Counselytics
Smart NLP Engine that Tackles Entire Contractual Genome
Design Development Ideation Mockup NLP Engine Development
A smart NLP engine that tackles entire contractual genome which enables enterprises to process and manage large amount of legal content in fast, efficient and cost effective ways.
Tech
- Ruby on Rails
- Angular JS
- PostgreSQL
- NLP Techniques
Challenges
Counselytics needed to build a software where documents from every aspect of business would be managed with ease.This would include invoices, employee contracts, business transactions and correspondence, legal and financial contracts. Around 90% of the data is in an unstructured form in contemporary contracts. Counselytics needed to change that by leveraging Natural Language Processing (NLP), sorting data and analyzing it.
Solution
One of our Engagement Manager took up the challenge and architected a comprehensive system after mapping all the requirements. We managed to classify all of the data into the following categories: Suppliers (orders, invoices, materials & returns), Employees Data (recruiting, retention/advancement, retirement), Customer Data (correspondence, history/transactions, install base/revenue), Contracts (legal & templates, terms and entitlement, renewals and revenue), Financial Data (audit, compliance regulatory, fraud & collections).
OUR VALUE PROPOSITION
Counselytics has steadily grown in both revenue and size since its launch. With a series of strategic partnerships to consolidate its market share, such as its partnership with SmartRoom, deal management solution for secure document exchange; Counselytics has projected its presence in the market. VF is proud to be the technology partner for Counselytics.