Name: Automate document analysis with Azure Form Recognizer using AI and OCR
Uploaded: 2023-04-12T14:56:05.000Z
Duration: 12 min 50 s
Description: Microsoft Mechanics showcases Contracts 365's AI capabilities.

Help Desk

Web and Video Conferencing

Customer Support

Augmented Reality Development

Version Control

Development

School Management

Education

Business Intelligence (BI)

Collaboration

Enhanced 911 (E911)

Operational Analytics

Payment Facilitation

Policy Management

Risk Management

Enterprise

Accounting

Accounts Receivable

Anti-Money Laundering (AML)

Blockchain Payments

Crypto Accounting

Nonprofit Accounting

Finance and Accounting

Applicant Tracking

Corporate Learning Management

Employee Scheduling

HR Management

Payroll

Stock Option Plan Administration

Talent Intelligence

Talent Management

Workforce Analytics

Workforce Management

Human Resources

Application Lifecycle Management (ALM)

Application Performance Management (APM)

Build Automation

Cloud Storage

Code Review

Data Deduplication

Firewall

Fraud Detection

IP Address Management (IPAM)

Identity Verification

Integration Platform as a Service (iPaaS)

Intranet

Low-Code Development

Managed IT Service

Network Performance Monitoring

Network Simulation

Network Traffic Analysis (NTA)

Output Management

Platform-as-a-Service (PaaS)

Privileged Access Management

Robotic Process Automation (RPA)

System Monitoring

Information Technology

A/B Testing

Ad Serving & Retargeting

All-in-One Marketing

Content Management

Email Marketing

Marketing Automation

Mobile Analytics

Search Engine Marketing (SEM)

Social Media Management

Survey & Forms Building

Web Analytics

Website Builder

Marketing

Project Management

Professional Services

Customer Relationship Management (CRM)

Sales Engagement

Sales

Security Orchestration, Automation and Response (SOAR)

Security

Chargeback Management

Inventory Management

Last Mile Delivery

Mobility as a Service

Municipal

Nonprofit CRM

Physical Therapy

Roofing

Vertical-Specific

Find top rated software and services based on in-depth reviews from verified users. 400+ software categories including PaaS, NoSQL, BI, HR, and more.

DocuSign CLM

DocuSign

Dock 365

Dock 365 Inc.

Conga CLM

Conga

Icertis

Ironclad

Emptoris

Agiloft

Concord

Concord Worldwide, Inc.

INHUBBER

Outlaw

Outlaw Inc.

CobbleStone Contract Insight®

Microsoft 365

Microsoft Dynamics 365

Microsoft SharePoint

Salesforce CMS, discontinued

Adobe Acrobat Sign

DocuSign CLM, formerly SpringCM, is a cloud-based platform that can be used to manage documents, contracts and related collateral.  The solution includes workflows that can be tailored to an organization's  business processes. It is also designed to accelerate team collaboration. SpringCM was acquired by DocuSign in the summer of 2018.

Personal

Standard

Business Pro

Advanced Solutions

Real Estate Starter

DocuSign for Realtors

Real Estate Plus, Broker Edition

Sandbox Account

Starter

Intermediate

Enterprise Offerings

PandaDoc headquartered in San Francisco offers their eponymous electronic signature platform for sales teams, containing sales proposal automation and CPQ (configure, price, quote) features, and integration with CRMs.

Business

PandaDoc

Contracts 365

Contract management software is a program or series of related programs for storing and managing legal agreements such as contracts with vendors, leases and licensing agreements.

Contract Management

Contract Management Software made for Microsoft Customers.  This paper shows how Contracts 365:
●    Uses Microsoft cloud to keep contracts and data in control
●    Integrates with the Office 365 tools that teams use daily
●    Leverages existing login credentials and security protocols

Contracts 365 for Microsoft Dynamics 365.  A solution to managing contracts without ever leaving Dynamics.

Microsoft Mechanics showcases Contracts 365's AI capabilities.

Automate document analysis with Azure Form Recognizer using AI and OCR

Extract text automatically from forms, structured or unstructured documents, and text-based images at scale with AI and OCR using Azure’s Form Recognizer service and the Form Recognizer Studio. Build intelligent document processing apps using Azure AI services. Leverage pre-trained models or build your own custom models to help speed up app development with the SDK and APIs.  

Use a pre-built model for W2 forms
Build and train custom models to extract data from 1099, 1040, and W9 forms
Extract data from receipts with handwritten tips, in different languages, currencies, and date formats.

Bema Bonsu, from Azure's AI engineering team in Azure, joins Jeremy Chapman to share updates to custom app experiences for document processing. 

► QUICK LINKS:
00:00 - Introduction
01:50 - Form Recognizer updates
03:27 - Extract data from tax forms
04:56 - Extract data from handwritten text and other languages
06:00 - Build and train custom models
08:27 - Extract data from unstructured docs
10:15 - Code behind custom apps
12:07 - Wrap up

► Link References:

Get started with Azure Form Recognizer Studio at https://aka.ms/formrecognizerstudio   
Find out more about Contracts 365 and their services at: https://www.contracts365.com/
H&R Block and how they use Form Recognizer: https://techcommunity.microsoft.com/t5/ai-applied-ai-blog/automating-tax-documents-processing-with-azure-form-recognizer/ba-p/3650168 

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Contract Authoring

Features related to the contract authoring process.

Contract creation

Includes a document generator and tools for creating new contracts.

Contract templates

Allows users to set up templates or templatize old contracts in order to make new contract creation easier and more consistent.

Clause library/saved fields

Users can save certain fields of a contract for re-use; these may be stored in a template or a clause library.

Integration to CPQ

Integrates to CPQ software so that calculated quotes/configuration details can feed into contracts. This is an important element of automation in the contract authoring process.

PDF generator

Users can generate PDFs of contract documents.

Contract attachments

Users can attach other documents, like invoices, images, meeting minutes, memos, etc, to contracts.

Guided logic

Automated questions (based on company policies and the circumstances of the deal) help with the contract authoring process; this is an example of partial automation.

Contract Collaboration

Features related to collaborating on contracts.

Contract sharing

Users can easily and securely share contracts with internal users and external users. Contracts are accessible.

Contract editing

Contracts can go through multiple drafts and revisions; the software supports multiple versions and version comparison.

Contract merge

Multiple versions of a contract can be merged.

Collaborating on contracts

Internal and external users can collaborate on contracts without changing the text of the contract; this may be done through comments, questions, and/or message board conversations.

MS Word plug-in

Users can make changes to contract language using Microsoft Word.

Approval process

Approval workflows can be configured to streamline and automate the approval process; the approval process is helpful and convenient.

Parallel approvals

Users can set up complex workflows to handle parallel approvals.

Interdepartmental workflows

Users can set up interdepartmental workflows so that contracts can flow between teams in a logical and organized manner.

Contract Monitoring

Features that enable users to monitor the status of contracts.

Contract database

Contracts are stored and organized in a central repository.

VORs

Allows users to send/receive variation order requests and coordinate these with contracts.

Contract search

Users can easily look up contracts within the database.

Contract milestone reminders & alerts

Users can schedule reminders and/or trigger alerts according to contract milestones.

Custom contract reports

Users can create custom reports about the status of contracts, contract timelines, efficiency, and revenue tied to contracts.

Tracking contract status

Users can track the status of a contract as it moves through the approval process and beyond.

Salesforce integration

Integrates to Salesforce so that contracts are tied to contact’s CRM records.

Compliance check

Users can define and enforce complex business rules related to compliance regulations; helps automate or partially automate contract compliance check.

Tools and features to aid in contract management and formation.

Contract Storage

Centralized storage and management of all contracts in one place.

Document Management

Ability to upload, organize, and track changes to contract documents.

Advanced Search and Filtering

Efficient search functionality and advanced filters to quickly locate specific contracts or clause language.

Version Controls

Ability to track and manage different versions of contracts, including changes made and the history of revisions.

Customizable Contract Templates

Pre-defined templates that can be customized for different types of contracts.

Workflow Acceleration

Streamline the contract approval process by automating workflows and notifications.

E-Signatures

Capability to electronically verify user signatures, eliminating the need for physical signatures and enhancing efficiency.

Reminders and Alerts

Automated alerts and reminders for important contract dates, deadlines, and milestones.

Analytics and Reporting

Generate reports and gather insights on contract status, performance, and compliance.

Contracts 365

Overview

What is Contracts 365?