Contract Management and Analytics

Scio's Contract Management and Analytics Systems automatically capture the content and meaning of contracts directly from written documents.  Scio’s most striking characteristic is its ability to automatically read and comprehend the meaning of English text as written in contracts. The system automatically summarizes, abstracts, analyzes and monitors contract terms.

As the number of contracts a typical company enters into grows rapidly, so does the pressure on companies to manage them, from both operational and regulatory compliance aspects (SOX and others).

All other contract management IT tools use data that is manually extracted from contracts, capturing only a portion of the relevant information: the more complex a contract, the less useful these systems become. Moreover, extracting contract information into these tools is painfully laborious, costly and time consuming.

Scio’s System offers tools that capture and represent the full meaning of all the relevant terms and logic of contracts, providing friendly, intuitive and easy-to-use access to the content regardless of wording, style or format. Scio also provides a set of diversified powerful contract analytics – not only what contracts state but also what they imply. Moreover, loading contracts into Scio’s Systems is automatic.

Scio’s Systems can also complement existing systems when configured for automatic abstraction and loading of existing and new contracts into operational systems like ERP, Financial, Document Management and other Contract Management software systems.