USE CASE
Extraction of critical clauses from contracts (Libor, Force majeure…)
Objective
Immediatly identify critical clauses in your contracts database in your Compliance and Due Diligence processes
Pain points
Cost and time of processing
Challenges techniques
- Poor quality of traditional extraction processes (BPO, rules, keywords)
- High volume of contracts
- Heterogeneous writing of searching clauses
- Complex settings and training processes
SOLUTION
reciTAL EXTRACT, first Intelligent Document Processing solution with French Deep Tech label
reciTAL advantages
- 50+ types of preconfigured documents
- Management of all types of documents (structured, semi-structured and unstructured)
- Very simple configuration without training
- Precision of paragraph extraction > 95% with 10 exemples
- Post processing error correction interface with prefilled fields in MCQ mode
Type of documents
Semistructured documents : loan agreements, sales contracts, employment contracts
Data points
- LIBOR clauses
- Force majeure clauses
