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Zug, Sep 23, 2020: Framesoft Data Insight (FDI) is the universal data platform analysis & reporting tool across all internal or external platforms (Cloud).

FDI allows the unification, integration, analysis & reporting as well as sharing of previously siloed data in a single secure environment. Furthermore, FDI supports you to make data driven decisions and helps you to manage data instead of infrastructure.

In the current climate of uncertainty and extraordinary rapid developments, decisions need to be made in real-time. 

To support the decision-making process under time-pressure, available high-volume data from different internal & external sources needs to be transformed into actionable information. FDI connects to any of your Framesoft applications as well as any other internal or external (cloud based) applications directly, retrieves the data and can be used to support your decision process in real-time. Data retrieved from any source is automatically transformed into business views and made available in FDI. Business views (from all sources) can be connected in FDI via joins which support navigating through your data universe and extracting the deepest insight from your data.     

FDI has been built to deal with huge amounts of raw data by using highly sophisticated data compression methods to deliver the data to your fingertips and transform it into actionable business intelligence and analytics instantly.

In summary, FDI offers the following:

  • Ad-hoc real-time analysis of very large amounts of data using caching and compression technology
  • Intuitive access to complex data models
  • All the power of Standard Query Language (SQL) in a graphical user interface
  • Integration of various internal / external data sources in a single reporting tool

Get in contact with us for an online FDI demonstration at This email address is being protected from spambots. You need JavaScript enabled to view it. or visit our website at www.framesoft.com.

 

 

 

 

Zug, July 31, 2020: Framesoft announces the rollout of the "Central Counterparty Interface (CCI)" 1.0 a Framesoft Contract Repository (FCR) add-on in August 2020.

The "Central Counterparty Interface (CCI)" add-on extends FCR capabilities regarding counterparty updates and the handling of new counterparties and will offer the following functionalities:

  • Management of actions defined based on updates received from a central counterparty system or counterparty information received based on FCR requests (e.g. request for a new master agreement)
  • Non-Netting related Counterparty updates will be applied automatically and the respective FCR users will be informed
  • Counterparty updates which would have a netting implication could also be performed automatically preserving netting relevant details, such as “Form of Organization”. FCR users will be informed and an approval to perform such updates is required.
  • Provision of CCI related FCR Screen extensions
  • Provision of new CCI Screens in FCR

CCI

CCI can be adopted to the client specific information exchange type preferred in exchanging information between FCR and the client's central counterparty system (e.g. Web Service, REST, Queue, Batch).

CCI will be offered to FCR clients on basis of an annual license usage fee add-on. 

Get in contact with us at This email address is being protected from spambots. You need JavaScript enabled to view it. to receive more information regarding CCI.

 

 

Zug, July 31, 2020: Provision of „FCR Agreement API“

Framesoft will further extend the possibilities of creating / updating agreements stored in Framesoft Contract Repository (FCR) via “FCR Agreement Application Programming Interface (API)” planned to be rolled out in in Q4-2020.

“FCR Agreement API” 1.0 will support an externally triggered upload of agreement(s) or Annex(es) in FCR including:

  • Creation of agreement / annex record(s) in FCR
  • Assignment of Underlying Principles (UPs)
  • Assignment of Branches on Bank and Counterparty side
  • Follow up & Comments
  • Counterparty Properties (Form of Organization (FoO)) Netting Flags
  • UP Properties (FoO) Netting Flags
  • Product Coverage details of agreement
  • Product Coverage details of UPs
  • Amendments
  • Agreement Data Points (First Level Clauses) including 
    • Single Choice fields
    • Multiple Choice field,
    • Text Fields
    • Text Areas
    • Dropdown Lists

The FCR Agreement API will be provided as REST API. Furthermore, a “FCR Interface Health Status” component will be provided in FCR as part of the API offering the following information:

  • List of all requests received
  • View a request status
  • View reason(s) for non-accepting a request

The FCR Agreement API will be offered will be offered to FCR clients on basis of an annual license usage fee add-on. 

Get in contact with us at This email address is being protected from spambots. You need JavaScript enabled to view it. to receive more information regarding the FCR Agreement API.

 

 

Zug, July 21, 2020: Framesoft revealed its new Artificial Intelligence (AI) & machine learning (ML) module Framesoft Document Intelligence (FAI).

Framesoft Document Intelligence (FAI) is bringing natural / legal language processing & modern artificial intelligence methods to documents. Applying modern computational and artificial intelligence methods to documents / agreements and templates can provide unprecedented insights into individual documents and contracts as well as into a document library.

AI applied to Docs

Framesoft Document Intelligence (FAI) Tools

1. Document Processing

Framesoft Document Intelligence based Document processing starts with the import of the documents, which is then converted into text using modules like file-format converters & OCR. The text is processed by an NLP-chain, analyzing & annotating the linguistic structure & semantic content. To improve this process, user feedback can be gathered for these intermediate results and used for training or tuning of the NLP-chain’s components.

2. Natural Language Processing

Natural Language Processing (NLP) chains analyze the documents in several steps, including tokenization, sentence splitting, grammatical structure analysis and named entity recognition. These steps provide the grammatical structure & semantic analysis of the text. The results are then converted into a standardized format for further processing.

3. Inference

Inference modules are used to derive applicable insights from the Natural Language Processing results. This includes the application of modules like cluster analysis, rule-engines or neural network-based qualifiers, leading to insights about the document. Feedback on these results can be used to improve the inference modules by further training or improving their configuration.

4. Status and Insight Database

To allow reporting & further processing, for each document or document-part details are stored about what modules, versions & training-states they have been exposed to. Furthermore, the derived insights are also stored so they can later be queried and used for comparative inference mechanisms.

5. Confidence Evaluation and Reporting

Where a module provides a measure of confidence, this is stored with the results, available in queries and APIs, and reported to the end-user.

6. Machine Learning (ML)

Ongoing training is a part of the operational workflow.

 

Framesoft Document Intelligence (FAI) Use Cases

FAI Use Cases

Uses cases for Framesoft Document Intelligence (FAI) are:

  • Clause determination & separation

Scan a (re-)migrated document (e.g. agreement) and separate the contract into meaningful clauses.

  • Clause Compare

Compare the identified clauses of a migrated document against your clauses in your clause library.

  • Clause Compliance, Classifications & Categorizations

Check migrated documents regarding compliance to specific policies based on semantic rules. Classify documents into (risk) / sub-types using clustering algorithms & find comparable clauses in similar type of documents.

  • Document (Contract) data point recognition

Key data-points and substantial data items such as relevant dates, involved parties, numbers and ratios for specific entities & specific relations like liabilities, governing law etc. can be extracted from the text & reconciled with the application FAI is integrated with, e.g. FCR.

Framesoft Document Intelligence (FAI) can be integrated with any Framesoft solution such as e.g. Framesoft Contract Repository (FCR) and offers the opportunity of automating or augmenting decision-making tasks in real time, more accurately using more facts contained in documents.

Get in contact with us or receive more information regarding Framesoft Document Intelligence (FAI).

 

 

 

 

Zug, July 13, 2020: Framesoft Online Negotiation for Master Agreements (FON for MA) and Framesoft Data Insight (FDI) fully integrated in Framesoft Contract Repository (FCR)

 FCR Integration

This integration now supports the integrated agreement request, creation, (internal) review & negotiation with counterparties as well as lifecycle management of any master agreement in FCR as follow:

1. Automatic Draft Document Generation embedded in workflow, e.g. Agreement Request Workflow

2. Structured Agreement Document Assembly via "Contract Template Management"

Dynamical creation of any type of agreement documents. Such creation is based on the flexible online configuration of a “Master” document and its individual components such as

    • sub-documents (Master Agreement, Schedule, Annex),
    • sections and
    • Terms (clauses / clause alternatives) based on an atomized clause library.

3. Document centered Master Agreement Review & Negotiation Workflow

Conduct the internal review and external agreement negotiation of such automatically generated Agreement Draft Documents with your counterparty via FON for MA integrated into FCR directly. During these processes FON for MA takes care of:

    • “Merge Handling“ of updates pushed into a currently reviewed agreement by
      • new standard clause versions,
      • non-standard clauses approved
      • data point updates or
      • individual update of clause text in the reviewed / negotiated document
    • Automated generation of new agreements / amendments triggered by a standard clause update (if required)
    • Automated generation of new agreement / amendment triggered by a data point update

In addition, FON for MA has been extended by a messaging component which lists all activities performed and allows a direct communication (chat) between the different parties involved.

4. Integration with 3rd party agreements

In case the agreement shall be based on a 3rd party document, the FCR agreement request could be conducted and the 3rd party template can be imported into FCR (via FON for MA).

Once the import is concluded, the following actions are supported:

    1. Automated recognition of agreement clauses
    2. Artificial Intelligence (AI) based „Clause Compare“ against the FCR „Clause Library“
    3. Evaluation of Match Probability

5. Framesoft Document Intelligence

The Framesoft AI module "Framesoft Document Intelligence" can be integrated with FCR supporting 

    • (Agreement) clause evaluations,
    • Clause categorizations and classification
    • data point detection / extraction / reconciliation

6. Reporting & Analysis

For agreement lifecycle management purposes an extended Template Repository Search (Clause Search) is offered for

    • searching for any expression within the clause template repository or signed contracts
    • searching for generated agreements based on a selected clause
    • searching for generated agreements based on selected (Sub-) documents / sections / clause configurations
    • clause versions and its usage in generated agreements
    • what if analysis – how many generated agreements would be affected by a clause update  

Framesoft Data Insight (FDI) has also been integrated into the FCR client for these functionalities. Furthermore, FDI can be used for efficiently generating reports visualize the contents of  feeds. FDI has also been enhanced by extending the drill-down and up functionalities now supporting multiple levels. 

Get in contact with us for an online demonstration of the FCR integration and its exceptional possibilities.