Contract Discovery and Analytics platform

Written By:    Ganeshoscar

Smart Contract Analytics (SCA) Platform is based on AI / ML and specifically uses NLP and pattern recognition to process the contracts and extract the metadata. The platform is hosted on the AWS cloud that takes advantage of all security features that AWS provides along with the high availability and scalability features with GDPR compliances.

Artificial Intelligence / Machine Learning capabilities:

The SCA Platform uses Deep learning Neural Network models like Bi-LSTM, CNN and other models that leverage state-of-the-art Natural Language Processing (NLP) based modeling techniques such as Word2Vec and Bi-directional Encoder Representations with Transformers to develop a semantic understanding of the document contents and further extract relevant entities and clauses.

Product features:

1) NLP and deep learning techniques for extracting metadata

2) Export the extracted data to Excel or client desired format and push the extracted data into any CLM or downstream system

3) Support of foreign languages (currently supported languages include Spanish and German)

and rest of the languages are in the planned roadmap

4) Generate dynamic ML models based on the contract type

5) The Platform has adaptors to various data sources to obtain legacy documents (FTP, Google Drive, SharePoint, dropbox, box, S3, and others, etc.)

6) The Platform can segregate the contracts based on the type of the contract (i.e. MSA, NDA, and SOW, etc.)

7) Ability to rename the contracts – standardize naming conventions if needed.

8) Document OCR capability with the ability to convert images, unsearchable pdf and scanned documents into text.

9) Metadata configurability

10) Integrated Quality Control tools for verification and validation of extracted clauses/metadata.

11) Compare two executed contracts of the same type to show the differences

12) Compare executed contracts with the standard template at a section/clause level

13) Notifications / Alerts engine that sends out notifications to email / text messages ( for example contracts expiring in 30/60/90 days, contracts that have “Auto Renew” clause or Contracts that are not countersigned and several others based on the configured attributes.

14) Show all the contracts executed with specific Vendor ( or by account) in a hierarchical manner

15) Hierarchical mapping of the contracts assuming enough linkage attributes are available within the executed contracts or tracked in a CLM system

16) Open API that can be integrated with any 3rd party systems

Analytics capabilities:

The Smart Contract Analytics Platform comes with the following out of the box analytics capabilities based on the metadata extracted from the documents:

• Number of contracts that are coming up for renewal by period (30 /60/90 days)

• Number of Contracts with Net payment terms as 30 days, 45 days and 90 days, etc.

• Number of SOW’s / MSAs / Other Types of Contracts by the supplier

• Show contracts by the specified metadata (ex: “tell me how many contracts have clause ‘Indemnity’.”)

• Number of contracts that have “Auto Renew” option

• Number of contracts that have Insurance Liability clause with specified $ amount

• Several others based on metadata and meta fields.
visit now:

Tags Used:
Contract Discovery software, Contract Analytics software Smart Contract Analytics, Contract Discovery and Analytics platform


ICF Training Courses in Egypt - Coach Transformation Academy

Coach Transformation Academy conducts classroom class or those who can attend..... Read More

Best BCA College in Dehradun | HIT DOON


American Airlines Reservations

People always look for cheap flights, hotels, and vacation packages to lower..... Read More

SSC Coaching Centre Kerala | SSC Training Institute Trivandrum | C4Career

C4 Career Academy is leading brand for SSC Coaching classes in Kerala/..... Read More

Akshara | App for CBSE and State Board class 10th

The content is built under the supervision of teachers with 40+ years..... Read More

Audatech is known as leader in aluminum extrusion

Audatech is known as leader in aluminum extrusion CNC cutting and CNC machining..... Read More

Slm Interiors

SLM is an authorized company that provides you with smooth approval from the..... Read More