Transform your business with cognitive contracts digitization and analysis platform

Enterprises enter into contracts with multiple stakeholders across multiple departments in their day-to-day operations. The complexity of analyzing contracts spans thousands of pages with various data-points, multiple clauses, varying price-points and time durations. This is further compounded by the complex hierarchy between the contracts, their sub-agreements and associated documents which continuously change over time. Nia Contracts Analysis utilizes advanced Machine Learning techniques which applies different kinds of learning: vision-based, semantics-based, language sequence based to transform the process of analyzing and reviewing contracts.

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Understanding contracts with Nia Contracts Analysis

Nia Contracts Analysis utilizes advanced Machine Learning (ML) techniques to automate contracts extraction, risk analysis and review of unstructured contracts. It acts as a single source of truth to answer any kind of contracts related information by using the following:

Key Features

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Precise sentence extraction from clauses

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Editable extractive summary with entity highlight

contracts-Precise-table-extraction

Precise table extraction of all kinds

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Auto-detection of discrepancies

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Continuous learning from human inputs

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Workflow-powered quality check of predictions

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Link connected contracts

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Contract comparison to assess risks

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Natural language querying

Key Benefits

  • Mitigates revenue leakage and ensures accurate, timely action

  • Ease of compliance verification and accelerates updates

  • Facilitates transversal to search and retrieve information

  • Supports harmonization, simplification, and negotiations

  • Saves time in daily activities

  • Easily configurable with minimum IT intervention

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Use Cases

For Legal

Recognitions

– Finalist in Best Innovation under Corporate Innovation in AI – The AIconics awards, London 2019

– Finalist in Best Innovation under Deep Learning category – The AIconics awards, London 2018

– Major contender in Intelligent Document Processing (IDP) Technology Vendor Landscape in Products PEAK Matrix™ Assessment 2019

– NASSCOM AI Game Changer Award, 2018 for Innovative Application in ML

Customer Testimonials

“EdgeVerve brings powerful processing to our platform with a solution that is already a leading product in the global RPA market. Where most providers utilize RPA in place of API to patch a broken and inefficient process, EdgeVerve delivers critical business functions such as massive document validation, which automates supplier management, and accelerates manual processes through digital transformation. The Nia AI platform collaboration with the JAGGAER ONE platform delivers sophisticated and industry leading automation to resource intensive functions.”
– Zia Zahiri, CTO of JAGGAER

“I would like to thank all people involved in the development of the AI Contract Analysis system. I think we have made a very useful and user-friendly tool.”
– Manager, Multinational Conglomerate

“Infosys has done a very good job in taking a concept, vision for labor agreements, that we had a very vague idea about and achieving current state where the system us ready to be used by expert users in 4 – 5 weeks. We are no longer terrified about Artificial Intelligence.”
– Director, Multinational Pharmaceutical Company

“We went through this project with a very good team spirit and agile methodology. Infosys team has adapted very well to our HR reality and organization. They have well understood our needs and have been able to translate it technically.”
– Manager, Multinational Pharmaceutical Company

Case Studies

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Procurement Contracts for Spend Classification

One of the largest multi-national conglomerate company headquartered in Japan. Value chain integration division spends months of time and effort dealing with tons of vendor contracts(buyer suppliers)

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Labor Contracts for HR Contractual Compliance

The Global Human Resources Helpdesk of one of Europe’s leading Pharmaceutical companies was facing challenges to respond to their globally distributed workforce (110,000 employees over 100 countries

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Reading Contracts for Revenue Compliance

A Leading Software Service Company with over 10.94 billion USD in revenues had a team of 70 Financial Accountants dedicated to reviewing Statement of Work (SoW) from clients. The client was facing cha