Financial Services & Insurance

Contract AI to draft and review financial services agreements

Q: Can goHeather draft vendor agreements as well as review them?

Yes. Start a vendor, outsourcing or data sharing agreement from your own template or from one of 10,500+ lawyer-made templates, answer a few questions about the arrangement, and goHeather returns a complete first draft. When the vendor sends their own paper instead, goHeather reviews it, and you can negotiate and sign in the same place.

Q: Which financial services contracts does goHeather work with?

Third-party vendor and outsourcing agreements, fintech and SaaS vendor agreements, data sharing and data processing terms, payment processing and merchant agreements, producer and broker agreements, custodian and fund services agreements, and NDAs with partners. It reads PDF and Word files, and it reads a master agreement together with its schedules and addenda.

Q: Can we check vendor contracts against our own third-party risk standards?

Yes. Write your positions down as a playbook in plain English, such as the audit access you ask for, the breach notice window you accept and the subcontracting terms you can sign. goHeather checks each incoming agreement against those rules and quotes the clause behind every verdict.

Q: Does goHeather tell us whether a vendor contract meets regulatory expectations?

No. goHeather is a contracts AI, not a law firm, and it does not give legal or regulatory advice. It tells you what the agreement says, quotes the clauses your team asked it to look at, and compares them with your own positions. Whether that is acceptable for your institution is a decision for you and your lawyer.

Q: How is our contract data protected?

Contracts are encrypted, the database provider meets bank-grade security, and goHeather has 25+ enterprise-grade security controls. Your documents and data will never be sold, and we do not use your data to train our models. The security page has more detail for your vendor due diligence file.

Q: Who on our team uses goHeather?

Usually vendor management and third-party risk leads, procurement, in-house counsel and finance. Procurement and risk teams use it for a fast first read of vendor paper, and counsel uses it to draft from house templates and to see what changed between versions before signing.

Draft vendor, outsourcing and data sharing agreements from your own templates, and review a vendor's paper clause by clause before it reaches your risk committee. Then send redlines in Word and collect signatures in one place.

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goHeather

SCSarah

Technology Outsourcing Agreement31 pages · reviewed 3 minutes ago8.2Provider may subcontract any part of the Services to any third party without notice to or consent of the Bank.12.4The Bank may audit Provider's performance of the Services once per calendar year on sixty (60) days' written notice, at the Bank's sole cost.13.1Provider shall notify the Bank of any Security Incident affecting Bank Data within thirty (30) days of confirming it.17.3On expiry or termination, Provider shall return Bank Data in its then-current format and shall have no further transition obligations.

ReviewChatChanges

17 findings·5 high risk

#01Subcontracting allowed without notice or consent

Provider may subcontract any part of the Services to any third party without notice to or consent of the Bankthe Services only with the Bank's prior written consent, and remains responsible for each subcontractor's performanceAs drafted, the provider can hand any part of the work to anyone without telling you. Shown against a consent-based alternative for comparison.

#02Security incident notice window of 30 daysEdited

#03No transition or exit assistance on terminationAdded

#04Audit limited to once a year on 60 days' noticeEdited

#05No business continuity testing commitmentAdded

#06Data location not specifiedAdded

Recognized by

The bottleneck

Vendor contracts waiting in the risk review queue

The business line picked a new payments vendor last month, the vendor sent a 40-page agreement with six schedules, and the go-live date is already on the calendar. Someone on the risk team still has to read every page before anyone signs.

Without goHeather

Vendor agreements read line by line by a stretched risk team
Audit, subcontracting and exit terms checked from memory
Outside counsel billed for a routine vendor renewal
Schedules and addenda reviewed separately from the main agreement
Version changes spotted late, or not at all

With goHeather

A first draft from your own vendor agreement template in minutes
A first read of the vendor's paper the same day it arrives
Every agreement checked against your own third-party standards
Redlines sent from Word with track changes, then signed electronically
Counsel focused on the critical vendors that need them

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Drafting

Draft vendor and partner agreements from your house templates

Keep your approved vendor agreement, data sharing agreement and NDA as templates in goHeather, or begin from a lawyer-made one. Fill in the vendor, the services and the dates, and goHeather produces a full draft with your standard terms already in place. Need a clause the template lacks? Ask for it and it goes into the draft.

Your own templates, or 10,500+ lawyer-made ones
Vendor and service details filled in from a few questions
Export to Word with track changes

See the AI contract generator

Vendor Agreement variables4 of 6 filled

Vendor nameWho is the vendor?Ledgerline Payments, Inc.

ServicesWhat will they provide?Card processing and settlement

Effective dateWhen does it start?Mar 1, 2026

Annual feesWhat is the expected annual spend?$240,000

Audit accessHow often can you audit the vendor?

Incident noticeHow soon should the vendor report an incident?

Generate draft

Contract review

Review the vendor's paper before the go-live date

Upload the vendor's master agreement, the statement of work and the security schedule. goHeather reads them as one set, ranks each finding by risk and quotes the clause it comes from, so your risk team starts from a list rather than a blank page.

Audit, subcontracting and oversight terms
Data handling, security and incident notice
Termination, exit assistance and data return

See how review works

HighNo exit assistance on terminationclause 17.3On expiry or termination, Provider shall return Bank Data in its then-current format and shall have no further transition obligationsin a format reasonably requested by the Bank and provide transition assistance for up to six (6) months at the rates in Schedule BAs drafted, the provider's duties end the day the agreement does, with no help moving the service elsewhere. Shown against a version that adds a transition period.Apply to documentDismiss

Playbooks

Your third-party standards, applied to every agreement

Most risk teams ask vendors for the same handful of terms. Write yours down once (the audit access you need, the incident notice you accept, the subcontracting you allow) and goHeather checks each new vendor agreement against them.

Standards written in plain English
A compliant or non-compliant verdict on every rule
The clause it was checked against, quoted in full

#04Vendor reports security incidents within 72 hoursNon-Compliant

This agreement gives the provider thirty days from confirming an incident to tell you about it.Provider shall notify the Bank of any Security Incident affecting Bank Data within thirty (30) days of confirming it.

Ask anything

Ask any vendor agreement a plain question

When the vendor management committee wants an answer before it meets, type the question in everyday language. goHeather answers from the agreement and points to the clause it used.

Answers taken from your own agreement
The clause it relied on, shown alongside
Works across the main agreement, schedules and amendments

Can the provider move our data to a subcontractor without telling us?

goHeatherAs written, yes. Clause 8.2 lets the provider subcontract any part of the services to any third party without notice to or consent from the bank, and nothing in the agreement limits where bank data goes as a result.Technology Outsourcing AgreementClause 8.2: Subcontracting

Contract types

From outsourcing agreements to producer agreements

The contracts a bank, credit union, insurer, fintech or asset manager signs with vendors, partners and distribution channels.

Third parties
Vendor and outsourcing agreements
Draft from your own vendor template, or review the provider's master agreement with its statements of work, service levels and security schedule. goHeather reads the whole package together, so an exit term in a schedule is not missed.
Fintech
Fintech, SaaS and payment agreements
Software subscriptions, payment processing and merchant agreements, read for fees, reserves, data use and termination rights.
Distribution
Producer and broker agreements
Commission terms, appointment and termination, and who owns the book of business, checked against your standard positions.
Data
Data sharing, custody and NDAs
Data processing terms, custodian and fund services agreements, and partner NDAs, reviewed alongside the agreement they support.

How it works

From vendor paper to signed agreement

Nothing to install or configure first. Start a draft or upload the vendor's agreement, and the first pass is usually ready while you are still on the intake call.

Draft or upload
Your template or the vendor's paper
Draft from your approved vendor or data sharing template, or upload the vendor's agreement and schedules as PDF or Word.
Review
Ranked findings in minutes
Each finding quoted from the document, checked against your third-party standards and summarized in plain English.
Negotiate
Send your redline back
Accept the suggested wording or edit it, export to Word with track changes, and compare each version the vendor returns.
Sign and store
Signed and on file
Send the final agreement for e-signature, and the signed copy is kept securely in goHeather for the next renewal.

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20,000+
SMBs and small law firms trust goHeather
$1,419
Average saving vs. a lawyer per deal
10,500+
Lawyer-made templates behind every draft
25+
Enterprise-grade security controls

Your vendor contracts, kept confidential

Vendor and partner agreements carry pricing, account data terms and details of how your institution runs. goHeather protects every upload with enterprise-grade controls, end-to-end encryption and trusted AI providers.

Learn more about security

Contracts encrypted with gold-standard protection
Database provider meets bank-grade security
Your documents and data will never be sold
We do not use your data to train our models

What it covers

What goHeather drafts and checks in a vendor agreement

The clauses it covers first in outsourcing, fintech, data sharing, payment and producer agreements

A vendor relationship in financial services usually runs on several documents at once: a master agreement, one or more statements of work, a service level schedule, a security exhibit and sometimes a data sharing addendum. goHeather covers the clauses below when it drafts from your templates. When it reviews a vendor's or partner's paper, it reads the documents together and quotes each clause with a plain-English summary of how it is written. What to do about any of them is a decision for you and your lawyer.

Audit, oversight and subcontracting

Audit rights. Who can audit, how often, on what notice, who pays, and whether reports or certifications are offered instead of on-site access.
Subcontracting terms. Whether the vendor needs your consent, whether you are told who the subcontractors are, and who answers for their work.
Reporting. What performance, incident and financial information the vendor agrees to share, and how often.
Examiner and regulator access. Whether the agreement includes an access clause for third parties you name, and how it is worded.

Data, security and incident notice

Data use. What the vendor may do with customer and account data, and whether it can use aggregated or de-identified data for its own purposes.
Security commitments. What the security exhibit sets out, and whether the vendor can change it during the term.
The data breach notification window. How long the vendor has to tell you about an incident, and what the notice is written to contain.
Data location and return. Where data is stored, and how and when it comes back or is destroyed at the end.

Continuity, termination and exit

Business continuity. Whether the vendor commits to a plan, to testing it, and to sharing the results.
Service levels. The availability and response targets, how credits are calculated, and whether credits are the only remedy.
Termination rights. Which party can end the agreement, on what grounds, and on how much notice.
Exit assistance. Whether the vendor helps move the service to a replacement, for how long and at what rates.

Fees, liability and distribution terms

Fees and reserves. In payment processing and merchant agreements, how fees are set, when they can change, and how reserves and chargebacks are handled.
The liability cap. What it is tied to, and which obligations the agreement places outside it.
Indemnities. How widely each one is written, and whether it is capped.
Producer and broker terms. Commission and chargeback provisions, appointment and termination, and who keeps the book of business when the agreement ends.
Custody and fund services. Standard of care, fee schedules and the responsibilities each party takes on for records and reporting.

How goHeather fits your contract process

Financial institutions tend to sign far more vendor agreements than their legal teams can read closely, and procurementis often the first to see them. With goHeather, the first draft starts from your approved template, the vendor's paper gets a first read with each clause above quoted and summarized, and in-house counsel can see exactly what changed between versions. Finance teams can check fees, renewals and caps without waiting for a full legal review. Many of the vendors you sign with are software companies, so our page for technology and SaaS companies shows the same contracts from the other side of the table.

goHeather is a contracts AI, not a law firm. It tells you what your agreement says and what to look at. It does not tell you what to accept. See how the review works on our AI contract review page, how drafting works on the AI contract generator page, or book a demo with one of your own vendor agreements.

Starting one from scratch? See our master service agreement, SaaS agreement and NDA templates, or browse every type on the contract templates page.

Can goHeather draft vendor agreements as well as review them?

Which financial services contracts does goHeather work with?

Can we check vendor contracts against our own third-party risk standards?

Does goHeather tell us whether a vendor contract meets regulatory expectations?

How is our contract data protected?

Who on our team uses goHeather?

Trusted by 20,000+ SMBs and small law firms

Draft your next vendor agreement, or review the one on your desk

Start free with your own vendor template or an agreement a provider sent over, or book a demo and we will walk through drafting and review with you.