Contracts are packed with legalese. And yet, buried beneath all that wording is pure gold—renewal dates, payment terms, SLAs, and obligations that could save (or cost) your company thousands. The problem? Most businesses treat contracts like ancient scrolls locked in a vault, forcing some poor soul to manually dig through them with a metaphorical magnifying glass.
When you treat these documents like static files, you bury valuable data in PDFs, Word docs, or scanned pages. Legal and operations teams waste hours manually hunting for clauses, copying dates, and typing data into spreadsheets. Not only is this process slow, but it’s also error-prone and risky.
The Problem: Contracts as Data Graveyards
Companies deal with contracts in all shapes and sizes—vendor agreements, NDAs, leases, and customer MSAs. But extracting usable data from them is a nightmare. Someone must:
- Open each file
- Search for key terms like “termination date” or “SLA”
- Copy-paste values into trackers
- Hope no typos slip through
This manual grind is unsustainable, especially when deadlines loom or compliance audits arise. Missed renewals, incorrect payment terms, or overlooked obligations can cost thousands—or worse, legal headaches. Miss a clause? Unexpected auto-renewal. Misread a number?Overpayment. And if you think this doesn’t happen, ask the manager that approved $ 620,000 to be paid instead of 62,000 because an intern missed a decimal.
What You Should Be Extracting
Contracts are packed with structured data that could—and should—be flowing straight into your systems. Here’s what businesses automate to save time and reduce risk:
- Party names: Identify clients/vendors instantly.
- Dates: Track effective dates, terminations, and renewals.
- Financial terms: Capture contract values and payment terms for ERP integration.
- Obligations: Monitor SLAs or penalties for compliance.
Imagine this data flowing directly into your CRM, ERP, or Slack—no manual entry required.
The Solution: Treat Contracts Like Data
You could keep doing things the old-fashioned way—hiring an intern to manually sift through contracts while slowly losing the will to live. Or, you could treat contracts like what they are: data. So you’re probably thinking “I’m gonna get some OCR and goodbye troubles”. And well… maybe. And no. Sure, you could use a basic OCR tool to extract text from contracts. But let’s be real—generic OCR is like Google Translate for legal docs. It might kind of work, but you wouldn’t trust it with your business.
Generic OCR tools fall short because they’re not built for contracts. They lack context for clauses, can’t validate fields, and require coding for workflows. That’s where PROCESIO shines.
Why PROCESIO?
PROCESIO is a no-code platform designed that integrates with AI and:
- Extracts intelligently: Uses templates, NLP, or rules to pull data from messy files.
- Validates: Ensures dates, amounts, and clauses are correct (e.g., flags missing SLAs).
- Integrates: Sends data to SharePoint, CRMs, or Slack automatically.
- Triggers actions: Alerts teams about renewals or missing clauses.
Real-World Impact
PROCESIO can easily:
- Extract renewal dates and values from PDFs.
- Log data automatically
- Send multichannel alerts 60 days before expiration.
- Set an action point for
Result? They cut manual work by 90% and eliminated overlooked contracts.
Stop Wasting Time Digging for Data
Contracts shouldn’t be black boxes. With tools like PROCESIO, you can turn them into structured, actionable data—automating workflows, reducing risk, and freeing teams to focus on strategy, not busywork.
The future of contract management isn’t reading—it’s extracting.
Ready to mine your goldmine?
