GENERAL
Contract data processing
Companies often manage a vast number of contracts with various clients, vendors, and consultants. Business operations require precise contract extraction, standardization, and verification from a variety of files that use different templates and wording.
Time-consuming
Prone to errors
Inefficient for scaling
Industry challenge
Each client typically submits contracts using their own template, resulting in thousands of unique formats where data is sorted differently. This creates a highly-resource-intensive and time-consuming process for manual data handling. Additionally, key contract details—such as payment terms, renewal dates, service-level agreements (SLAs), and legal clauses—require manual review, further extending processing time.
HerculesAI for contract data processing
HerculesAI simplifies contract data extraction workflows by automatically ingesting and interpreting large volumes of documents. It matches key data points such as dates, parities involved, and payment terms, with high accuracy. HerculesAI is capable of capturing data from complex formats, including tables and multi-section agreements spanning over 1,000+ pages.
After data extraction, our AI intelligently maps and transforms ill-formatted data into a structured, uniform format based on an uploaded template. The processed data is then thoroughly verified for accuracy and consistency. HerculesAI streamlines data processing, enabling faster, scalable client onboarding and contract management.
THE STATS
70%
faster client onboarding with AI-powered data capture and validation, minimizing manual reviews and reducing the average onboarding time from weeks to days
50%
reduction in compliance errors through advanced AI cross-checks that detects inconsistencies early to prevent major issues
30%
decrease in operation costs due to fewer manual interventions and optimized workflows, lowering overhead expenses and freeing resources for higher-value tasks
Automating contract data extraction saves both time and costs by reducing manual labor. With scalable AI-driven processing, thousands of contracts can be handled efficiently and accurately, continuously improving over time. Additionally, our platform seamlessly integrates with existing enterprise systems, enhancing workflows without disrupting current operations.
