Contracts have become an integral part of everyday business life - and not just since this century. People and companies want to protect themselves and this requires a flawless contract that must be checked.
📚 With large quantities of contracts, manual checking is hardly possible or at least very time-consuming and inefficient. In addition, the work is strenuous and requires the utmost attention - you cannot afford to make mistakes.
👉 A large number is particularly important for artificial intelligence so that patterns can be recognized and the contracts can be checked for errors. Anomalies are detected very quickly and easily, which is essential for quality assurance.
📌 Efficiency increases.
📌 Costs are falling.
📌 Customer satisfaction increases.
📈 If you imagine for a moment that 90% of all contracts are error-free - which is a conservative estimate - then they will be processed in a short time and only 10% will be left for review. The anomalies (errors) are already marked and can be checked manually.
The amount of manual work required is reduced enormously.Is your contract review efficient?