Upload contracts for your clients - and Critical Data is Illuminated.
Our contract extraction uses Machine Learning to suggest critical data points, such as options, incentives, liabilities and payment escalations.
You can active AI to automatically populate data - with a workflow approval process.
Clear, accurate data to help you assess your clients' risks and opportunities.
This includes powerful data that goes beyond compliance - allowing you to help your client smarter operational decisions.
Sales agreements? Leases? Vendors? Loan agreements?
Create templates for your clients to help understand their future impact, while complying with accounting standards.
Plus, an audit trail right back to the contract.
According to a recent US business census, there were 5.8 million businesses registered in the USA. This includes everything from a 1-person marketing freelancer to Fortune 100 Company.
Under ASC 842 (and GASB 87 and IFRS16) you will need to collect those data points, along with options, escalations, CPI, incentives, allowances, improvements and other risk factors. These are real estate or equipment leases that lawyers or facilities experts may be familiar with, but not necessarily the accounting team.