Product

AI Vendor Contract Review

Revolutionise the way you read Contracts with AI Assistants.

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THE PRODUCT

What is AI Vendor Contract Review?

AI Vendor Contract Review utilizes artificial intelligence to analyze and extract key terms from supplier and vendor contracts automatically. Algorithms identify risky clauses and benchmark agreements to reduce risk. It enables rapid contract reviews without the need for slow and manual processes. By accelerating review speed and critical analysis, AI contract review drives faster negotiations, improved compliance and lower risks. This delivers efficiency gains, cost savings and quicker contracting for procurement, finance and legal teams.

HOW IT WORKS

How does AI Vendor Contract work?

01 Upload: Upload your documents
02 Process: AI engine processes text, extracts intelligence
03 Results: Review Results, Assess summary, export structured data

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DATA CAPTURE

Fields that can be extracted

No need to spend time training an AI Vendor Contract model from scratch - our solution already recognizes a wide variety of contract fields

General:

Contract Title Contract Party Currency

KEY FEATURES

Why choose Cognitiv+'s AI Vendor Contract Review?

Unlock data from any source: Access and consolidate information from various sources, including images, PDFs, scanned documents, paper files, docx, and other formats, with the option to integrate with existing systems through APIs.
Achieve exceptional accuracy: Benefit from our advanced OCR and Vision technology, which has undergone extensive testing and training on vast volumes of documents, ensuring precision and dependability in data extraction.
Streamline processes and operations: Establish effortless workflows that automate data transfer, formatting, validation, approvals, exporting, and integration, minimizing the need for manual intervention and maximizing efficiency.
Optimize resources: Minimize the time spent on laborious manual tasks and eliminate costly data entry mistakes, freeing up resources and enhancing profitability.
Seamless integration: Connect your current business tools with Cognitiv+'s API and tailored integration services, facilitating automatic data sharing, storage, document management, and more across platforms.
Boost productivity: Transform your organization's output by leveraging Cognitiv+ to manage non-core functions, empowering your team to concentrate on key responsibilities and increasing overall efficiency tenfold.