As a legal document that determines rights and obligations, contracts run through all aspects of an enterprise's internal and external activities. It can be seen that contract data is a very important data asset for enterprises.
Contract management is an important part of business operations, and contract review is one of the basic tasks of corporate legal affairs. There has always been a problem for all legal personnel: contract document review time accounts for 70%-80% of contract document management time, which is extremely inefficient. However, in order to prevent the contract from being maliciously tampered with, all terms in different versions must be confirmed. The amount of text review involved is huge, and any errors or omissions may have immeasurable impact.
For contract management scenarios, Huoyan Review relies on deep learning models such as natural language processing NLP, optical character recognition OCR technology, and knowledge graphs. It can automatically identify document formats, automatically read text content, parse text structures, compare text differences, and quickly Visual display of difference results.
1. Intelligent comparison of contract texts
a. Supports comparison of documents in multiple formats, comparison of Word and PDF, comparison of Word and Word, comparison of Word and pictures, PPT and other multiple formats.
b. The comparison is fast and accurate, about 150 pages/min, the difference point prompting rate is 99%, and it can be accurate to punctuation marks, headers and footers.
c. Supports one-click generation of difference reports, and downloads Word comparison reports containing differences annotations directly on the interface
2. Intelligent document extraction
a. Support batch extraction of multi-format documents
b. Extract text for quick positioning and high-volume prompts
c. One-click download of extraction results
3. Image text OCR recognition
a. OCR high-precision recognition, special optimization for blurred, tilted, flipped images, etc.
b. General industry scenarios, in-depth understanding of personal documents, corporate documents, and various types of bills
Empowered by AI, machines can "read" contracts. The Huoyan intelligent document review assistant has been used in the legal departments, contract management departments, and financial departments of many companies, and has been unanimously recognized by customers. Let machines replace humans in reading a large amount of boring text, reduce repetitive work, and focus on high-value work.