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Smart Contract Analytics is a 360 degree contract discovery and analytics platform completely powered by Artificial intelligence and Machine learning. The Platform has ready adaptors to connect to common cloud storages like Drop Box, Box, Google Drive, SharePoint cloud, Amazon etc to bring in the contracts and other agreements from multiple distributed repositories to a single repository. With the help of NLP and Machine learning models the Contract Analytics platform can quickly understand and classify the documents into different categories like Master Service Agreements, Non Disclosures, Statement of works, Vendor contracts etc. The Contract Analytics platform also has the capability to scan through all sorts of image based and other unsearchable pdf documents using the powerful OCR technology and extract key meta data from these documents Here are the key features of the Smart Contract Analytics Platform 1. Global Search with PDF viewer and controls to search 2. Smart Tagging and search with smart tags – when a user wants to put-in their own key words and classify the documents, the tagging helps a lot 3. User file uploads with folder structures and access controls 4. Role based access to documents 5. Unlimited storage to store the documents with our secure Vault hosted on AWS with strong encryption 6. New and improved Analytics dash-boards 7. Variance Analysis of clauses across contracts 8. Extraction of clauses and sub-clauses – user can configure on the fly 9. Comparison of contracts feature that can detect even minute changes in the location of text, commas and semicolons or even bold and italic changes 10. Core NLP engine to extract data even from a noisy scanned document with skewing or illegible images. »» [ Link Details for Smart Contract Analytics | Contract Discovery and Analytics platform ]

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Smart Contract Analytics (SCA) Platform is based on AI / ML and specifically uses NLP and pattern recognition to process the contracts and extract the metadata. The platform is hosted on the AWS cloud that takes advantage of all security features that AWS provides along with the high availability and scalability features with GDPR compliances. Artificial Intelligence / Machine Learning capabilities: The SCA Platform uses Deep learning Neural Network models like Bi-LSTM, CNN and other models that leverage state-of-the-art Natural Language Processing (NLP) based modeling techniques such as Word2Vec and Bi-directional Encoder Representations with Transformers to develop a semantic understanding of the document contents and further extract relevant entities and clauses. Product features: 1) NLP and deep learning techniques for extracting metadata 2) Export the extracted data to Excel or client desired format and push the extracted data into any CLM or downstream system 3) Support of foreign languages (currently supported languages include Spanish and German) and rest of the languages are in the planned roadmap 4) Generate dynamic ML models based on the contract type 5) The Platform has adaptors to various data sources to obtain legacy documents (FTP, Google Drive, SharePoint, dropbox, box, S3, and others, etc.) 6) The Platform can segregate the contracts based on the type of the contract (i.e. MSA, NDA, and SOW, etc.) 7) Ability to rename the contracts – standardize naming conventions if needed. 8) Document OCR capability with the ability to convert images, unsearchable pdf and scanned documents into text. 9) Metadata configurability 10) Integrated Quality Control tools for verification and validation of extracted clauses/metadata. 11) Compare two executed contracts of the same type to show the differences 12) Compare executed contracts with the standard template at a section/clause level 13) Notifications / Alerts engine that sends out notifications to email/text messages ( for example contracts expiring in 30/60/90 days, contracts that have an “Auto Renew” clause or Contracts that are not countersigned and several others based on the configured attributes. 14) Show all the contracts executed with specific Vendor ( or by account) in a hierarchical manner 15) Hierarchical mapping of the contracts assuming enough linkage attributes are available within the executed contracts or tracked in a CLM system 16) Open API that can be integrated with any 3rd party systems Analytics capabilities: The Smart Contract Analytics Platform comes with the following out of the box analytics capabilities based on the metadata extracted from the documents: • Number of contracts that are coming up for renewal by period (30 /60/90 days) • Number of Contracts with Net payment terms as 30 days, 45 days and 90 days, etc. • Number of SOW’s / MSAs / Other Types of Contracts by the supplier • Show contracts by the specified metadata (ex: “tell me how many contracts have clause ‘Indemnity’.”) • Number of contracts that have “Auto Renew” option • Number of contracts that have Insurance Liability clause with specified $ amount • Several others based on metadata and meta fields. »» [ Link Details for Smart Contract Analytics ]

Every business around the world irrespective of location, size and nature of business has been deeply impacted with the unprecedented situation we are in with Covid-19. This has greatly challenged businesses with supply chain, business continuity and performing the contractual obligations With uncertainity prevailing all over, it is time for all businesses to relook into their contracts to understand what are their obligations across their contracts and the amount of risk they can be entitled if they fail to perform as per the agreed provisions. Typically all contracts have some sort of language that allows businesses to seek relief from performing the obligations or postpone or modify and it solely depends on the exact language used in the contract and what is covered. Some contracts use the term Force Majeure which actually means an event that can neither be anticipated nor controlled and in most cases the force majeure clause covers events like natural disasters including Earthquakes, Hurricanes along with strikes, Government orders etc. There can be some contracts that also include Covid-19 situations like epidemics or pandemics. It is not necessary that the clause has to be named as Force Majeure and there are several similar terms across contracts like “Acts of God”, “events beyond control”, quarantine or a catch-all clause addressing any event that prevents performance. Here are some of the steps you should be following to understand your contractual obligations and associated risks Review the Force Majeure clause across your contracts The very first step you should do is to review all your active business contracts that include your customer contracts and vendor contracts. See which of these contracts have force majeure included. The exact language used within the force majeure clause will decide whether a nonperformance of contract obligation can be excused or modified. Some contracts have detailed events included in the force majeure clause and some are very restricted. Look for notice, duration and other provisions within the Force Majeure clause Force Majeure clause differs across contracts and it is important to understand what it can trigger within a contract when an event like Covid-19 occurs. Some contracts have a mention of notice, duration and mitigation requirements that need to be adhered to excuse nonperformance. Depending on what is included in force majeure it is possible for complete termination of the contract or temporary relief from performance or relief from agreed deadlines etc Review your contractual relationship Make sure you are reviewing all your related documents associated with a particular contract like statement of works, amendments etc for clauses that can impact your performance obligations. »» [ Link Details for Impact of COVID-19 on contractual obligations ]

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