Automatic contract analysis

Contract analysis is a process in which a contract is thoroughly examined for important data, clauses and partner information. Contracts often contain extensive information that needs to be extracted, structured and evaluated to reveal relevant details such as deadlines, obligations or risks. This process can be carried out manually, but modern tools and technologies - such as AI-supported software - make the analysis much more efficient. For certain document types, the use of Optical Character Recognition (OCR) makes sense in order to include non-digitized contracts in the analysis.

A precise contract analysis is essential in order to effectively use important information from contracts and minimize potential risks. Without a thorough analysis, deadlines can be overlooked or contractual penalties triggered, which can lead to significant financial losses. A good contract analysis also ensures greater efficiency, as it helps to maintain an overview of contract data and save resources through automated processes. Especially in large contract portfolios, clear and automated processing of information is essential in order to make well-founded decisions.

The automatic contract analysis starts with the upload of a contract - this can be done via drag-and-drop or directly from emails. If the contract is not available digitally, ContractHero uses OCR (Optical Character Recognition) to extract text from scanned documents. Advanced technologies such as Natural Language Processing (NLP) and machine learning are used to precisely analyze even complex contract texts. All important components and specific details are recognized and automatically extracted using customizable prompts.

This information is processed in a structured manner and can be stored in contract management software such as ContractHero. Automation eliminates manual work steps such as transferring data and creating reminders, which saves time and reduces errors. The automatic analysis also enables scalable processing, even for large contract volumes.

ContractHero's contract analysis is highly specialized in contract documents and combines advanced technologies such as OCR and AI to ensure a reliable and comprehensive evaluation of contracts. By automatically extracting contract data, deadlines and clauses, users can directly create deadline reminders or use data for reporting. The analysis provides a better overview and makes not only everyday operations but also recurring tasks such as audits much easier. ContractHero thus offers an efficient, secure and advanced way to analyze and manage contracts.

Yes, your data is safe. Our AI processes contract data exclusively within the EU, fully GDPR-compliant and without storing or otherwise using it. ContractHero guarantees that the data remains encrypted and does not leave Europe.