Overview
A mid-sized multinational corporation faced significant delays in contract reviews, which impacted business operations and slowed deal finalizations. Their legal team depended on manual contract processing, leading to inefficiencies, oversight risks, and extended turnaround times. To improve contract analysis speed without compromising accuracy or compliance, they sought an AI-powered solution.
The Challenge
The corporation's contract review process was time-consuming and prone to human errors, making it difficult to scale. Manually analyzing key contract terms and compliance clauses was inefficient, increasing the risk of missed details and legal exposure. Without AI-powered tools, extracting critical contract insights and ensuring consistency across agreements was a major challenge.
Key Challenges:
- Contract review delays slowed business operations, deal negotiations, and finalizations.
- Manual contract analysis was inefficient, leading to inconsistencies and potential legal risks.
- Lack of AI-powered tools made it difficult to summarize, extract, and analyze key contract terms efficiently.
The Solution: Sinabox Automation
To address these inefficiencies, the corporation implemented Sinabox, an AI-powered contract review solution that optimized the contract analysis process while ensuring accuracy and compliance.
Key Features Implemented:
- Document Upload & Processing: Automated contract ingestion and categorization, reducing errors and manual handling.
- Keyword Search: Quickly locates critical clauses such as payment terms, obligations, and liability limitations.
- Sinabis Assistant: AI-generated contract summaries provide quick overviews, aiding faster decision-making and risk assessment.
The Results
50% faster contract processing, accelerating deal closure and business operations.
Improved accuracy in contract reviews, reducing legal exposure and ensuring compliance.
Enhanced efficiency, enabling legal teams to handle a higher volume of contracts with greater precision.
Conclusion
By integrating Sinabox, the multinational corporation drastically improved its contract review process. The automation of contract analysis not only reduced delays but also increased accuracy and efficiency. Business deals were finalized faster, and legal operations became more agile and streamlined.