Legal Contract Process

Banking is a complex business, requiring strict contractual compliance, quick access to key data, and the ability to meet the increasing demands of clients, regulators and management. With the loan documents, security instruments, broker-dealer arrangements, or some other financial service agreements floating around any bank, it can be hard to even keep a handle on the basics. Also, the contract processes are siloed by department or geography, making it difficult to analyze high volumes of transactions across parameters like asset class, counterparty, risk, credit scores, service type, etc., for performance analysis and efficient allocation of capital. As a result, you might be letting revenue slip through your fingers. This lost revenue comes in the form of lapsed contracts, excessive contract negotiations, errors in special clauses and missed deadlines.

Our AI base NLP Contract Analytical tool

We help the Banks to establish an effective automated contract management framework based on the principles of transparency, clear governance, absolute accountability and continuous improvement.

Our AI based NLP contract analytical tool captures and breaks down these complex documents into their most fundamental data points -- clauses, obligations, exclusions, disclaimers etc., -- giving you instant access to every one of your key dates, financial terms, and obligations. This means that a report that would normally take days to prepare can be pulled-up in seconds, and that the risk across your entire firm can be comprehensively quantified and communicated effectively to decisionmakers in a matter of seconds.

Automatic Risk Assessments

Our contract analytical tool can also be used for the automatic risk assessments on contract counterparties, including integrations with D&B to provide ongoing monitoring of vendors, partners and customers. In addition, our tool also offers automated reminders that let users schedule notifications as needed. By eliminating manual processes and centralizing your document repository you gain greater control and improve efficiency.

Our tool increases organizational capabilities to maximize business value (such as reduce revenue leakages and improve relationships) and improve operational efficiencies.