DExTr Powered Contract Review and Compliance

A leading regional bank in USA, struggled with manual extraction and verification of critical legal terms, leading to inefficiencies and compliance risk.

Case Summary

Our DExTr platform automated the extraction and organization of key clauses across contracts and related documents. This enabled faster validation, improved audit readiness, and end-to-end traceability to source documents.

The Challenge

Our customer experienced operational and compliance challenges in managing legal documents, including:
• Manual Effort: Extracting and verifying key terms, clauses, and obligations requires substantial manual work.
• Compliance Risks: Manual Human processing resulted in errors causing non compliance risks. Volumetrics
• 3000 legal documents ( SoWs, MSAs, Procurement contracts)
• ~30 pages / document and 93 contracting standards to be matched

SLK Solution

With SLK’s DExTr solution, client was able to:
• Automatically extract critical fields such as payment terms, liabilities, confidentiality clauses, and key dates from MSAs, Sales Orders, SOWs, and Addendums.
• Organize extracted data for efficient validation and auditing.
• Ensure traceability by linking extracted data directly back to the original document sources.

Business Outcomes

With SLK’s support, the client achieved:

80%

Faster Document Extraction

50%

Reduced Headcount

95%

Accuracy & Reduced Cost

>90%

Reduction in Processing time