What's the difference between OCR and AI?

ContractSafe uses Optical Character Recognition (OCR) to extract the text from scans so that all your contracts are full text searchable. This makes it easy to find contracts (and provisions within contracts) with Google-like key word searching. 

Our AI tool, called [AI]ssistant, takes this one step further. It reviews each contract when uploaded (using the OCR results) and automatically pulls out the contract name, party names, effective date, termination date, and whether it has an auto renew contract. This key information is presented to you for acceptance, which means you don't need to manually find and enter this information from the contract. We will be expanding [AI]ssistant to add more terms so it gets even easier to add new contracts to your account. For easy reference, here's a one page description of ContractSafe [AI]ssistant.