CONTRACT DISCOVERY BOT
INTELLIGENT SOLUTION
TO IDENTIFY, EXTRACT,
AND ANALYSE
CONTRACTUAL TEXTS
FASTER ONBOARDING
FASTER
ONBOARDING

ENHANCED PRODUCTIVITY - A next-generation comprehensive suite featuring patented Guided Procurement System (GPS) technology, offering strong suite wide analytics, integration and ease of use.

QUICKER CONTRACTING
QUICKER
CONTRACTING

REDUCED TURNAROUND TIME - A next-generation comprehensive suite featuring patented Guided Procurement System (GPS) technology, offering strong suite wide analytics, integration and ease of use.

ACCURATE DATA CAPTURE
ACCURATE
DATA CAPTURE

IMPROVED ACCURACY - A next-generation comprehensive suite featuring patented Guided Procurement System (GPS) technology, offering strong suite wide analytics, integration and ease of use.

EFFICIENT NEGOTIATIONS
EFFICIENT
NEGOTIATIONS

FREE BANDWIDTH FOR STRATEGIC ACTIVITIES - A next-generation comprehensive suite featuring patented Guided Procurement System (GPS) technology, offering strong suite wide analytics, integration and ease of use.

 

Capture Accurate Metadata using Best-in-Class Technology

Capturing Metadata is what elevates contract management from simple document storage to a strategic function. It allows contract information to be aggregated, interrogated and to be made actionable. Therefore, it’s vital that the right information is captured up front into your solution.

Zycus Contract Discovery BOT will automatically read, extract and interpret critical business information from large volumes of contracts. The Bot will enable customers to automate a manual process and provide a high degree of efficiency and process compliance.

KEY METRICS

  • Number of contracts processed 75%
  • Reduction in processing time 33%
  • Accuracy level 50%
  • Reduction in total cost of processing 50%
 

Leverage Merlin's State-of-the-art Features

Quick Searchability
Quick Searchability

Accurately pin-point relevant information from large volumes of contracts by filtering search results based on metadata.

Accurate Reporting
Accurate Reporting

Quickly and accurately read, extract and analyze relevant information from large volumes of contracts. Turn money losing tasks into profit centers.

Prompting timely action
Prompting timely action

By extracting and capturing metadata from contracts, it can then be used to trigger action as required.

Capturing Compliance Status
Capturing Compliance Status

At a glance, have a view of all the relevant vendors and whether they have provided the required documentation.

 
Traditional OCR
TRADITIONAL OCR
VS
MERLIN AI
Merlin AI
 
The Traditional Way
Relies on rule-based definitions and supplier specific templates to provide OCR automation with limited scope for improvement
 
The Autonomous Way
Relies on 19+ years of A.I. experience to create a self-learning tool ensuring high accuracy and fast paced improvement
 
RULE BASED
Low scope for accuracy improvement due to rule-based training model
 
A.I. BASED
Fast paced accuracy improvement with cutting-edge A.I. usage
 
LIMITED OUTPUT
Low accuracy for line item information
 
HIGH COVERAGE
High accuracy for both header level, line level and 'wrapped text' information and able to work with different forms of input
 
TEMPLATE DEPENDENT
Follows a fixed template structure per contract, and fails to extract accurately even for slight changes
 
SIGNATURE SPECIFIC
Merlin uses unique identifiers to learn beyond templates, verbiages and data positions to handle template variations
 

Automate Contract Processing
with intelligent data capture: