Cloud-based COTS BPM solution for extracting pivotal insights from legal contracts and agreements
A prominent international banking institution renowned for its global presence and legal operations spanning various jurisdictions.
Central to the project's objectives was the integration of AI algorithms aimed at extracting pivotal insights from legal contracts and agreements, enhancing the efficiency and accuracy of the review process.
challenge
The client’s imperative was to establish a standardized framework for legal document reviews, characterized by heightened transparency and automation, ultimately optimizing operational efficiency and effectiveness.
solution
- Customized Document Workflows: Tailored workflows were meticulously crafted to align with the unique requirements of the client, ensuring seamless document review processes.
- Role-Based Access Control (RBAC) Configuration: Robust security measures were implemented through the configuration of Role-Based Access Control mechanisms, safeguarding sensitive legal documentation.
- Document Indexing and Retention Policies: Comprehensive document indexing and retention policies were established to facilitate efficient data management and compliance adherence.
- Optical Character Recognition (OCR) Integration: The integration of OCR technology enabled seamless text extraction from documents, augmenting the efficiency of the review process.
- AI-Driven Document Insights: Advanced algorithms were developed to extract actionable insights from legal documents, empowering stakeholders with invaluable intelligence.
the team
- The project was led by a seasoned professional with over 18 years of extensive experience in conceptualizing, designing, and implementing Business Process Management (BPM) solutions.
- Expertise in the domain of Legal and Contract Management, encompassing the integration of multiple Commercial Off-The-Shelf (COTS) solutions to develop a comprehensive platform tailored for legal document review and approval, augmented with advanced AI-powered document analysis capabilities.