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AI Extractor for Contract Management

This article explains how the AI Extractor works within the Contract Management Tool.

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Written by Shivani Sharma

Overview

The AI Extractor uses OCR (Optical Character Recognition) technology to scan and process contracts whether created on or off the Legistify platform and makes them fully searchable and organised within the repository.

Key Features

  • Historical Data Migration: Upload contracts created outside the Legistify platform and convert them into searchable, organised documents.

  • Automated Data Extraction: Automatically scans contracts and extracts key information, reducing the need for manual effort.

  • Advanced Search: Every word, clause, and data point in your contracts becomes fully searchable using OCR technology.

  • Unified Contract Repository: Historical and new contracts are brought together into a single, centralised repository.

  • Effortless Organisation: Contracts are categorised and organised logically for easy access and tracking.

Conclusion

The AI Extractor simplifies contract management by making every document in your repository searchable, organised, and easy to access. It reduces manual effort and allows your team to focus on higher-priority work. To learn more or get this feature enabled, please reach out to your Point of Contact.

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