What Is AI Contract Analysis?
AI-powered contract analysis refers to the use of artificial intelligence to automatically review, identify risks, and extract information from contracts. Instead of spending hours on manual contract review, intelligent software handles this demanding work in seconds.
With Everwise, you can analyze framework agreements, terms and conditions, and service contracts automatically – freeing your legal department to focus on strategic advice and complex negotiations.
The Risks of Manual Contract Review
Time-Intensive Document Review
The average manual contract review costs 92 minutes per document. With a typical contract volume of 50 documents per month, that's over 70 work hours – time that could be spent on strategic tasks.
Financial Losses from Poor Management
Companies lose 8-9% of their annual revenue due to poor contract management. Missed deadlines, overlooked clauses, and undetected risks cause significant financial damage.
Lost Contracts
71% of companies cannot locate at least 10% of their contracts. This lack of oversight leads to unwanted contract renewals and missed termination deadlines.
How AI Transforms Contract Analysis
Step 1: Upload Contract
Upload contracts via drag & drop – PDFs or Word documents. The AI processes various contract types and formats.
Step 2: Automatic Clause Analysis
Within seconds, the AI recognizes and evaluates:
- Liability provisions and warranty periods
- Termination deadlines and durations
- Price adjustment clauses
- Deviations from your company standards
- Hidden risks and invalid clauses
Step 3: Receive Action Recommendations
The AI color-codes critical passages and provides concrete action recommendations. Your lawyers can focus on the final assessment.
Applications of AI Contract Analysis
Terms & Conditions Review and Risk Analysis
Automatically review terms and conditions for compliance. The AI identifies invalid clauses and flags deviations from your standards.
Framework Agreements and Vendor Management
Keep track of contract durations, termination deadlines, and price adjustment clauses. The AI automatically extracts all relevant dates and prevents unwanted contract renewals.
Due Diligence and M&A Transactions
Analyze hundreds of contracts in hours instead of weeks. In corporate transactions, AI-powered contract analysis reduces review effort by up to 40% and identifies hidden risks.
Security and Privacy with Everwise
When processing confidential contracts, security is critical. That's why we offer:
- GDPR Compliance: All data processing complies with European data protection regulations
- German Servers: Your contracts are stored exclusively in Germany
- 256-bit Encryption: End-to-end encryption for maximum document security
- Contract Law Expertise: The AI was specifically trained on civil code provisions and industry-specific regulations
More AI Solutions for Businesses
Everwise offers additional AI solutions beyond contract analysis:
- AI Tender Management: Automatic analysis of tender documents and procurement
- AI Document Analysis: Automatic processing and information extraction from business documents
Getting Started with Everwise
Implementing AI contract analysis requires no technical expertise. Everwise is designed for legal departments and business users, with an intuitive interface.
Upload a contract you're currently reviewing. Within seconds, you'll see how AI transforms your contract work and gives your team valuable time back for strategic tasks.