There have been many questions surrounding automated extraction of meta-data from contracts.

This white paper highlights when to use a software only solution and when to use a full-service firm specializing in the extraction of meta-data from contracts.

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Outsourced to specialized contract data-extraction firms –

– Legacy contracts
– High volumes
– Extremely high accuracy
– Complete review by lawyers
– A full-service solution, for new A CLM installation

AI Software solution –

– Third party paper
– Live Contracts
– Smaller volumes coming in daily, after A CLM installation
– Review/checks done by internal staff