Contract Data Analysis

Shareforce’s AI/NLP-powered Contract Data Analytics tool combines the strength of the Clause Library, user activity, usage of clause-components, embedded quantitative data and content distribution. Training of the models that drive our Contract Data Analytics tool takes place within your safe perimeter on your own contract intelligence.

AI models

Our AI models are helping content managers with optimizing the clause library and the templates by finding similar clauses, clauses which can be linked, or clauses that get push-back and may be in need of updating. The AI model will suggest these optimalisations to the Content Managers. So even though the machine is doing the work, all AI output is validated by the customer – the human in the loop remains, which in our view is critical with policies or other contracts.

Shareforce offers a granular setup in its software, managing legal content as individual clause-components (contract building blocks) rather than entire clauses or documents. These components, including variables, are created within the Clause Library through template uploads or direct API imports, with Shareforce automatically converting unstructured text to structured components. A single version of standardized contract data is established in the Clause Library, serving as a reference for all transactional and master records, as well as systems and applications. Expert lawyers curate, manage, and deploy this reference data, defining, classifying, and categorizing clause components with Shareforce’s AI/ML features. The reference data is reused in templates (‘master records’) and documents (‘transactional records’), with usage recorded and queryable. Relationships between clause-components and other relevant information are stored and visualized in Shareforce’s graph database, and connections with external reference data can be established. This foundation provides the capability to gain comprehensive insights into transactional records.

Querying/Reporting

Extract instant insights from the clauses (contract building blocks), obligations, risks, and critical data in your contracts. Find deviations in your contracts from standard clauses/templates and the degree of deviation. Perform quantitative risk analyses (financial exposure) via variables on individual contract level or aggregated level.

Data Mining

Extract and discover patterns in your contract data set. Find and replace legal content that has been flagged as ‘risk’. Perform country, sector, product analysis or any exposure you deem relevant.

B.I. Dashboards

Build bespoke dashboards: view aggregated data for contract risk, quantitative data (variables) or any contract dimension you’d like to see. Dashboards give our customers insights in their contracts and clause usage. It provides a graphical representation of the collective contract knowledge of the company.