Gatekeeper has unveiled LuminIQ, an AI-driven intelligence layer designed to uncover hidden risks and streamline vendor and contract management. LuminIQ's first AI Agent, the 'Lumin Agent,' automates workflow approvals, ensuring compliance and accelerating processes. Future Lumin Agents will enhance risk scoring, obligation management, and compliance automation.
LONDON, March 19, 2025 /PRNewswire-PRWeb/ -- Gatekeeper, the leading Vendor & Contract Lifecycle Management (vCLM) platform, today announced the launch of LuminIQ, a groundbreaking AI-driven intelligence layer designed to illuminate hidden opportunities and risks across vendor and contract management.
CFOs are navigating a perfect storm: unseen risks and hidden operational blind spots are silently siphoning millions from corporate bottom lines. Yet, this critical vulnerability often remains invisible amidst the increasing demands placed upon them. Data from Gartner reveals over 70% of CFOs are now juggling responsibilities extending far beyond traditional finance roles.
LuminIQ bridges this gap between time scarcity and business priorities. Designed specifically to illuminate hidden risks and close operational blind spots, it empowers CFOs to reclaim visibility, regain control, and safeguard millions otherwise silently lost.
As the industry's first AI solution in the vCLM space, LuminIQ seamlessly embeds advanced Agentic artificial intelligence into Gatekeeper's platform. This transforms how organisations manage approvals, ensure compliance, and extract strategic insights from their vendor and contract data.
LuminIQ's first AI Agent focuses on streamlining vendor and contract workflow approvals, automating routine checks and validations to improve efficiency and compliance dramatically. This intelligent approval 'Lumin Agent' can automatically route approval tasks to the right stakeholders, flag anomalies or non-compliant terms for review, and maintain a complete audit trail of decisions.
By removing bottlenecks in approval processes, organisations can accelerate contract cycle times from days to hours while ensuring that every agreement meets internal policies and regulatory standards.
The introduction of LuminIQ marks only the beginning of Gatekeeper's Agentic roadmap. Gatekeeper's AI Team has a host of Lumin Agents in development, which will be rolled out soon. Upcoming Lumin Agents include vendor risk scoring, obligation management, audit-ready compliance checks, and text and voice-prompted workflow-building capabilities, each designed to extend this intelligent layer across every aspect of Vendor and Contract lifecycle management.
With these forthcoming "Lumin Agents" working 24/7 in the background, customers can preempt vendor risks, never miss critical contract obligations, and easily maintain continuous compliance, super-powering output across your legal, procurement, IT, and Third Party Risk Management teams.
LuminIQ delivers actionable insights that drive efficiency, reduce costs, and support more informed decision-making. LuminIQ enables organisations to negotiate better terms, eliminate unnecessary expenses, and proactively mitigate third-party risks by illuminating hidden spending patterns, risk factors, and performance benchmarks within vendor contracts.
Finance leaders gain greater visibility and control over spend and obligations, legal departments benefit from automated compliance safeguards, and procurement teams can streamline vendor interactions, knowing no vital detail will slip through the cracks.
The result is a more agile, cost-efficient, and risk-aware organisation.
"LuminIQ heralds a new era for vendor and contract management," says Patrick O'Connor, CEO of Gatekeeper.
"We didn't add AI just for the sake of it—we built LuminIQ to solve real challenges our customers face every day. No team has the necessary resources to manage the dynamic data set and regulation environment needed for best-in-class contract, vendor and third-party risk management. LuminIQ is the solution to this challenge. LuminIQ empowers teams to act faster and more strategically by illuminating critical insights and automating complex workflows. We believe LuminIQ will fundamentally shape the future of vendor and contract lifecycle management, setting a new standard for our industry and delivering efficiency gains for teams that were unimaginable just a short time ago."
Gatekeeper's launch of LuminIQ reinforces its leadership in AI-powered vendor and contract management. By blending advanced AI innovation with an intuitive vCLM platform, Gatekeeper is helping customers streamline operations, mitigate risk, and unlock strategic value from their vendor and contract portfolios.
To learn more about LuminIQ and how Gatekeeper is driving the future of vendor and contract lifecycle management, visit Gatekeeper's website to request a demonstration.
About Gatekeeper
Gatekeeper is a leading AI-driven Vendor & Contract Lifecycle Management (vCLM) platform that helps customers manage their vendors and contracts through their full lifecycle.
By centralising all vendor and contract information into Gatekeeper, customers benefit from:
- Clear visibility of their contract and vendor data, including key dates, milestones, and contacts
- Time savings through the ability to securely delegate access to relevant information internally and externally, streamlining collaboration
- Advanced automation tools for processes ranging from simple renewal reminders to complex, fully digitised workflows
- Enhanced compliance with regulatory and policy requirements
- Significant resource and cost savings as a result of deploying Gatekeeper's AI and automation tools
Media Contact
Ian Bryce, Gatekeeper, 44 800 0293 227, [email protected], www.gatekeeperhq.com
SOURCE Gatekeeper
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