Smart Contract Analytics

Artificial intelligence Powered Contract Analysis solution with machine learning and NLP changing the way contracts are analysed and reviewed. For more information Visit now: https://www.docskiff.ai/

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Contract Discovery & Insights with AI & ML - Standav

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AI-Powered Contract Analytics Software and Review | Smart Contract Analytics

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Get in touch with us to schedule a Smart Contract Analytics platform demo and discuss how we can together achieve your contract goals

Artificial intelligence Powered Contract Analysis solution with machine learning and NLP changing the way contracts are analysed and reviewed.

Get in touch with us

to schedule a product demo and discuss how we can together achieve your contract goals.

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When organizations enter into a business relationship with customers, vendors or suppliers the means of establishing the relationship is by signing a contract. Most of the organizations have legally vetted contract templates with standard clauses when entering into an agreement with the second party. However, for various business reasons some clauses are changed or a new language is introduced before entering into an agreement. There are also situations where an organization is expected to accept a complete third party paper to get into business. When hundreds of contracts are executed it becomes very difficult and labor intensive for any organization to understand what are their obligations within their contracts. Smart Contract Analytics platform powered with AI and ML has the capabilities to get to the bottom of your contracts, perform clause variance analysis and scoring across your contracts to give you a snapshot of the contracts that are deviating from standard templates and which are the contracts that you need to be top to avoid any possible risks.

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Get in touch with us to understand which contracts can put you to risk.

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Organizations follow different methods in handling their contract management process. Some use Microsoft word capabilities and store executed contracts in cloud repositories while some use contract management systems for end to end management of their contracts. Whatever could be the process, every organization will have certain volume of legacy, paper based and also third party contracts and not getting full visibility and insights from these contracts can put the organization at risk. OCR (Optical Character Recognition) tools play a vital role in digitizing these legacy / paper based contracts. Check this full blog to get an idea of what "OCR" is and how it can help in better contract management

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Contracts are essential to any type of business and they determine the obligations of both the parties entering into a business relationship. Most of the organizations use their internal legally vetted contract templates when signing up with the other party but in some cases there will be a need to agree to the other party paper which is also called as the “Third party paper”.

#contractanalysis #artificialintelligence #machinelearning #technology #business #software

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AI Powered Contract Analysis and Review | Smart Contract Analytics

AI-Powered Contract Analysis solution with machine learning and NLP changing the way contracts are analyzed reviewed.

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Artificial Intelligence powered contract analytics powered with OCR helping organizations improve compliance, reduce risk and enhance opportunities.

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Lapses in adherence to contractual obligations can have adverse cost and legal implications, making it imperative for enterprises to implement a robust contracts management process. The presence of diverse systems and the absence of a consolidated view into contracts existing in silos make it difficult to track milestones, resulting in delayed renewals, inconsistent pricing, and loss of revenue. Our Smart Contract Analytics, a comprehensive contract discovery and analytics platform powered by AI & ML, provides 360-degree insights into contracts and related documents, to help enterprises make data-driven decisions.

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Artificial intelligence Powered Contract Analysis solution with machine learning and NLP changing the way contracts are analysed and reviewed.

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Every business around the world irrespective of location, size and nature of business has been deeply impacted with the unprecedented situation we are in with Covid-19. This has greatly challenged businesses with supply chain, business continuity and performing the contractual obligations With uncertainity prevailing all over, it is time for all businesses to relook into their contracts to understand what are their obligations across their contracts and the amount of risk they can be entitled if they fail to perform as per the agreed provisions.

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Gartner defines dark data as the information assets organizations collect, process and store during regular business activities, but generally fail to use for other purposes (for example, analytics, business relationships and direct monetizing). Similar to dark matter in physics, dark data often comprises most organizations’ universe of information assets. These assets include emails, contractual documents, multimedia, and other intellectual property. Parsing, tagging, linking and searching all this dark data is the greatest immediate opportunity for most businesses to unlock the value. With the advances in NLP and Machine learning, making sense out of this data and generating actionable insights to surface the risk, liabilities, and opportunities to renegotiate contractual terms is a low hanging fruit to prove the ROI of the AI initiatives in a company. It’s a good idea to enrich an organization’s data with external data sources that will help in creating new services. The data from Experian, Nielsen and other data aggregators are being used by companies that provide identity theft management, social lending platforms, and others to make instant decisions by applying various machine learning models.