Using Nalytics for Contract Analysis

The issue with Contract Analysis...

Contract analysis may be carried out by a firm for any number of reasons. Whether you are looking to appraise your organisation’s contractual obligations, respond to changes in legislation/organisational policy, or identify contracts containing non-standard clauses, there are certain characteristics which are commonly associated with these activities.

First and foremost, contract reviews tend to be extremely time-consuming and can be tedious, which may result in information being missed or mistakes being made. Staff morale may also suffer as they increasingly find that their time is being taken up with mundane activities rather than more stimulating, higher-value work.

How Nalytics can Help

Nalytics is a search, discovery and analysis platform which extracts data from a wide range of sources to provide highly responsive, secure and accurate contextual access to the knowledge within. By bringing structure to seemingly unstructured text, Nalytics offers a means of surfacing all sorts of key information from contractual documents, as well as quickly and precisely searching the content within these documents. Whatever the reason for your review activities, Nalytics has a range of capabilities to support the fast and accurate analysis and review of all of your contractual data. With Nalytics, you can:

• Compare Contracts (to each other, or to a template)
  Nalytics can identify and surface the clauses within each contract, helping to enable efficient cross-contract clause analysis.

• Surface Key Data Points
  Nalytics automatically identifies key data points within your contracts, such as currency, durations and people, and makes them visible to you.

• Classify Contracts
  Nalytics automatically classifies contracts by type, so that you can quickly and easily choose which type of contract(s) you want to work with.

• Identify Non-Standard Legal Clauses
  Nalytics automatically identifies any contracts with clauses or content that does not match your organisation's standards, so that you can review them and take necessary action.

• Keep Track of Key Events
  Nalytics can identify and extract specifc date types so that finding dates and navigating to exactly where they occur can be done at the click of a button.