Keep track of your current contracts with natural language processing

For a large law firm, keeping track of all contracts and ensuring that contracts comply can be a very difficult task. Especially if you have contracts across different industries with hundreds of counterparties, located all across the globe. It can be tricky to for instance oversee different licenses that need to be renewed, or monitor that other contractual agreements are being respected.

Using natural language processing to keep track of your current contracts, you’re able to extract and review the most critical information for all contracts which simplifies the process of sharing the most valuable information, to all the required stakeholders in a comprehensible way. This process will ensure that you're always ready and prepared to take the actions needed well in time.