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Why it is needed

 

AI & IDP plays an essential role in automating contract processing. Contracts contain legal obligations and drive business opportunities & growth. Therefore, there is a need for enhanced agility, compliance, and responsiveness in the contract processing workflows. Through intelligent data capture and extraction, organizations can transform incoming documents/contracts into actionable data and benefits for legal and contracts management professionals.

 

Contract Intelligence powered by AI

 

Kanverse offers a powerful solution for extracting and classifying essential information. Kanverse helps process scanned contracts and images, list down the key data points from the contracts, provides a structured format. Kanverse leverages natural language understanding (ML, NLP, and smart OCR) to quickly analyze relevant information from large quantities of contracts and with an accuracy that is difficult to achieve at scale with manual labor.

Key Highlights

 
  • Auto classification of contracts
  • Auto detection of clauses and legal provisions
  • Semantic understanding of contracts like human would

 

Contact Us for Demo

Connect with us for a 1:1 product demonstration and understand how Kanverse AI can entirely digitize your document processing workflows.

Kanverse IDP digitizes document processing for enterprises from ingestion, classification, extraction, validation to filing. Extract data from a wide gamut of documents with up to 99.5% accuracy using its multi-stage AI engine. Say goodbye to manual entry, reduce cycle time to seconds, optimize cost by up to 80%, minimize human error, and turbocharge productivity of your team.

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