Collecting contract metadata - the crucial information within legal agreements - is a laborious and time-consuming process. Employees spend countless hours on contract lifecycle management (CLM), which involves meticulously reviewing, collecting, quality-checking, and storing vital contract data.
Traditional data extraction technologies promise to alleviate this burden. However, they often fall short. These solutions struggle to capture the subtleties and complexities of legal language, leading to inaccurate extractions with potentially serious consequences if left uncorrected.
We’re proud to offer a specialised AI data extraction solution for contracts. Our AI reads contracts like a human, identifying and capturing the desired information in a structured format. The AI’s natural language processing (NLP) abilities mean that it can comprehend complex legal terms within the contract’s context. It’s like having a trained human analyst read and capture information from contracts — at a fraction of the cost.
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