Keep track of your current contracts with natural language processing

Review important information easily
Ensure all contracts are complied with
Share details to stakeholders in a digestible format
Challenge
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.
Opportunity
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.
What can Peltarion do for your business?
Set up a demo or chat with our experts to learn more.
Similar use cases
Use case /
AI enabled document search for law practices
By leveraging modern NLP techniques such as text similarity, law practices can meet the need for quickly and efficiently searching through vast amounts of legal documentation.
Use case /
Make all legal administrative jobs more efficient with AI
With sufficient data you can train an AI model to recognize irregularities in documents or make calculations for a quota based on similar previous cases etc.
Use case /
Accelerate your contract drafting process with NLP
Drawing up contracts is very time-consuming and requires a lot of experience because how contracts are formulated is a crucial part of the process as it is incredibly important to be able to ensure that terms and obligations are expressed correctly.