Finance scenario: Contract review
Available with: Microsoft 365 Copilot Scenario level:
KPIs impacted
Reduce spend
Risk management
Value benefit
Cost savings
Employee experience
Using Copilot to speed contract reviews
1. Find the asks in your emails
Use Copilot to catch up on emails regarding the latest professional services contract to prepare for a consultation with an internal deal stakeholder.
Microsoft 365 Copilot Chat2
Example prompt: Catch me up on the emails about the Contoso deals. Summarize the latest requests.
2. Recap a meeting
Catch up on the last meeting with the stakeholder using Copilot in Teams to ensure clarity on their latest requests. Use Teams Rooms for the meeting to enable a transcript with proper attributions from a conference room.
Copilot in Teams
Example prompt: Summarize this meeting and provide the key points and action items.
3. Summarize the contract
Review the new contract with Copilot in Word, extracting key insights, tender documents, and amendments for the deal and associated revenue impacting terms/conditions.
Copilot in Word
Example prompt: Ask Copilot a series of prompts: “What is the commitment and monthly fee?”, “What are the T&Cs for invoicing?”, “What is the license term?”
4. Collaborate with team
Solicit input with Copilot in Loop and finalize with team on the technical accounting guidance for the draft customer agreement.
Copilot in Loop
Example prompt: Generate a space for team members to dynamically contribute and ideate on deal structure recommendations. “Create a list
of topics to discuss for a contract review.”
5. Prep for a meeting
Gain alignment with the stakeholders on the recommended accounting guidance, prompting Copilot for a meeting agenda.
Microsoft 365 Copilot Chat2
Example prompt: Create a meeting agenda based on the latest contract review meeting and email with the objective of aligning on the accounting recommendations for the deal.
6. Create an email with response
Reply to the stakeholder using Copilot in Outlook with a concise but thorough summary of the recommended agreement updates.
Copilot in Outlook
Example prompt: “Draft with Copilot” a reply with a bulleted list of the team’s recommendations, associated rationale, and next steps. Tone is Formal and Length is Short.
1Access Microsoft 365 Copilot Chat at m365copilot.com or the Microsoft 365 Copilot Chat mobile app and set toggle to “Web".
2Access Microsoft 365 Copilot Chat at mm365copilot.com, the Microsoft 365 Copilot Chat mobile app or the Microsoft 365 Copilot Chat app in Microsoft Teams, and set toggle to “Work”.
3Copilot agents allow Microsoft 365 Copilot to access your organization-specific apps. In the past, this would have required an API call to get data from a system of record. The content in this example scenario is for demonstration purposes only. You should evaluate how Copilot aligns with your organization’s business processes, regulatory requirements, and responsible AI principles.
The content in this example scenario is for demonstration purposes only. You should evaluate how Copilot aligns with your organization’s business processes, regulatory requirements, and responsible AI principles.
