As the scale of enterprises expands, the number of contracts proliferates. Contract texts are complex, involving legal, commercial and technical terms, and the extraction of key information is time-consuming and error-prone. At the same time, enterprises have increased the standardization requirements for contract management, and need to strictly control each link to ensure contract legality and compliance, which is crucial to the sound operation of enterprises.

To address these challenges, Sinosecu has launched the “Sinosecu Contract Information Extraction System”, which helps enterprises automate and automate contract management and accelerate digital transformation through advanced OCR (Optical Character Recognition) and natural language processing technologies.

Sinosecu Contract Information Extraction System supports multiple types of contract recognition, whether printed, handwritten, or simplified and traditional Chinese characters, it can handle them efficiently, with a single character recognition rate as high as 99.99%, ensuring the accuracy of the extracted information. In addition, it can handle a variety of file formats such as PDF, JPG, PNG and WORD, helping companies to easily deal with different formats of contract documents.

The system can flexibly set the content of the extracted fields according to the customer's needs to meet the diverse contract management needs of enterprises. Whether it is the contract amount, the date of signing, or the details of the contract terms, the extraction can be customized according to the requirements. Through these automated operations, enterprises can significantly reduce the time spent on manual entry and review, and improve the efficiency of contract management.

In order to better integrate into an enterprise's existing management system, Sinosecu Contract Information Extraction System provides a standardized API interface that can seamlessly interface with an enterprise's OA system and contract management system. With fast recognition speed and high accuracy, it easily realizes automated contract management, reduces manual intervention, and ensures compliance and consistency of information processing.

Government Procurement and Bidding Supplier and Product Information Extraction: In the process of government procurement and bidding, the system is able to automatically extract supplier, product and price information in the contract to provide support for procurement and bidding decisions.

Risk Early Warning and Monitoring: By extracting and analyzing the key information in the contract, the system can detect potential risks, such as price anomalies, supplier qualification problems, etc., in time to enhance the fairness and transparency of procurement and bidding.

Contract Information Extraction for Enterprise Business Contract Management: The system can automatically extract key information from business contracts, such as contract parties, amount, signing time, payment method and default responsibility. This information is crucial for business decision-making, contract management and risk control.

Compliance check: Help legal staff check the completeness of the contract, the consistency of the upper and lower case amounts, and the legitimacy of the signing subject, etc., to ensure that the contract complies with the relevant laws and regulations as well as internal regulations.

Financial risk control in the financial industry: In the financial industry, contract extraction technology can be used to identify and analyze key information in loan contracts, insurance contracts, etc., to help financial institutions assess risks and formulate credit policies, etc. Contract Comparison and Audit: In the process of loan issuance, insurance claims, etc., contract extraction technology can be used to quickly compare the contents of contracts to ensure the accuracy and compliance of contracts.

The digital transformation of contract management has become a major trend, Sinosecu contract information extraction system through intelligent information extraction and system integration, to help enterprises easily cope with massive contract processing tasks, significantly improve operational efficiency.