10xDS develops Innovative AI solution to extract key information from Contract documents
Gleaning key information from contract (lease) documents can be time consuming. Scanned image documents make it impossible to copy the information, increasing the cycle time for auditors. 10xDS developed an innovative AI solution for processing multiple types of contracts with a descriptive analytics interface for data consolidation. Its Business Intelligence dashboard provides a consolidated view of all the contracts. The data export feature enables further processing with greater accuracy. The solution significantly reduces cycle time to a greater extent, also maximizing audit coverage on critical areas like contract vouching/testing.