Contract Data Extraction

Contract Data Extraction


Automate the hard work using artificial intelligence (AI)
powered data extraction and natural language processing

Reports and metrics

Ditch antiquated methods of managing your contracts

Storing contracts in shared drives or managing them in spreadsheets creates unnecessary risk, inefficiency, and a lack of visibility and insights.

Contract Logix’s AI-powered data extraction with natural language processing (NLP) gets you up and running quickly with a modern approach to contract management by eliminating the need for manual data entry.

Whether you have many existing contracts to import or manage an ongoing stream of third-party agreements, Contract Logix automatically transforms your contracts into valuable digital assets.

Eliminate the risk of manual data entry

  • Import contracts in bulk or one at a time to free up hours spent manually entering contract information.
  • Automatically create contract records to save time and reduce risk associated with manual data entry.
  • Quickly verify and approve the extracted data on your timeline to ensure accuracy.
Data Extraction
Data Extraction Example

Automatically capture key information about your contracts

  • We auto-extract key data from your contracts and auto-populate it in the software like contract types, names, dates, terms, obligations, and more.
  • Using AI-powered NLP and learning algorithms, you’ll get accurate results of extracted information with every contract.
  • Quickly process third-party contracts and drive efficiencies in your operations, allowing teams to focus on strategic contract activities.

Harness your contract data for actionable insights

  • With your data centralized in Contract Logix, gain real-time insights on contract performance, enabling better decisions.
  • Automatically track real-time KPIs, metrics, and statuses with your contract data.
  • Create reports and dashboards to optimize processes, identify opportunities, mitigate risks, and increase compliance.
Dashboard-3

Accelerate Your Digital Transformation With Contract Logix

Download our Data Extraction Product Brief to learn how you can automate the hard work using artificial intelligence

Download Product Brief
Digital Transformation

How it Works

  1. Digitize and index your contracts for easy searching and reporting
    Using OCR, we quickly scan your contracts (e.g., Word, PDF, JPG) and index the data so you can search and report on it.
  2. Automatically extract key information to populate fields in your contract records
    With AI-powered NLP and learning algorithms, the platform identifies and extracts the key data in your contracts and then populates it in the software.
  3. Present extracted contract data for you to review and verify in a side-by-side comparison
    Next, you confirm everything looks correct before formally approving the creation of the record in Contract Logix

Request a Demo of
Contract Logix Today

Ready to digitally transform the way you manage contracts? Get started by requesting a demo of Contract Logix’s data-driven CLM and contract data Eextraction technology.

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