We have developed a new AI-based contract analysis solution to help companies easily review force majeure clauses. Without AI, attorneys will have to spend valuable time simply finding the force majeure language, governing law and any other applicable clauses. The project has been funded by Innovate UK’s Sustainable Innovation Fund. Learn more!
DATA EXTRACTION
The platform automatically extracts key data points, recognizes patterns, and classifies documents. It reads contracts accurately in many formats, organizes large amounts of contract data, and provides analytics about the data extracted.
CONTRACT REVIEW
The platform lets companies review contracts more rapidly, handle vast amounts of data more easily, and manage contracts more effectively. It quickly sorts through a large volume of data and flags contracts based on defined criteria.
CONTRACT DRAFTING
The platform enables intelligent contract development, whereby the drafting process becomes faster, smarter, and easier. It allows clients to draft contracts faster and increase the volume of contracts they are able to prepare and execute.
95%
faster processing time
92%
accuracy score
85%
costs reduction
*KPIs measured in the user acceptance tests
“After five months of great experience with Natural Language Processing the experts from Credit Office together with Uhura Solutions were able to present the results to RBI´s Innovation Board. Our experiment was carefully observed by RBI´s Elevator Lab sponsors and finally attracted high attention in the financial community. With these results it will be able to substantially speed up the loan process. The first step on the moon is done – now it´s time to prepare for the flight to Mars.”
“Their platform brings AI automation into business with smart, document-processing technology. Kiss goodbye to the days of manually processing documents for hours on end – Uhura platform’s intelligent ‘cognitive analysis’ document-reading process emulates the methods that our own brains use to process information.”
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