WASHINGTON, June 05, 2017 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE:FCN) today announced that the Company's Technology segment launched its Contract Intelligence Services practice, which delivers solutions for legal teams seeking transparency across enterprise contracts to help make key decisions, leverage negotiations and meet regulatory requirements. FTI Technology assists clients with a broad range of data-related business challenges, including Contract Intelligence as a key component of the broader contract lifecycle management process.

"The ability to uncover, extract and interpret data across thousands of contracts is essential for in-house counsel and legal operations departments to understand the overall impact of those contracts on the business, including both risk and opportunity," said Kathryn Hardie, Leader of the Contract Intelligence Services practice at FTI Technology. "Using a combination of advanced workflows, analytics technology and experienced reviewers, FTI Technology can help organizations modernize their approach to contracts and proactively act upon the data collected."

FTI Technology's Contract Intelligence approach reduces costs by incorporating advanced data analytics with custom solutions and workflows designed by operational and subject-matter experts. Clients receive comprehensive and ongoing updates on review findings such as financial or legal obligations, cost-saving opportunities and risk exposure. These workflows can be applied in a variety of business scenarios:

            • Compliance with lease accounting standards            • Conducting pre-merger contract diligence            • Identifying post-merger business opportunities and synergies            • Aligning contract terms with emerging regulations            • Highlighting trends across contract obligations and risks

"A typical contract portfolio for a large corporation is in the tens of thousands, spanning multiple business units and held in disparate locations," said Ryan Drimalla, a Managing Director within FTI Technology's Contract Intelligence team. "The addition of this practice is a natural evolution within FTI Technology's range of services. Today's manual processes for physically collecting and reviewing data within contracts are cost-prohibitive and resource-intensive. In order to uncover business-critical information contained within these documents, we offer a technology-forward alternative that allows companies to automate processes and quickly identify, review, analyze and extract data to reduce risk and leverage untapped opportunities."

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