BrightLeaf Solutions Unveils the Upgraded Version of its Contract Abstraction Software

By CIOReview | Friday, September 25, 2015

BROOKLINE, MA: BrightLeaf Solutions, provider of data mining solutions, in alliance with Nihilent Solutions, a consulting and solutions integration company, launches the new version 2.0 of their Automated Contract Abstraction Software – an engine for data mining of important data from legal documents.

Automated Contract Abstraction is a service that automates the entire process of abstracting information from all the contacts of the user. It eliminates the need for lawyers or firms to spend time in finding the key provisions, and providing them with the information they need.  According to the customized rules of each client, the tool identifies and extracts all terms and provisions from execution contracts and associated documents.

The new version 2.0 of the Contract Abstraction Software includes advanced artificial intelligence, machine algorithms, additional workflow and streamlined quality control. The new version will deliver contract metadata at high quality and decrease manual interference simultaneously.

“This is a very exciting project for our team and highlights Nihilent’s cutting-edge development services. We enjoy the close collaboration with Brightleaf to provide a natural language processing solution which takes advantage of Nihilent’s extensive experience with machine learning and heuristic algorithm techniques,” says  Abhay Ghate, CTO, Nihilent.