Core demands
The traditional contract life cycle management system has a poor effect in improving the efficiency of contract processing, controlling contract risks, managing contract data, and settling legal knowledge. XiuContract hopes to improve the above four capabilities with Baidu TextMind platform.
1. Use artificial intelligence to automatically review and improve the flow speed of mature business through human-computer collaboration.
2. Contracts are classified and graded automatically, and compliance risks are controlled by separating the complex and simple ones.
3. All kinds of electronic data information, such as pdf, word and scanned copy, are extracted and managed uniformly.
4. The legal and business issues related to contract review precipitate into various review lists to effectively enable contract review and compliance management business.
Solution
Taking a financial industry customer and a head fund management company as an example, a large number of contract drafting, review and subsequent performance management are involved in daily operations, and contract related businesses consume most of the human and time costs of enterprise management. Baidu TextMind platform cooperatively shows the contract management platform, which greatly improves the efficiency of enterprise contract circulation and reduces the contract risk in the business operation process. There are hundreds of pages of contracts, and the review time is reduced from 30 minutes per contract to 5 minutes per contract. In the process of product establishment, the efficiency of multi department collaborative review of contracts was reduced from 10 days to 3 days.
1. Low efficiency of contract processing
Contract drafting: according to the business type and product type of the enterprise. The Xiu Contract Enterprise Contract Management Platform provides a large number of contract templates and a term library that meets the basic needs of enterprises, facilitating the online drafting of contracts. At the same time, the platform supports the classification and unified management of commonly used contract templates and terms of enterprises. It not only standardizes the workflow from contract drafting to performance management, but also improves the efficiency and compliance of contract drafting.
2. Uncontrollable contract risk
Contract review.
3. Unified management for contract documents
Contract archiving: enterprise contracts are uniformly archived and managed through the contract management platform, and the whole process of contract performance is tracked and monitored to effectively reduce the risk of enterprise contract performance, improve the efficiency of business operation and supervision, and ensure the continuous and effective legal effect of contracts.
4. For inconsistent contract data
Data penetration: The show contract also connects the contract management system with other internal systems of the enterprise, such as the financial system, business system, customer management system, etc. By collecting data, the seamless link of information can be realized, which can not only ensure the consistency of key data of products and contracts, but also greatly improve the operation efficiency of the enterprise.
5. Effective knowledge accumulation of the Supervision and Audit Department
Data precipitation: By building an intelligent middle platform for contract management, show contracts can effectively integrate enterprise related contract data and establish a complete set of contract review knowledge system. This system can not only become a self-learning product within the enterprise, but also enable the enterprise business, so that legal work can be carried out in a more efficient way.
The following is the functional architecture of "show contract"
Using the show contract management platform can effectively solve various contract related pain points faced by enterprises in contract management. The following is a comparison chart between the traditional contract management method and the "show contract" full life cycle contract management method
