ContractGPT - Enterprise Contract Data Extraction
AI-powered contract analysis system for Medtronic, extracting critical data points from complex medical device agreements with 95% accuracy. Scaled to process thousands of contracts monthly.
Technologies Used
Key Features
Overview
Led the development of ContractGPT, an enterprise-scale AI solution for Medtronic’s contract management division. This system revolutionized how the company processes and analyzes thousands of medical device contracts, reducing manual review time by 80% while improving accuracy.
Challenge
Medtronic’s legal and procurement teams were spending thousands of hours manually reviewing complex medical device contracts to extract critical data points including pricing terms, delivery schedules, warranty conditions, and compliance requirements. The manual process was error-prone and created bottlenecks in the procurement pipeline.
Solution
Developed a comprehensive AI-powered contract analysis platform that:
- Automatically extracts and validates 50+ critical data points from contracts
- Handles various contract formats including PDFs, Word documents, and scanned images
- Provides real-time insights through an intuitive dashboard
- Integrates seamlessly with existing enterprise systems
Technical Implementation
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Impact
- 80% reduction in contract review time
- 95% accuracy in data extraction
- $2M+ annual savings in operational costs
- 3x faster contract turnaround time
Technologies Used
The solution leverages cutting-edge AI technologies combined with enterprise-grade infrastructure to deliver reliable, scalable results in a highly regulated environment.