Problem
Access to critical documents during due diligence processes is essential. Whether you’re on the buy or sell side of a merger or acquisition or any other due diligence process, contracts may contain unknown risks and liabilities. Most organizations do not have complete contract visibility and even if they do, they’re not easily accessible or understood.
Pre-merger preparation and post-merger integration both require the ability to locate, identify and assess all areas of exposure, liability, and risk.
The due diligence process can be stressful, with tight timescales to meet and seemingly ever increasing batches of documents waiting to be repeatedly reviewed, scrutinized and disclosed. In most cases, extracting key contractual information from these documents is a manual exercise, involving expensive resource such as Merger & Acquisition (M&A) service teams including legal, financial and other specialist consultants. Increasingly, clients are demanding shorter transaction times to drive better deal returns at a reduced cost.
Solution
Seal Software’s innovative Contract Discovery and Analytics solution will enhance the deal for all parties. Our unique solution locates and identifies contracts within an enterprise; enabling legal and finance teams to identify risk, shorten deal times and save money. Seal quickly and accurately locates contract documents, automatically extracts key contract terms and clauses and presents them in a searchable and easy to access format for further review.
Contracts are analyzed, providing the clear and comprehensive reporting and analysis upon which informed decisions can be made. Contracts and the extracted data can then be managed in Seal or migrated to another system for future use or further analysis.
Seal can continue to monitor for new contracts, alerting users of changes being made or new contracts being executed.
Seal can be deployed and operational in a matter of minutes and producing results in just hours, processing potentially tens of thousands of contracts and related documents. Consequently, the payback can be rapid, accelerating the due diligence process by reducing cost and time spent in what are traditionally manual-based and time-intensive projects.
