What is AI-powered contract term extraction?

AI-powered contract term extraction uses artificial intelligence to automatically identify and capture key details—like parties, dates, clauses, and obligations—from contracts, making unstructured documents searchable and actionable.

How accurate is AI compared to manual contract review?

AI can match or exceed human accuracy for standard terms at scale, with human oversight for complex or non-standard agreements.

Can AI handle scanned or handwritten contracts?

Yes. AI tools use optical character recognition (OCR) to process and analyze scanned and even handwritten content.

How secure is AI in managing sensitive contract data?

Enterprise-grade solutions employ robust encryption, strict access controls, and compliance features to protect sensitive information.

What are the most common use cases for AI contract extraction?

Common use cases include procurement contract management, compliance monitoring, M&A due diligence, and automated renewal or obligation tracking.

Sirion | AI-powered CLM Insights & Resources

Contract Insights

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