TRG Screen Launches AI Tool to Speed Up Market Data Contract Review
TRG Screen released Contracts AI, a new capability within its Optimize Spend platform designed to help financial institutions extract terms from vendor agreements in minutes instead of hours.
Market data contracts typically govern usage rights, access restrictions, and obligations buried in complex legal language. A single contract currently takes market data teams four to six hours to analyze, creating delays across legal, procurement, and compliance functions.
Contracts AI automatically extracts key contract terms and converts them into structured, searchable data. The system traces each data point back to its source clause and integrates findings into existing governance workflows, allowing teams to answer compliance and renewal questions with audit trails.
What Changes for Teams
The tool reduces manual processing time significantly. Teams can now access contract information across the organization-enabling better compliance reporting, stronger negotiating positions, and faster renewal cycles.
Unlike general-purpose AI tools that summarize documents, Contracts AI pulls every relevant data point with documented source references. This gives compliance and procurement teams auditable answers rather than summaries.
"With this new capability, our clients will save significant time at scale, reduce vendor compliance risk, get better reporting, improve their negotiating power, and create the clean, structured data foundation required for smarter renewals," said Suzanne Ward, Chief Product Officer at TRG Screen.
Broader Strategy
The release marks the first step in TRG Screen's plan to operationalize contract data across its platform and support increasingly automated contract lifecycle workflows.
For managers overseeing procurement or compliance teams, this type of automation addresses a concrete pain point: the time spent manually reviewing vendor agreements. If your organization uses market data services, the tool could reduce bottlenecks between legal, procurement, and operations.
TRG Screen provides market data and subscription cost management software for financial services and legal firms. The company is owned by Vista Equity Partners.
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