With the business landscape becoming increasingly competitive, businesses need to seek all opportunities to create a market advantage. Fortunately, hidden opportunities lie in business communications and agreements. One of thebest places to find them is where these business communications and agreements are formalized: in contracts. By quickly reviewing and analyzing contracts with customers, partners, and suppliers, companies can find opportunities to maximize revenues and minimize expenses.
But contracts are typically stored in physical and electronic formats. Furthermore, contracts in electronic formats maybe stored in various locations and formats such as Word, PDF/Scanned Documents. Manual extraction and analysis of contracts based on multiple criteria becomes time-consuming, costly, and error-prone.
With its patented semantic technology, Semantify’s Contract Analytics solution immediately extracts information from and enables analytics on these contracts, by simply asking questions using common business terms.