A purpose-built contract analytics solution for next-gen legal department

Contracts are the foundation of any business relationship. These contracts carry vital information such as financial agreements, partnership clauses, implications in case of failing the contract terms, and many similar aspects to be applied during the contract tenure.

Sometimes, due to these kinds of negligence, companies have to bear the consequences like financial and reputational losses due to non-compliance, substandard delivery, auto-renewals without reconsideration process, missed or delayed payments, penalties, etc.

Knovos’ Contract Analytics solution enables you to explore insights about your company’s contract operations, obligations, liabilities, and opportunities. Artificial intelligence and Machine Learning techniques are the basis of the effective contract analytics solution.

Additionally, Optical Character Recognition (OCR) amplifies the analytics capabilities and makes it more effective. Knovos’ contract intelligence helps in visualizing the contract workflow and access valuable information rapidly.