Lingotek has been translating and comparing files on our cloud-based Translation Network for nearly ten years. The Lingotek platform is built on a unique combination of Natural Language Processing (NLP) and Machine Learning (ML) technologies to identify and compare terms and concepts. The cloud-based platform has been trained and tuned through the analysis of over 500,000 documents to provide the highest degrees of accuracy and speed. DocCompare uses a comprehensive network of workflows, memories vaults, glossaries, and terminologies that can extract contractual terms, clauses, and provisions for contract discovery and contract analytics.
DocCompare is based in the cloud. It can extract large amounts of data and scale to any project size on the fly. It can “learn” an organization’s specific terminology, business models, and legal language to provide a rich analytics platform for an entire portfolio of contracts. The output of DocCompare is a comprehensive index of all contract data that can be searched, sorted, reviewed, compared, and integrated with business systems such as ERP, CRM, Contract Lifecycle Management, and many others.
DocCompare intelligence is immediate, accurate, and actionable. You can even compare multilingual contracts that have been previously translated. Once contracts within an organization are uploaded, they are placed into a centralized database with advanced search engine functionality for review and further processing. Lingotek can also perform Entity Extraction across portfolios of contracts, even across languages. This means organizations can quickly extract discrete data points such as dates, durations, percentages, etc., and insert them into our reporting tool or load them into other business applications to get a very clear and precise picture of contract “hot spots.”
Backed by Amazon Web Services, Lingotek’s cloud-based technology is designed to deliver exceptional security.
Lingotek’s analytics capabilities empower customers to teach and refine the DocCompare platform based on language, specialized terms, business-specific provisions, and contextual rules from their own contract portfolios. Users can create custom extraction policies that discover, extract, and warn on contractual terms and clause combinations of specific interest to their business. It also retains that intelligence for ongoing contract analysis.
DocCompare provides pre-built modules to exchange contract data with Contract Lifecycle Management (CLM) systems and leading Client Relationship Management (CRM) systems. This means organizations can maximize the value of those systems that consume and utilize contract information during an initial migration and for ongoing analysis.
DocCompare can save several man hours and decrease your error rate by directing your professional review team to hot-spot areas. Increase efficiency by skipping review of sections that have not changed. This allows your teams to miss less and to focus on the most important content using our automated tools. DocCompare lets you streamline workflows by automating assignments and notifications. You can modify professional review steps to add more or less, depending on your needs. You can even annotate down to the sentence.
Have a Lingotek representative contact you to help set up your personal DocCompare Solution.
Some reasons why you should choose the Translation Network for your new multilingual project.
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Full-scale translation services in more than 100 languages
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Glossary and style guide development to ensure consistency in terminology
Automated quality assurance
Continuous collaboration with native speakers
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Realtime project monitoring and intelligence
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