Onit Catalyst

Contract Extraction

Let the power of Artificial Intelligence (AI) simplify contract data extraction. Get the insights you need with high-quality data extracted from executed, legacy, and third-party contracts to cut costs, reduce risk, better allocate resources, and save time.

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9
%
of annual organizational revenue can get lost through poor contract management
64
%
of US organizations fail to adhere to critical regulations
4
X
faster contract audit and migration projects

TURN CONTRACT
DATA INTO
ACTIONABLE
INSIGHTS

Contracts contain critical information, rights, and obligations that determine the success of your business. At scale, it is incredibly difficult to identify, manage, and audit this information. Contracts aren’t always in the same place, obligations are written ambiguously, rules and regulations constantly change, and market trends and business decisions can send you in different directions. Keeping on top of it all is time-consuming — often resulting in large, costly projects that only help you get up to date at a certain point of time. Onit Catalyst Contract Extraction creates structure from your unstructured contracts, automating and augmenting contract data extraction to report on and action previously hidden information.

LOWER LEGAL SPEND

ENSURE COMPLIANCE

BE RESPONSIVE TO CHANGE

REDUCED HUMAN EFFORT

Highly accurate AI automates contract data extraction, reducing human effort by up to 60% and removing significant cost from large projects.

FASTER VALIDATION

AI-aided validation speeds up contract data entry and field validation by 400%, increasing capacity for higher-value work.
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FIND AND ADDRESS CONTRACT RISK

Create custom audit checks and calculate risk scores to quickly identify non-compliant and high-risk contracts.

VISUALIZE YOUR CONTRACT DATA

Dashboards let you easily visualize and report on risk, compliance, and other previously hidden contract data.
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READY TO GO OUT-OF-THE-BOX

Hundreds of pre-trained legal concepts and data fields ensure you can immediately get started on extraction projects.

ANSWER SCARY QUESTIONS FAST

Rapidly understand your exposure to regulatory change, identify contract trends, and get answers to business-defining questions — all without needing to stand up a project team and spend weeks scouring contracts.
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THE POWER OF
OUR ENGINE

The OnitX low-code workflow engine provides the robust flexibility and easy adaptability that your organization needs to evolve. Designed to “meet you where you work,” our highly configurable, solutions encompass everything from custom-built applications to seamless integrations into existing or bespoke workflows.

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The pricing is great. The product is superior too. So you have those two benefits which make it a no-brainer, really.
General Manager for Business Development
Wesfarmers

SEE FOR YOURSELF

Learn how Onit Catalyst Contract Extraction lets the power of Artificial Intelligence (AI) simplify contract data extraction.

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Onit Catalyst Contract Extraction

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