You turn to Accordion.
We partner with your team to develop an AI-powered contract analytics tool using OpenAI’s GPT models to analyze contracts for user-defined pricing metrics—empowering the company to identify price adjustments that drive revenue. We:
- Design and develop an intuitive interface to extract and query pricing insights from ~50,000 complex customer contracts.
- Enable organized storage and retrieval of pricing data with multiple contract-type folders, ensuring scalability and flexibility.
- Incorporate OCR technology to process diverse contract formats across products, divisions, and geographies for thorough analysis.
- Provide user-defined metrics to customize key pricing elements like price increases, terms, and notice periods for accuracy and relevance.
- Integrate a chat interface with Azure Open AI and Advanced RAG for in-depth contract analysis.
- Implement secure access controls with user- and role-based permissions for protected contract sharing.
- Build user engagement features, including searchable chat history, custom instructions, metric guides, folder management, and user feedback.
Your value is enhanced.
You now have an automated and agile contract analytics tool that:
- Saves you $10M by reducing time spent on manual data interpretation, validation, and scrutiny of complex clauses.
- Strengthens data security with ring-fencing measures.
- Achieves ~95% accuracy for key metrics, streamlining decision-making and enhancing compliance of pricing clauses/terms by providing reliable and precise information quickly and efficiently.
- Optimizes revenue strategies by identifying pricing opportunities and inconsistencies across customer contracts, allowing for proactive adjustments that align with business objectives and maximize profitability.