Contract Processing

Organizations across the world are increasingly beginning to rely on technology to deliver solutions & services to customers. However, the IT landscape is very fragmented and is built over time and, in some cases, has duplication of business process rules or even data ingestion into the system leading to significant loss of times and resources. Therefore, it is necessary to automate their contract processing workflows. Through intelligent data capture and extraction, organizations would transform incoming documents/contracts into actionable data that would improve crucial front-end citizen processes such as service delivery.

codemantra’s intelligent contract processing platform helps manage and classify all the documents & vendor contracts of organizations 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.

Organizations need a solution partner who understands document extraction, classifies, integrates, and pushes the data to any existing applications used by the organization. In addition, the solutions have to be implemented within the organization’s IT ecosystem and adhere to necessary security protocols.