Digital Contracts AI

CAPABILITY

Digital Contracts AI

Businesses often struggle to Digitizing key parameters in contracts and invoices such as renewal dates, discounts, and price increases, is often a struggle. Our Digital Contract AI capability automates this process for your business, ensuring accurate data entry into CRM or ERP systems.

This eliminates manual work, increases ARR, improves renewal rates, and reduces invoicing errors. 

Challenges

Challenges of Manual Contract and Invoice Management

Manual Data Extraction: Contracts and invoices are often stored in unstructured formats like PDFs or Word documents, making it hard to extract relevant information.

Time Investment: Accounting teams spend excessive time matching invoices to contracts to ensure billing accuracy.

Duplicate Invoices: Errors in invoicing, such as duplications, create friction with customers and lead to inefficiencies.

No CRM/ERP Integration: Contracts and invoices are not digitized or connected to the correct systems, causing delays and potential revenue leakage.

benefits

Benefits of Digital Contracts AI capability

Increased Accuracy: Eliminate manual errors, improving contract and invoicing accuracy.

Time Savings: Drastically reduce the time teams spend manually reading and inputting contract details.

Improved Financials: Enhance ARR, renewals, and DSO by ensuring timely and accurate invoicing.

Customer Satisfaction: Eliminate invoicing errors and improve customer relationships.

Automation: Automatically digitize contracts and invoices, ensuring all relevant information is captured and entered into the correct system.