Machine learning assisted contract servicing
Wipro Contract Intelligence solution automates the understanding of lengthy and complex legal contracts, extract clauses from these documents and further classifies clauses into various categories. This helps in ensuring governance and management of deliverables and obligations and empowers business users. Thesolution and AI and ML models run on AWS infrastructure. Having the right information assists in tracking the organization’s performance against contract-established parameters. This is also complemented with alerts for business stakeholders that provide insights to derive strategic value from contracts and ensure governance.