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 80% of time lawyers spend in contract review and abstraction. VCA is developed by technologists and trained by real lawyers to understand contracts the way a lawyer does. Vaultedge can automatically identify and extract more than 300 provisions and metadata from a variety of agreements (commercial agreements, leases, loans, employment agreements, investment agreements etc). It is designed to not only reduce the time spent on these tasks but also to significantly decrease the risk of errors. The software has been designed in a way that it learns from lawyers using the software and continuously becomes better and better.

Here are some of the key features of Vaultedge- 

Ease of Use

The software has been designed keeping in mind the work flows of lawyers and contract management professionals. The user interface is simple and easy to use. Its effortless interface ensures maximum efficiency and increased reliance on such systems.

Vaultedge offers the industry's easiest-to-use contract review and analysis tools. Extracted information (agreement summary) is presented to user alongside the original agreement so that user can easily verify and modify the extracted information. User can easily refer to the specific section corresponding to an extracted summary. Users can update the summary by selecting additional content from the original agreement or by simply typing it in the UI.

Flexibility

You can extend Vaultedge’s capabilities to identify and extract new provisions. This can be done by lawyers themselves without any IT support. Summaries can be exported into Word and Excel format reports.

Import documents from anywhere

Vaultedge can make sense of files in any format, including scans of third party forms. Import files and folders from your network or use API to import your existing repository and future contracts on an ongoing basis.

Export to other systems

All metadata can be exported to Word, Excel, or to other systems automatically into summary charts, even from scanned data. This feature allows clear analysis making it easy to get a quick picture of contract terms.

Accuracy

VCA uses multiple machine learning models to achieve a high level of accuracy. Out of the box, VCA provides better accuracy than any other competing software. In addition, Vaultedge works with each individual client to make sure that the software performs to the expected level for their specific need.

Adaptability

A unique feature of VCA is that it is dynamic in nature and can keep up with the constant changes in the field of law. It can be “taught” to identify new provisions through simple steps within the span of a few minutes.

Responsiveness

Vaultedge team is available for support when you need it. Please visit www.vaultedge.com to know more.