Contract Reader Tool
Contract Reader Tool
- Reduces manual time spent on performing contract analysis.
- Improves accuracy by extracting applicable contract clauses.
Contract Reader Tool Features
- File upload handler to upload standard contracts
- Metadata Extraction
-
Sanity check of document
- Categorisation and classification
- Automation and visualisation
Methodology
Benefits of the solution:
- Low-cost solution; No licensing cost involved
- Tool can be scaled for multiple contract categories
- Reduces manual effort subsantially by ~90%; (It takes roughly 10min to manually extract a contract)
- Accuracy increases as more types of documents are fed
- Developed as a plug and play feature to update fields in other contract management/repository management tool
Technology Stack
- python
- MongoDB
For Text Extraction:
- pyPDF2
- Textract
NLP Library:
- Natural Language Toolkit (NLTK)
For Development:
Future scope
Extraction:
- Document Quality
- Extraction Accuracy
Language Processing:
- Use of convolutional neural network for interpreting structure
- Tool can be scaled to learn from manual intervention.
Product Demo
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