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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