operational systems. Teams may know a contract exists but miss the specific action, deadline, owner, or evidence requirement.

TextMine extracts obligations from documents and turns them into workflowed tasks.

an illustration of documents

How does TextMine manage obligations?

Vault extracts obligations and source evidence. Records store approved obligation properties. Workflows create reminders, approvals, and escalations. Integrations can sync approved obligations to CLM, vendor management, or task systems.

an illustration of vault extracting data from contracts and answering questions about them

Example obligation

The Supplier shall provide quarterly service reports, maintain current insurance evidence, and participate in an annual service review with the Customer procurement owner.

Service report cadence
Quarterly
Insurance evidence
Current certificate required
Annual review
Procurement owner meeting
Workflow action
Create recurring obligation tasks
Service report cadence
Quarterly
Insurance evidence
Current certificate required
Annual review
Procurement owner meeting
Workflow action
Create recurring obligation tasks

Example obligation

The Supplier shall provide quarterly service reports, maintain current insurance evidence, and participate in an annual service review with the Customer procurement owner.

Service report cadence
Quarterly
Insurance evidence
Current certificate required
Annual review
Procurement owner meeting
Workflow action
Create recurring obligation tasks
Service report cadence
Quarterly
Insurance evidence
Current certificate required
Annual review
Procurement owner meeting
Workflow action
Create recurring obligation tasks

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How to get started with Vault

To see how Vault performs on your use document data extraction use case, book a demo with a member of our team using the following form.

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