Genpact Contract Assistant
Genpact Contract Assistant processes unstructured and semi-structured content from disparate data sources. It can review documents for information, creating structured contract data for upload to any enterprise system as needed, enabling a truly touchless process from end to end. Contract Assistant is powered by Genpact Cora, our AI-based platform that accelerates digital transformation for enterprises.
Contract Assistant opens the door to intelligent automation of over 80% of life sciences contracting processes, to deliver 100% compliance with rapid denial resolution via touchless and accurate price data management. The solution utilizes optical character recognition (OCR) and an extraction engine equipped with natural language processing (NLP) and ontologies to extract, normalize, reconcile, and enter data into the enterprise contract management platform, and discloses fallout with data correction notifications.
The embedded compliance capability performs multiple validations against unstructured data sources using fuzzy logic techniques to ensure claims are accurate and valid. The outputs from the system can then be posted to the relevant financial systems through robotic process automation (RPA) to automate credit and re-bill activities.