10+ years experience in AI powered contract processing
Credit unions, commercial & development banks are increasingly beginning to rely on technology to conduct business, comply with regulations, connect with customers and deal with their complaints; it’s time they automate their contract processing workflows as well. Through intelligent data capture and extraction and automation, financial institutions would transform incoming contracts into actionable data that would improve crucial front-end banking processes such as customer onboarding and loan applications.
codemantra’s intelligent contract processing platform helps manage and classify all the vendor contracts of a financial organization effectively. Intelligent extraction of crucial information from any unstructured document, proactive validation, and accelerated reviews of the process. In addition, the use of AI and NLP reduces the risk of errors, and 100% compliance is achieved for all the executed contracts with real-time alerts and high-impact analytics.
The financial institutions need a solution partner who understands document extraction, classifies, integrates, and pushes the data to any existing applications used by the institution. In addition, the solutions have to be implemented within the strict guidelines of financial institution.
codemantra’s intelligent contract processing solution uses these major modules for solution delivery: