Scope of work - The client came to us after they missed a significant date in a lease agreement, resulting in significant financial losses, and asked us to abstract key dates, clauses, options, and other relevant information from a paper contract into data capable of being uploaded to a Contract Management System.
Task performed - Our team abstracted details from various commercial contracts (PDF files) and updated the client’s contract management tool. Our team populated approximately forty fields, including the names of the parties, duration of the contract, key people and payment terms, rendering the files searchable.
Result - Our client increased their operational efficiency while significantly reducing their costs. This repository Contract Management Program will allow our client to meet its contractual obligations and avoid costly penalties.