Vaultedge Contract Analysis - Helping Lawyers, one contract at a time.
Lawyers and Contract management professionals spend copious number of hours in pouring over multiple number of documents for the seemingly daunting and tedious task of due diligence, contract review and compliance requirements. A lawyer doing a transaction due diligence typically spends 3 to 4 hours to review each contract. A contract management professional spends 6 to 8 hours to abstract a contract and create metadata and clause information. Most of this time is spent in converting scanned contracts into text files, reading through the contract, extracting relevant clauses and creating summaries. Only a small amount of time is actually spent in applying legal skills to come up with insights. Vaultedge Contract Analysis (VCA) is a software that automates a large portion of contract review and abstraction job so that lawyers can spend less time doing repetitive tasks and more time in advising clients. VCA is an Artificial Intelligence (AI) based software that saves upto 8...