Leading Software Service Company with over 10.94 billion USD in revenues.
A team of 70 Financial Accountants dedicated to reviewing Statement of Work (SoW) from clients.
Manual Extraction of financial T&C and determining contractual obligations & risks.
Highly manual, taking up bandwidth from core activities.
Zero Tolerance to any inaccuracy due to compliance risk and loss of credibility.
Contracts worth 4.4 billion USD is processed using Nia Contracts Analysis.
Over 1400 different formats of customer contracts is ingested in the system.
Over 27 different intents and entities, 44 other risk flagging extracted using Nia.
Automated extraction of table data.
30,000 person hours saved per year
Contracts interpretation is easier and financial risks are mitigated
Created opportunities for downstream automation
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) throughout the...