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

This whitepaper highlights when to use a software-only solution and a full-service firm that extracts metadata 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