There have been many questions surrounding the automated extraction of meta-data from contracts.

This whitepaper highlights when to use a software-only solution and a full-service firm that extracts metadata from contracts.

Outsourced to specialized contract data-extraction firms –

– Legacy contracts
– High volumes
– Extremely high accuracy
– Complete review by lawyers
– A full-service solution, for new A CLM installation

AI Software solution –

– Third party paper
– Live Contracts
– Smaller volumes coming in daily, after A CLM installation
– Review/checks done by internal staff