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Botminds AI – Contract Automation and Intelligence

Botminds AI Technologies Pvt. Ltd.

Botminds AI – Contract Automation and Intelligence

Botminds AI Technologies Pvt. Ltd.

AI-powered, no-code platform for complex contracts processing and compliance at scale

Botminds Contract Automation is a powerful no-code AI platform to empower contract & legal teams by enabling abstraction from 1000s of complex contracts in minutes and improving compliance. It eliminates repetitive, low-value, manual and tedious tasks & gives huge time savings to Legal as well as Sales, Administration, other teams.

Key highlights -
  • Handle contract variations - across 1000+ domain-specific parameters, huge volumes (50000+), 1000+ page contracts, and multiple contract types, sources and formats; AI powered extraction overcomes the limitations of solely leveraging OCR & ICR for extracting data from legal clauses.
  • Reduce Risk, Improve Compliance - Avoidance of manual errors, better risk assessment, automated identification of anomalies, risk factors, applicable governing laws, standard & non-standard clauses etc.
  • Enhance Contract Visibility - Automated tracking of renewal or other date-based events, flexibly set any data-based triggers & alerts, collaborate on document workflow with multiple users & roles efficiently.
The platform has 4 key modules that are vertically integrated and available as one platform, under a single license -
1. Capture - For automated abstraction: Leverage AI-powered extraction of 1000s of data points from unstructured documents from multiple sources (web, cloud storage, APIs etc.); with flexibility to configure any number of relevant parameters; bulk handling of legacy contracts, automated classification of documents based on defined criteria and contract types.
2. Search - For high-precision contextual results: Powerful taxonomy-based, vertical Search feature with flexibility for users to configure parameters and filters – one-click search results from the entire document can be downloaded in a single output file.
3. Analyze - To make Informed decisions: Customize dashboards to set up meaningful insights for users, specific metrics related to contractual obligations, risks, entitlements owed etc. without having to manually go through entire contracts
4. Automate - To maximize efficiency: Automate alerts & trigger notifications customized to specific users based on key dates, governing laws, clauses (standard, non-standard) — so that your team stays prepared and is enabled to proactively handle contract stages and milestones; seamlessly integrate with downstream systems (e.g. Salesforce CRM) or repositories via webhooks, connectors etc.
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