Overview
What is Onit ExtractAI?
Artificial Intelligence to Handle the Post-Signature PhaseOnit’s ExtractAI software uses artificial intelligence (AI) to extract and obtain usable data from executed, legacy, and third-party paper contracts. In the post-signature phase, ExtractAI applies practical AI to data extraction projects and produces…
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Product Details
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What is Onit ExtractAI?
Artificial Intelligence to Handle the Post-Signature Phase
Onit’s ExtractAI software uses artificial intelligence (AI) to extract and obtain usable data from executed, legacy, and third-party paper contracts. In the post-signature phase, ExtractAI applies practical AI to data extraction projects and produces higher quality data than traditional tools. By adding an AI component to these data extraction projects, companies can cut costs, reduce risk and save time.
Extracting Data with AI
Artificial intelligence turns contract data into actionable information at scale.
- Batch Review: Extract data from multiple legal documents at once for due diligence, applying contract updates, or for importing legacy contracts.
- Repapering: Contract details and key terms can be amended or redlined due to regulatory, policy, or commercial changes or M&A activities.
- Contract Abstraction: Identify key legal, clauses, terms, and details in documents such as contract agreements for analysis and management.
- Audit Compliance: Automate large-scale legal contract review during regulatory changes and export relevant details to .CSV reports and in-document notes.
- Due Diligence: Automate the batch review of contracts for routine legal due diligence, making time for higher-value M&A tasks.
- Legacy Contract Migration: Legacy contracts metadata can be rapidly analyzed to extract critical dates, terms, and clauses to assist in the import.
- Contract Lifecycle Management Integration: Integrate ExtractAI into your Onit or third-party contract management system for AI-assisted workflows.
Onit ExtractAI Integrations
Onit ExtractAI Technical Details
Operating Systems | Unspecified |
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Mobile Application | No |