371: Contract Discovery Incorporating AI & Natural Language Processing
Seal Software is the leading provider of contract discovery and analytics. Seal enables companies around the world to manage their contract portfolio by understanding exactly where their contracts are and what is buried within them, maximizing revenue opportunities, mitigating risk, and reducing expenses.
Having a clear vision of your contractual relationships is critical. Knowing the risks, obligations, and opportunities with third parties is required for dealing with business, legal, or regulatory changes. This visibility is also a valuable and untapped source of intelligence for improving overall business performance.
Incorporating artificial intelligence and natural language processing, Seal’s contract discovery and analytics platform automates the discovery of contracts across the enterprise and brings them into a centralized repository for extracting all of the valuable terms, provisions, and clauses buried in the text.
Seal’s Contract Discovery addresses compelling pain points within all enterprises: how to find contracts, extract clauses, render them for easy review, and populate corporate repositories – CRM, CLM, ERP, SRM – with contract data.The company has processed more than 50 million contracts over the last five years. Customers include Aetna, Deloitte, Docusign, Kaiser Permanente and Merck, and many Fortune 500 companies.
Seal’s CEO Ulf Zetterberger talks about how AI is advancing content analytics, and how the Seal platform’s benefits of improved efficiencies & cost savings.
Ulf co-founded Seal Software in 2010 and drives the company’s overall strategy and execution. As a serial entrepreneur, Ulf is passionate about innovation and growth, and is driven by and committed to a strong customer-first culture. Prior to Seal, Ulf held senior executive positions at companies like OpenText, Legato, EMC, Kazeon and Proact. Ulf studied Economics at Stockholm University.
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