---
title: "Risk Management with Analytics, AI, and Machine Learning"
slug: "risk-management-with-analytics-ai-and-machine-learning-1"
updated: 2026-10-01T18:44:39Z
published: 2026-10-29T16:29:08Z
canonical: "wiki.cobblestonesoftware.com/risk-management-with-analytics-ai-and-machine-learning-1"
---

> ## Documentation Index
> Fetch the complete documentation index at: https://wiki.cobblestonesoftware.com/llms.txt
> Use this file to discover all available pages before exploring further.

# Risk Management with Analytics, AI, and Machine Learning

**COBBLESTONE SOFTWARE**

Contract Insight — User Guide

**Risk Management with Analytics, AI, and Machine Learning**

*03. Admin User Manual › VISDOM & Risk Management › Risk Management with Analytics, AI, and Machine Learning*

**Note:** Each procedure in this guide begins at the Contract Insight homepage, so any section can be followed on its own. Custom fields are configurable, so the exact field list on a contract category record may vary between environments.

# 1. Overview

Risk in the redesigned application is surfaced from more than one angle at once. A contract record's summary panel shows **Risk warnings** and a **Risk register** (a High/Medium/Low by Unlikely/Possible/Likely grid) independent of VISDOM. VISDOM adds AI-driven risk analysis on top of that: the **Playbook** tab in the **Edit with VISDOM** workbench scores every clause in a chosen **playbook** against the uploaded document, and the Default extractions tab's CLAUSES group includes **Clause sentiment** and **High-risk findings** (both of which require **Clause extraction** to be turned on first) alongside **Language Risk**, which flags risky or non-standard contract language. Combined, these give a layered view of risk: structured register/warning data on the record itself, clause-level sentiment and high-risk flags from VISDOM's document analysis, and **playbook**-based scoring of how a document's clauses compare to an organization's standard language.

# 2. Key Elements

- Record-level **Risk warnings** and a **Risk register** grid appear on every contract's summary panel, independent of VISDOM.
- VISDOM adds **Clause sentiment** and **High-risk findings** (both require **Clause extraction**) plus a **Language Risk** service that flags non-standard wording.
- The **Playbook** tab in **Edit with VISDOM** scores every clause in a chosen **playbook** against the document for a structured, AI-assisted risk comparison.

# 3. Viewing a Contract's Risk Register

The **Risk register** card in a contract record's right-hand summary panel plots every risk recorded against that record on a **High/Medium/Low** by **Unlikely/Possible/Likely** grid. Each risk is listed below the grid with its category, rating, description, score, exposure, probability, owner, and mitigating control. A record with no risks shows "No risks recorded."

1. From the homepage, select **Contracts** in the left navigation.
2. Click **Manage** on the contract you want to review.
3. Scroll the right-hand summary panel to the **Risk register** card.

![Risk register card on a contract record](https://cdn.document360.io/e3626857-1fb5-4e27-b278-2d3fc5508be4/Images/Documentation/risk-register-add-risk.jpg)

# 4. Recording a Risk Against a Contract

Risks are added directly from the Risk register card without opening the full edit form. Each risk's score is calculated from its exposure and probability (for example, an exposure of 75 at a 30% probability scores 22.5), and the risk is placed on the grid accordingly.

1. Open the contract record (**Contracts** → **Manage**).
2. In the **Risk register** card, click **+ Add risk**.
3. Select a **Category**, then enter the **Exposure** and **Probability %**.
4. Enter a **Description** and the **Mitigating control**.
5. Click **Add**. The risk appears on the grid and in the list below it.

![Add risk form in the Risk register card](https://cdn.document360.io/e3626857-1fb5-4e27-b278-2d3fc5508be4/Images/Documentation/risk-register-add-risk(1).jpg)

# 5. Opening a Document in Edit with VISDOM

VISDOM's AI risk analysis runs in the **Edit with VISDOM** workbench. Word documents open for editing; PDFs open for VISDOM analysis.

1. Open the contract record (**Contracts** → **Manage**).
2. Select the **Attachments & Templates** tab.
3. In **Files / Attachments**, click the **Edit with VISDOM** (sparkle) icon in the document's Actions column.

![Edit with VISDOM icon on the Attachments & Templates tab](https://cdn.document360.io/e3626857-1fb5-4e27-b278-2d3fc5508be4/Images/Documentation/attachments-edit-with-visdom.jpg)

The workbench opens with the document on the left and the **Next steps** panel on the right, which lists field disagreements between the document and the record and offers **Compare this document to your playbooks**.

![Edit with VISDOM workbench Next steps panel](https://cdn.document360.io/e3626857-1fb5-4e27-b278-2d3fc5508be4/Images/Documentation/workbench-next-steps.jpg)

# 6. Turning On Clause Sentiment and High-Risk Findings

Clause sentiment and High risk findings are part of the **CLAUSES** group in VISDOM's feature selection and are off by default. Both depend on **Clause extraction**, which is on by default.

1. On the **Edit with VISDOM+ IntelliXtract** page, under **VISDOM Tools**, click **features selected – change…**.
2. In the **Select features** dialog, under **CLAUSES**, check **Clause sentiment** (which party each clause favors) and **High risk findings** (non-standard and uncommon language).
3. Click **Done**. The selected features are listed under VISDOM Tools, and features that will not run are listed beneath them.

![VISDOM+ Select features dialog with Clause sentiment and High risk findings checked](https://cdn.document360.io/e3626857-1fb5-4e27-b278-2d3fc5508be4/Images/Documentation/visdom-select-features.jpg)

# 7. Comparing a Document Against a Playbook

The **Playbook** tab scores every clause in the selected playbook(s) against the document's language and reports what is covered, what deviates, and what is missing.

1. With the document open in Edit with VISDOM, select the **Playbook** tab.
2. Under **Available Playbooks**, check one or more playbooks.
3. Adjust the **Match %** threshold if needed (default 80), then click **Compare**.

![Playbook tab with a playbook selected](https://cdn.document360.io/e3626857-1fb5-4e27-b278-2d3fc5508be4/Images/Documentation/playbook-select.jpg)

Results show an overall match percentage with **Missing**, **Deviate**, and **Covered** counts. Each playbook clause is listed with its status and closest match percentage. Click **Redline all** to redline deviating clauses, **Re-compare** to run again, or **Change** to pick different playbooks.

![Playbook comparison results](https://cdn.document360.io/e3626857-1fb5-4e27-b278-2d3fc5508be4/Images/Documentation/playbook-results.jpg)

# 8. Quick Reference Summary

| **Task** | **How to Complete It** |
| --- | --- |
| View a contract's risk register | Contracts → Manage → right-hand summary panel → Risk register card. |
| Record a new risk | Risk register card → + Add risk → enter Category, Exposure, Probability %, Description, Mitigating control → Add. |
| Open a document in Edit with VISDOM | Contract record → Attachments & Templates → Edit with VISDOM (sparkle) icon on the document. |
| Turn on Clause sentiment / High risk findings | Edit with VISDOM+ IntelliXtract → VISDOM Tools → features selected – change… → CLAUSES → check both → Done. |
| Compare a document to a playbook | Edit with VISDOM → Playbook tab → select playbook(s) → set Match % → Compare. |