Deciphering insights from the contracts once the signature has dried, like key commitments, deadlines, effects of non-delivery and related business implications, is a difficult undertaking. Additionally, when a contract is drafted poorly, it results in longer redlining process, delaying the entire contract lifecycle. Revealing hidden insights and minimizing compliance risks, Wipro Contract Intelligence on AWS injects cognition across contract lifecycle by leveraging AI capabilities in the pre-signing and post-signing activities. Ensuring standard position of the enterprise, it powers contract review to streamline the contract authoring and execution of new third-party contracts, reduces negotiation cycle time, ensures compliance with terms and clauses, and identifies risks and deviations expeditiously in the drafting phase. Using advance NLP and ML, it can understand complex legal language and extracts key clauses (like D&O) empowering human decisions with insights not known before.
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