Data, AI & Analytics
Design
Development
April 24, 2024
Brickclay, a leading provider of data extraction and integration solutions, empowered a prominent player in the Warehousing, Storage and Records Management industry to overcome challenges associated with manual contracts analysis. Our client struggled to manage a vast portfolio of over 50,000 contracts, leading to inaccurate data capture and inefficiencies in revenue generation, customer satisfaction, and operational costs. Brickclay’s solution, leveraging cutting-edge Artificial Intelligence (AI) and data engineering, streamlined contract analysis, resulting in a significant increase in organic revenue growth, improved customer satisfaction, and enhanced operational efficiency.
Our client faced a critical roadblock of managing a massive volume of contracts (over 50,000) in diverse formats – PDFs, scanned images, and even documents with handwritten sections. Manual extraction of key terms and conditions from lengthy (15-20 page average) contracts proved exceptionally time-consuming and prone to errors.
The repercussions of this inefficiency were multi-fold:
Brickclay implemented a comprehensive AI-powered contract analysis solution to address these challenges:
The system achieved an impressive 95% accuracy rate in extracting these pivotal components.
Our client witnessed significant improvements across key business metrics:
This case study demonstrates the transformative power of AI in automating complex contract analysis processes. By collaborating with Brickclay, our client achieved remarkable results – increased revenue, enhanced customer satisfaction, and streamlined operations. This success story highlights the immense potential of AI solutions in optimizing business processes and driving growth across various industries.
Brickclay is a digital solutions provider that empowers businesses with data-driven strategies and innovative solutions. Our team of experts specializes in digital marketing, web design and development, big data and BI. We work with businesses of all sizes and industries to deliver customized, comprehensive solutions that help them achieve their goals.
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