Businesses that engage in data-driven decision-making experience 5-6% productivity gains on average. Yet, finding the data to drive those decisions is what most enterprises struggle with. This is especially true when it comes to managing complex business contracts, which clearly define what each party is responsible for (obligations) and what happens if things go wrong (risks). When things do go wrong, enterprises spend billions of dollars and thousands of man-hours manually searching and extracting critical business data locked away in their contracts.
At SirionLabs, we understand that administering contract data is time-consuming and tedious. Our AI-led extraction engine simplifies this process by leveraging natural language processing (NLP) and machine learning to identify, extract and structure unstructured contract content. Download this product brief to discover how Sirion's AI-led contract extraction engine digitizes legacy contract information and transforms unstructured data into meaningful, accessible, and actionable insights.