Introducing Sastrify's Contracts AI Extractor

Managing contracts and subscription details can be a daunting task, especially when dealing with large volumes of documents, renewal dates, payment terms, and contract values. The process of manually entering data is not only time-consuming, but it also increases the risk of errors that can lead to poor decision-making, inefficiencies, and missed opportunities. At Sastrify, we understand these challenges, and we are excited to introduce our new feature: Contracts AI Extractor. This innovative solution will revolutionize how you manage your contracts, making it easier, faster, and more accurate.

Say Goodbye to Manual Data Entry

For many businesses, the contract management process has traditionally involved a lot of manual work—scanning documents, entering details, and updating spreadsheets. This process often results in duplicate entries, inconsistencies, and, most importantly, delays in decision-making. With the Contracts AI Extractor, we’re automating this tedious process. No more sifting through pages or manually entering contract terms!

How It Works

When you upload a contract document into Sastrify, our system quickly analyzes the file analyzed the file and extracts all your key contract details using AI technology to make your task of adding contract details seamless! We will extract details such as Contract value, Start and end dates and licence information.

• Contract Value
• Start & End Dates
• Renewal Terms
• Currency
• Licence Information

This data is then seamlessly integrated into your Sastrify dashboard, where you can review and edit it if needed. The extracted details are used to enhance other parts of your platform, allowing you to make better, more informed decisions.

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The Benefits: Efficiency, Accuracy, and Transparency

1. Time Savings: With automatic data extraction, you no longer need to spend hours entering contract details manually. This allows your team to focus on more strategic tasks, boosting productivity.

2. Reduced Errors: By eliminating manual input, we reduce the risk of human error. This ensures that your data is consistent, accurate, and up-to-date across the board.

3. Better Decision-Making: With all the relevant contract data at your fingertips, you can make more informed decisions about renewals, pricing benchmarks, and future procurement initiatives.

4. Streamlined User Experience: Our new system makes managing contract data effortless. You’ll enjoy a more intuitive interface that pulls contract details automatically, reducing friction and improving your overall experience.

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Contract Verification and Editing Made Easy

While automation is at the heart of this feature, we know that every contract is unique. That’s why we’ve built in a contract verification verification flow that allows you to review and edit the extracted details. If there are any discrepancies or additional information that needs to be added, the interface makes it easy to do so.

Additionally, if you’re dealing with multi-year contracts, the system will break down the details by year, giving you a clear picture of costs, renewals, and payment schedules for each year of the contract.

Improving Budget Forecasting and Spend Visualization

Thanks to the new feature, managing your budget forecasting and spend visualization has never been easier. By automating the extraction and integration of contract data, you'll have more accurate, up-to-date information for better forecasting and budgeting. This enhancement reduces manual work, ensuring your data is consistent and ready to use, making it easier to track spending and adjust budgets in real-time.

Conclusion

With the Contracts AI Extractor, Sastrify is transforming contract management into a faster, more reliable, and user-friendly experience. No more manual data entry, no more errors, and no more missed opportunities. Get ready to unlock the full potential of your contract data and take control of your procurement processes like never before.

Stay tuned for more updates as we continue to enhance this feature and introduce new tools to help you streamline your business operations!

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