Cognitive Extractor
Transforming legal functions through the power of Data, Machine Learning and Cognitive Extractor.
The Cognitive Extractor has been trained to extract relevant data from any document efficiently to help save time. It helps understand your contractual obligations and then extract clauses like Force Majeure, execution dates, termination obligations and more. It then generates an output helping you review all your contracts in a quick and cost-effective manner.
Case Studies
Force MajeureBusiness ChallengeDrawing information related to Force Majeure was taking significant time and effort. The client needed to quickly asses their obligations and rights during an event where their performance had been affected.Our ApproachOur solution, the Cognitive Extractor which is a combination of OCR and ML algorithms can identify specific clauses like force majeure, execution dates, termination obligations etc. It then generates an output to help review contracts a quick and cost-effective manner.
Contract AbstractionBusiness ChallengeCreation and management of contracts was taking up valuable time and manual effort. It was also error prone due to the repetitive nature of the task. The client required contract abstraction for analytics and post execution life cycle management which would then send triggers for renewal, rate revision, delivery milestones etc.Our ApproachOur solution, the Cognitive Extractor, is trained by subject matter experts, and once deployed it can extract clauses, specific data points and relevant information from the contracts. This information is fed into the Analytics engine to provide actionable insights.
Legal Spend ManagementBusiness ChallengeAn increase in the legal spend required our client to review all their invoices. They needed a system that extracted prices, analyzed them and escalated conflicts for further clarification.Our ApproachThe Cognitive Extractor is trained to extract information entered by the attorneys from invoices. It then cross references the pricing of each line item in the invoice against the guidelines. This helped flag and escalate in time and thereby reduce legal expenditure.
Auto-Redaction for PIIBusiness ChallengeThe process of identifying, reviewing and redacting PII from various documents set aside for eDiscovery was cost and time intensive. A large team of professionals was tasked with doing this. The Client wanted to assist their team in doing this so that they could use their time more productively.Our ApproachThe Cognitive Extractor, directly connects to the FTP and processes the documents for PII information. It automatically extracts highlights and allows users to redact PII and download the redacted documents for further sharing. This increases the review and redaction efficiency of the attorney.
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