Use GPT to extract relevant clauses, provisions, and legal language from contracts. Review and analyze key data points to identify any potential risks.
The implementation can be done using RPA & IDP to extract data from the contract and feed it into the GPT algorithm.
When implementing, be cognizant of inaccuracies in GPT analysis and nuances in legal language. Teams must double check the information before being used.
Benefits include reduced time and effort required for manual review and improved accuracy in identifying relevant contract provisions.