ABOUT NORCOM
Manage and review contracts intelligently with the help of AI
The processing of contracts is a laborious manual process in which various documents are merged and content is transferred to inventory data systems.
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Contract documents are often in scanned form, sometimes with poor scan quality and handwritten annotations. There are different document types for each contract, documents even of the same type often vary greatly in formatting. The information to be extracted can be found both in the continuous text and in tables.
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The automation increases the quality and efficiency of contract processing and thus leads to a significant reduction in costs. Specialists who were previously tied up with contract processing now have more time to focus on business-relevant tasks such as analyzing the contents of the contract.
Automated contract review with DaSense
Keep track of all aspects of your contracts. DaSense takes over the automatic labeling of your contract documents - search or arrange your documents according to contractual partners, clauses, contract type, specific content and text modules. Be reminded of important data, track versions and changes, read comments from colleagues on work steps. With DaSense, the wealth of documents is searched and managed in a targeted and reliable manner.
Participating apps
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The Extract-App trawls through documents for pre-defined information. If you don't have time to search hundreds of pages for a small but relevant number in the third to last paragraph, leave it to this app.
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Functions: annotation, named entity recognition, implementation of rules, aggregation of information, for example in tables and dashboards.
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Currently in use, e.g., in fund due diligence
Someone keeps track! Labeling thoroughly checks documents and provides them with metadata. In this way, no information is lost and those who search will always find the right thing!
Functions: Weak Learning & Machine Learning, Speech Recognition, Author Recognition, Classification, Named Entity Recognition
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Currently in use,e.g., to determine contractual partners
This app is an esthete. If you don't like bare facts and figures, you've come to the right place. Clear graphics, colorful diagrams, meaningful graphs - the reporting app offers all of this.
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Functions: Creation of dashboards, graphs, charts, indication of deviations, correlations, time-period comparisons
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Currently in use, e.g., for monitoring production processes