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Home > AI for Supply chain > Automate Procurement Contract Inspection

Procurement Contract Inspection

Contracts are one category of enterprise documents that are very complex to manage. They carry legal terms, obligations, holes, and clauses that could increase the risk exposure for firms. AI can streamline the end to end contract management process in terms of 1. Auto-extraction of key obligations like important Contract Dates, Party names, Contract Types, Contract Value , Force Majeure, Termination clauses and much more. 2. Identifying Risky clauses and recommending alternatives 

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Data Needed

1. Get Inspired

Understand the Use-case under 5 minutes

2. Know More

Get to know more Business and Technical details about the use-case (15-30 minutes)

Deeper Intro

More detailed introduction covering business and technical aspects

Business Focused

Case studies, Organizational Aspects, Return on Investment examples

Tech focused

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3. Do

Technical resources that will help you implement the use-case (notebooks, tutorials..)

Data Sets

Data Sets you can use to build Demos, POCs, or test Algorithms

Contract Understanding Atticus Dataset (CUAD)

A Corpus of 13,000+ labels in 510 commercial legal contracts that have been manually labeled under the supervision of experienced lawyers to identify 41 types of legal clauses that are considered important in contact review in connection with a corporate transaction, including mergers & acquisitions, etc.

Solutions

Off-the-Shelf Products using AI for Contract Inspection

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