The Nia Contracts Analysis Advantage
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.
Nia Contracts Analysis leverages ML techniques such as vision-based, semantics-based, and language-sequence-based to transform the process of analyzing and reviewing contracts. It provides an intuitive workbench with different personas to configure and train ML models.
Mitigate operational risks
Prevent revenue leakage
Ensure contractual compliance
Typical Industry Challenges
- Complex hierarchy between the contracts, their sub-agreements and related documents which constantly change over time
- Complexity in analyzing contracts due to multi-party agreements, global delivery models, pricing constructs etc.
- Constant threat of revenue leakage as a result of mismanagement of contracts
How Nia Contracts Analysis Can Help
- Risk reduction: Ease of reading and interpreting the documents can mitigate revenue leakage and ensure accurate and timely recognition.
- Superior compliance: Ease of compliance verification accelerates updates due to the ability to link various document sources.
- Increased versatility and visibility: This facilitates transversal to search and retrieve information.
- Better harmonization: Ease of contracts or policy analysis in documents helps to support harmonization, simplification and negotiations.
- Improved time management: Experts’ time saved in dealing with documents on an ongoing basis.
- Minimal IT intervention: System is configured by business and SMEs with minimal intervention from IT.
