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How MIA Contract Lawyers is using contract pre-screening to help firms maximise profits

6 Aug 2019

by David

Extracting the critical data from contracts that makes companies money.

Contracts contain huge amounts of critical information, such as execution dates, expiration dates, and pricing algorithms.

But manually extracting all this data is a time-consuming task, which can cost companies money if not processed with the appropriate speed and diligence.

Watch our short video with Martin Algie, Principal at MIA Contract Lawyers, as he explains how he wanted to find an automated solution that could identify essential data at scale and pace, and allow companies to make more money from their contracts.

MIA uses ThoughtRiver’s automated contract pre-screening technology to quickly and accurately extract the contract information that is most important to businesses.

By working in partnership with ThoughtRiver they can develop bespoke use cases of the system and train it to answer relevant questions as required. 

MIA’s partnership with ThoughtRiver delivers a wide range of benefits to its business:

Information is shared with key stakeholders in real-time.

Boutique firms can develop new services and revenue streams.

Data is identified and relevant actions taken with maximum efficiency.

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