A massive volume of documents and unstructured data is extracted to finalize a contract. The process of drafting, reviewing, negotiating, and finalizing a contract is lengthy, laborious, and complex.
Besides, human-intensive activities demand time and effort, while being fraught with error. And, potential risks need to be identified in contracts to prevent reputational damage, fines, arbitration, and litigation.
How can law firms, counsels, and in-house legal departments achieve holistic contract management? Given the volume and complexity of modern contracts, how can they augment their capabilities?
Thanks to AI-powered Contract Analysis applications, businesses can leverage computer vision and AI to extract, annotate, tag, compare, and redline two documents.
Download the PoV to learn how smart contract analysis empowers legal teams with accurate data-driven insights for contract renegotiation, revision, termination, and renewal.