The Contract Analyzer extracts information from current and legacy contracts to ensure that key contractual data and commitments are not missed. Gain insights into your relationships with customers, vendors, partners, and third parties. Use it to minimize your organization’s risks, uncover hidden costs and opportunities, and make more informed business decisions. Populate Excel, Word, or your database with eBrevia-extracted results.
Reduce risks. Contain costs. Expose opportunity.
Organizations without easy access to the information contained within their legal contracts risks:
- paying for products, services, and office space they no longer need or utilize, and
- missing out on lucrative revenue opportunities.
Manually reviewing all of a company’s customer contracts, vendor agreements, employment agreements, leases, license agreements, etc. can be a time-consuming and cost-prohibitive endeavor.
Know your contracts.
The eBrevia Contract Analyzer assists organizations of all sizes in storing, retrieving, and analyzing their contracts. The software simplifies contract management, saving your organization time and money, and helping you get the most out of your contracts. The eBrevia Contract Analyzer extracts critical information from contracts based on user specifications (e.g. term, renewal, pricing, assignment, etc.). The types of information extracted can be customized to meet company or industry-specific needs. The system converts contracts that are scanned documents to searchable text and generates summary reports populated with extracted content. It also allows for document sharing and controlled viewing access.
Commercializing Columbia University technology.
The eBrevia Contract Analyzer is based on cutting-edge natural language processing technology which eBrevia is commercializing from Columbia University. The software is robust because it doesn’t rely on keywords or pre-canned search criteria to find key provisions within documents. Instead, it uses an artificial intelligence technique called “machine learning” to learn what provisions and concepts look like from large numbers of examples. It then recognizes the concepts regardless of the vocabulary used to express them. This is important because the software is able to extract relevant concepts even as they wind their way through multiple places in a document, capturing scattered defined terms and other pertinent information. The software can extract the most relevant information for a given provision with an unparalleled granular focus that increases efficiency by leaving extraneous text behind. The software also always allows attorneys to easily link back to relevant portions of the source document for further background information as desired. Extracted text is highlighted within the context of the source document.
eBrevia’s cloud or your own system.
With the eBrevia Contract Analyzer, users can access contracts and contractual information anytime, anywhere, from a secure digital repository in the cloud.
Alternatively, eBrevia’s software can also be used to send data directly to a company’s own Contract Lifecycle Management (CLM) system, Contract Management System (CMS), Customer Relationship Management (CRM) system, or Enterprise Resource Planning (ERP). This is particularly helpful for tracking existing contractual obligations a company may have contained in legacy contracts that it has not yet migrated to a new system.
Maintaining the security of clients’ legal documents is a central design goal of the eBrevia system. All documents are protected in transit between clients and eBrevia’s servers using industry standard Secure Sockets Layer (SSL) 256 bit end-to-end encryption. To protect documents while stored in the cloud, eBrevia uses only top-tier service providers that have passed annual SOC 1/SSAE 16/ISAE 3402 audits. These providers maintain data centers with extensive physical access controls, including professional security, intrusion detection, video surveillance, and two-factor authentication for all personnel. Finally, these providers also provide redundancy against natural disasters or system failure by backing up and replicating customer data in physically distant data centers. eBrevia can also offer the option for clients to host the eBrevia system in their own data centers. This means the documents never even traverse the firewall, and are always under complete control of the firm’s or company’s IT department.