Method, System, and Computer Program Product for Automatic Contract Management Activation

This invention describes an automated system for managing contracts within a business's resource planning. It works by constantly checking operational data, using artificial intelligence (specifically neural networks and separate machine learning models) to predict upcoming needs like contract renewals, maintenance, or new purchase requests. The system then automatically takes actions, sends communications, or adjusts settings to manage those contracts based on these predictions.

Why it matters: Filed in 2023, the rapid evolution of AI/ML tools and platforms continues to make building sophisticated predictive models for contract management more accessible and efficient. Modern AI frameworks can now more readily handle the complex data correlation and prediction tasks required for automated contract management.

Status: Under examinationA pending application. It has not been granted, and it has not been abandoned.
How hard to build: SpecializedMachine learning models, software integration

3 AI reinvention directions for this patent

See all three

AI gives you a few directions you could take this. Pick one, and we check whether your version is different enough to patent, then write the filing.

Reinvent this with AI

Where this one came from

Every morning we go through millions of abandoned patents and pick out 15 worth your time. This was one of today’s.

This one

+10