STEP 1: IMPORT.
AI is the buzz word these days – but how exactly does it work? KrystalAI delivers insights into your contract portfolio in 6 steps. Use what you already have.
With KrystalAI, easily connect to leading CLMS, cloud storage systems and enterprise repositories.
STEP 2: ORGANIZE.
The magic starts here – KrystalAI uses a proprietary blend of Natural Language Processing (NLP) and advanced machine learning techniques to automatically classify your contracts by types, so you can get a view of how many SOWs, MSAs, NDAs, etc are in your portfolio.
STEP 3: EXTRACT.
What is in your contracts? What clauses, what dependencies? The extraction process addresses this. Using sophisticated information extraction algorithms and models, KrystalAI semantically enriches document structure and dependency analysis to extract, summarize and persist contract structure.
STEP 4: ANALYZE.
So many contracts, so little time – semantic search to the rescue! Natural language powered full text and faceted search enables discovery and exploration of contract knowledge.
STEP 5: REVIEW.
Are there anomalies? Deviation analysis is here to help. With patent pending algorithmic systems, KrystalAI offers a qualitative and quantitative comparison with golden standards of the terms in your contracts, so you can understand faster where the deviations and anomalies lie.
STEP 6: ACT.
Getting faster access to key information embedded in large numbers of contracts allows you to:
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- Uncover pricing discrepancies
- Discover new revenue opportunities
- Get to regulatory compliance problems before they explode
- Amend wasteful or risky contracts terms
- Answer critical business questions and identify risks and opportunities for executives faster
