Question: Can you recommend a tool that uses AI to extract data from contracts and automate manual processes?

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Rossum

If you're looking for a tool that uses AI to extract data from contracts and automate other manual processes, Rossum is a good choice. It's a cloud-native, AI-based document processing service that automates complex transactional workflows, like extracting data from invoices and purchase orders. Rossum integrates with systems like SAP, Coupa and Workday, and offers a low-code interface for customization and built-in reporting and dashboards to track key performance indicators.

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Evisort

Another good option is Evisort, an AI-based Contract Lifecycle Management and Analysis software. It automates and streamlines the entire contract lifecycle process from creation to execution, with features like natural language querying, automated redlining and clause generation. Evisort integrates with tools like Salesforce, SAP Ariba, Box and SharePoint, so it's a good fit for legal, procurement, operations, sales, finance and IT teams.

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Parsio

Parsio is an automated data extraction tool that uses AI and OCR technology to extract structured data from unstructured documents like emails and PDFs. With a 5-minute setup and no coding skills required, Parsio integrates with tools like Google Sheets, Slack and QuickBooks, and offers a range of benefits like improved accuracy and increased productivity.

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Document AI

For a more automated document-based process, Document AI by Playmaker is an all-in-one AI-powered system that extracts, validates and uses data from documents like contracts, invoices and tax documents. With more than 300 integrations, Document AI is designed to automate workflows, free up time and reduce errors while protecting data security and privacy.

Additional AI Projects

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ABBYY

Automates document-based processes with 90%+ recognition accuracy, extracting insights from any document to inform real-time business decisions.

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Extracta.ai

Automate data extraction from unstructured documents, including CVs, invoices, and contracts, with customizable templates and no training required.

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Cradl AI

Automates internal document workflows by extracting data from complex documents in seconds, allowing teams to focus on high-priority work.

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Nanonets

Automate data extraction from unstructured sources, leveraging AI-driven workflows to extract, enrich, and validate information, freeing employees from repetitive tasks.

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Docusign

Converts static agreement data into actionable insights, breaking down complex agreements into clear summaries and contract highlights for informed decision-making.

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Lawgeex

Automates contract review and redlining with increased speed and accuracy, using AI to mimic an experienced attorney's thought process and ensure maximum accuracy.

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LinkSquares

Automates the entire contract management process, from drafting to analysis, with AI-powered workflows, data extraction, and risk minimization.

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Maigon

Automates contract review and finalization, freeing up thousands of hours of manual work, with unmatched speed and accuracy in minutes.

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Parseur

Automatically extracts text from PDFs, emails, and documents, sending extracted data to other applications, and saving time and labor.

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FormX

Instantly extract accurate data from documents with AI-powered automation, reducing errors and increasing productivity by up to 10 times.

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Icertis

Automates contract lifecycle management with AI-powered tools, providing real-time insights and actionable data to drive revenue growth, cost savings, and improved compliance.

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Ironclad

Streamlines contract lifecycle management with AI-powered tools, enabling intuitive collaboration, automated data tagging, and secure e-signatures across departments.

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Robin AI

Accelerate contract review by up to 80% with precise editing, reducing redline and improving negotiation consistency, and access contract information in seconds.

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Superlegal

Review contracts up to 90% faster and cheaper with AI-driven reviews, reducing legal spend and accelerating deal closures.

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Ocrolus

Converts unstructured financial documents into actionable data with industry-leading accuracy, enabling faster and more accurate decision-making.

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Ivo

Accelerates contract review with AI-produced redlines and comments, streamlining the process for legal teams and reducing time, labor, and expense.

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SpeedLegal

Scrutinize contracts quickly and accurately with AI-driven red flag analysis, personalized suggestions, and automated summaries to avoid oversight mistakes.

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Contractify

Streamline contract management with automated tasks, centralized storage, and AI-powered analysis, minimizing manual errors and improving collaboration.

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Contract AI

Rapidly analyzes contracts in real-time, detecting potential risks and providing expert advice to streamline contract management across multiple industries.

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Finigami

Extracts information from documents, including handwritten ones, in multiple languages, automating processes like KYC, insurance, and healthcare document analysis.