Agreement Reader

Extract key information from the agreements to clarify the content of contracts from different agreements.

15 Reviews

Overview

Agreement or contract of any type is uploaded to Botminds marketplace, that will auto-extract all the needed information that user needs.

Agreement Reader

Agreement Reader
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Output

Effective Date

26Oct2019

Governing Law

State of New York

Payment Terms

30 days

Term

1 year(s)

Onset Date - Normalized

04-20-2018

Is Indemnity? - Normalized

Yes

Is Limitation of Liability? - Normalized

No

Renewal Notice Period

3 year(s)

Is Termination for cause? - Normalized

No

Result

90%
Save Time

Reduce user effort on manual and paper-based processing method.

3x
Improved Efficiency

Reduce several steps of review to improve handling accuracy.

95%
Accuracy

We achive accuracy by 10 days of training the AI with 1000+ documents.

30%
More Capacity.

The efficiency increases overall productivity and team morale, resulting in a significant increase in the business model.

Challenges

Collating documents from various sources.

Identifying the agreement type.

Normalizing the values.

Each agreements requires a amount of times.

Efforts to understand and extract relevant informations.

Benefits

Botminds AI recognises and extracts all data automatically

Instantly extract 1000+ essential data points from agreements and summarise them.

Easily identify risk clauses.

Botminds AI can provide risk scores automatically based on its previous learning.

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