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spotting contract deviations using artificial intelligence

When organizations enter into a business relationship with customers, vendors, or suppliers the means of establishing the relationship is by signing a contract.

Most of the organizations have legally vetted contract templates with standard clauses when entering into an agreement with the second party. However, for various business reasons, some clauses are changed or a new language is introduced before entering into an agreement. There are also situations where an organization is expected to accept a complete third-party paper to get into the business.

When hundreds of contracts are executed it becomes very difficult and labor-intensive for any organization to understand what are their obligations within their contracts.

Smart Contract Analytics platform powered with AI and ML has the capabilities to get to the bottom of your contracts, perform clause variance analysis and scoring across your contracts to give you a snapshot of the contracts that are deviating from standard templates and which are the contracts that you need to be top to avoid any possible risks.

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