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SHERLOQ for contract analysis

AI-based automated analysis, reliable classification, and extraction even of complex contracts.

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Would you like to pay less for manual contract checking?

Say goodbye to tedious, manual contract checking. We use AI technologies such as large language models and machine learning to analyze contracts quickly and accurately. This saves time, improves productivity, and minimizes the risk of errors.

Revolutionize your contract management processes. Take the pressure off your employees and automate recurring contract reviews.

A man sitting at a table working on a computer, tablet, and with pen and paper, all at the same time.

Inefficient contract processing costs time and money.

Are you tired of manually searching through old contracts? Migrating contract portfolios can be a laborious, time-consuming, and error-prone process. Our AI solution automates the process. It extracts important information from contracts and transfers it to your systems.

Take the first step towards better contract management. The reliable extraction of information helps to avoid errors and ensures greater accuracy.

End-to-end integration with your contract processes

SHERLOQ integrates seamlessly into existing systems via state-of-the-art and secure APIs. Contracts are received in a wide variety of formats, automatically processed, checked and validated.

Diagram of the SHERLOQ process: contracts from various sources being processed and then reused in different ways
Separation of batches of contract
⁠SHERLOQ automatically separates related contract types and documents from emails or scanned batches of contract and breaks them down into individual document classes.
Classification of contract types
⁠SHERLOQ uses keywords, structures and layout to analyze what type of contract a document is, in order to classify it and forward it to the right department.
Information extraction
⁠SHERLOQ recognizes the content of contracts, extracts the relevant information and transfers it to the target system in the desired format. It is also possible to extract tables, handwritten information, and notes.
Contract review
SHERLOQ analyzes the most important clauses such as delivery deadlines, warranties, disclaimers, non-disclosure agreements, and other important provisions. In addition, a check can be made to ensure that the contract complies with applicable laws, regulations and internal company guidelines.
Validation
⁠SHERLOQ connects to internal catalogs to compare the extracted values. If a value does not match or is not found, the extracted value will either be flagged with a warning or not extracted at all.
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SHERLOQ in industry use

Energy industry

IT

Insurance companies

Leonie Luttkus

Business Solutions Consultant

Is your use case not listed?

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Energy industry

Contract management support

Energy companies juggle with a multitude of complex contracts. For wind farms and solar parks, it is crucial that information from sureties and lease agreements is available promptly and accurately. These agreements include critical details such as: Terms and notice periods, values of sureties, guaranteed performance, specific terms of use, etc. 

The special challenge is that these documents are unstructured. Relevant information can be scattered throughout the text on multiple pages, making manual processing time-consuming and prone to error.

Automate your contract management

  • Intelligent search and extraction of relevant information

  • Automating repetitive tasks makes work easier

  • Connection to catalogs for data validation and reconciliation

  • Seamless integration with existing contract management systems (CMS)

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IT

Automatic contract analysis

Reviewing a data processing agreement (DPA) or a contract for DORA compliance is a complex, time-consuming process. Each clause must be carefully examined and checked against internal policies. SHERLOQ can transform this process.

Relieve the burden on compliance teams with AI-supported contract reviews

  • AI-based segmentation into logical clause sections

  • Automated response to specific review questions

  • In-depth analysis of each clause against company policies or legal guidelines

  • Dashboard to detect and examine problematic clauses

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Insurance companies

Policy reviews

Intelligent contract analysis is one of the most important use cases for insurance companies. Rapid entity extraction can make it much easier to process contracts or policies, for example, when it comes to digitizing old policies or checking claims against policies. 

SHERLOQ significantly accelerates policy reviews in the insurance sector

  • Rapid identification and extraction of policy conditions, coverage amounts, and exclusions

  • Automatic detection of changes in policy renewals

  • Analysis of claims and matching with policy conditions

  • Support in risk assessment through AI-based pattern recognition in insurance claims

Energy industry

IT

Insurance companies

//

Energy industry

Contract management support

Energy companies juggle with a multitude of complex contracts. For wind farms and solar parks, it is crucial that information from sureties and lease agreements is available promptly and accurately. These agreements include critical details such as: Terms and notice periods, values of sureties, guaranteed performance, specific terms of use, etc. 

The special challenge is that these documents are unstructured. Relevant information can be scattered throughout the text on multiple pages, making manual processing time-consuming and prone to error.

Automate your contract management

  • Intelligent search and extraction of relevant information

  • Automating repetitive tasks makes work easier

  • Connection to catalogs for data validation and reconciliation

  • Seamless integration with existing contract management systems (CMS)

//

IT

Automatic contract analysis

Reviewing a data processing agreement (DPA) or a contract for DORA compliance is a complex, time-consuming process. Each clause must be carefully examined and checked against internal policies. SHERLOQ can transform this process.

Relieve the burden on compliance teams with AI-supported contract reviews

  • AI-based segmentation into logical clause sections

  • Automated response to specific review questions

  • In-depth analysis of each clause against company policies or legal guidelines

  • Dashboard to detect and examine problematic clauses

//

Insurance companies

Policy reviews

Intelligent contract analysis is one of the most important use cases for insurance companies. Rapid entity extraction can make it much easier to process contracts or policies, for example, when it comes to digitizing old policies or checking claims against policies. 

SHERLOQ significantly accelerates policy reviews in the insurance sector

  • Rapid identification and extraction of policy conditions, coverage amounts, and exclusions

  • Automatic detection of changes in policy renewals

  • Analysis of claims and matching with policy conditions

  • Support in risk assessment through AI-based pattern recognition in insurance claims

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What is Intelligent contract analysis?

Intelligent contract analysis refers to the use of artificial intelligence (AI) to automatically analyze contracts and other legal documents and extract information from them. The aim is to optimize contract processing , increase efficiency, and reduce the risk of errors.

Contracts are often complex, technical, and detailed. Assessment and interpretation are often required during analysis. Contract reviews in organizations are therefore performed by highly qualified, trained, and appropriately remunerated personnel. The cost savings achieved through intelligent automation are particularly high.

Illustration of a woman working at a computer and gaining insights from a large number of documents.

Input management with SHERLOQ

Automation and dark processing of your digital inbox. Our solution can process a variety of document formats.

Do you still have any questions?

We are part of the SHERLOQ team and your experts in artificial intelligence and input management. We would be happy to talk to you about your special use case.

Thomas Manthey

Leonie Luttkus

Business Solutions Consultant

Thomas Manthey

Leonie Luttkus

Business Solutions Consultant