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Zug, Switzerland – Feb 27, 2024
Framesoft is thrilled to announce the upcoming launch of its latest groundbreaking technology, Framesoft Document Intelligence (FAI) later in 2024. This state-of-the-art artificial intelligence platform is set to revolutionize the field of contract management, offering unparalleled efficiency, accuracy, and insights.
FAI will leverage advanced machine learning algorithms and natural language processing to automate and enhance the entire lifecycle of contract management. From creation and negotiation to compliance and analysis, FAI will streamline operations, reduces errors, and provides actionable insights, thereby significantly improving productivity and strategic decision-making.
Key Features
1. Document Digitalization & Text Extraction
Optical Character Recognition (OCR) technology is used to digitize physical documents or parse digital formats. Preprocessing techniques improve the quality of text extraction and handling issues
2. Understanding Contracts
FAI analyses the semantics of the text to understand the context and meaning of clauses within agreements. This involves parsing legal language, identifying definitions, obligations, rights, and conditions.
3. Data Extraction
FAI will be trained on legal documents extract essential data points from agreements, such as termination events, collateral arrangements, and netting provisions
4. Agreement Identification
Based on the data extraction FAI checks if the agreement already exist in FCR. If so, the agreement data items stored in FCR will be compared with the clauses extracted from the document. If the agreement does not exist a new agreement is created. FAI can detect and flag anomalies or differences between the contract document and FCR repository data items, prioritizing them based on predefined rules or their potential impact.
5. Reconciliation
FAI compares extracted data items from agreements with clauses / data items stored in Framesoft Contract Repository (FCR). This involves matching contract terms, parties, and conditions to identify discrepancies or inconsistencies. The results will be presented in FCR Compare screens and can be applied or rejected.
6. Continuous Learning and Improvement
As FAI is exposed to more contracts and reconciliation tasks, it learns from corrections and feedback, further improving its accuracy and efficiency over time. Additionally, FAI offers a chatbot to place user inquiries and provide accurate and nuanced responses.
7. Workflow Automation
Automated workflows are established where FAI triggers actions based on analysis outcomes, such as updating records, generating compliance reports, or initiating review processes.
Transforming Contract Management with AI-Powered Efficiency
Framesoft Document Intelligence (FAI) is more than just a tool; it is a transformative solution designed for any organization that deals with contracts regularly. FAI offers significant advantages, making contract management more efficient, secure, and strategic.
Embrace the Future of Contract Management with Framesoft Document Intelligence (FAI)
For more information about Framesoft Document Intelligence (FAI) or to request a demo, please contact us at via e-Mail
Join us in ushering in a new era of contract management. With Framesoft Document Intelligence, your organization can look forward to a future where contract management is not just a necessity but a strategic advantage.
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Zug, Feb 6, 2024: Framesoft is thrilled to announce the release of Framesoft High Availability (FHA) later this year.
Framesoft High Availability (FHA) will ensure operational and accessible Framesoft solutions with minimal downtime, critical for preventing operational disruptions, financial losses, or safety risks. FHA employs redundancy to eliminate single points of failure, utilizing redundant components that seamlessly take over during failures. This strategy includes spreading service components across various locations to reduce the risk of localized failures affecting the entire system.
Redundancy is a key component of Framesoft High Availability (FHA), ensuring that there are no single points of failure. This is achieved through redundant components which can take over operations in the event of a failure. Failover mechanisms automatically switch to a redundant or standby component upon the failure of a primary component, ensuring continuity of service.
Framesoft High Availability (FHA) spread out the components of a service across multiple physical and / or logical locations to mitigate the risk of a localized event causing total system failure as outlined below.
For more information, please refer to the Framesoft High Availability (FHA) 1-Pager below or get in contact with us at
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Zug, Jan 30, 2024: Framesoft is delighted to announce the successful integration of Framesoft Document Assembly (FDA) by a prominent European Financial Institution, now employed as the universal contract template assembly tool within the Framesoft Contract Repository (FCR). This integration marks the completion of the initial setup of clauses and prioritized contract type templates in FDA, seamlessly connected to the contract request workflow. This pivotal link ensures the efficient generation of contracts in the "Produce First Draft" task.
The FDA significantly enhances the efficiency of the document template creation process. It enables a flexible and intuitive online configuration of "Contract Templates" and their constituent components, such as documents, sections, and clauses.
Each component, once created within the Document Assembly module, can be utilized across multiple contract templates, fostering consistency and efficiency. Subsequent updates to any document template component are meticulously managed, with each alteration leading to the creation of a new version. This rigorous version control ensures that all previous iterations remain accessible for audit purposes, thus maintaining a comprehensive and transparent audit trail.
For more information refer to Framesoft Document Assembly (FDA).
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Zug, Jan 29, 2024: Contract Management - A Strategic Imperative
Elevate your enterprise with Framesoft Contract Management (FCM)! Embrace the power of strategic contract management to turbocharge your operations, bolster financial performance, and slash risks. Dive into the future with FCM, your partner in navigating complex contract landscapes. Discover the FCM difference and revolutionize your contract processes. Step into a new era of efficiency at Framesoft Contract Management.
Transform today, triumph tomorrow!
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Zug, Oct 26, 2023: Framesoft Document Assembly (FDA)
Framesoft announces the release of the new Framesoft Document Assembly (FDA) version.
Framesoft Document Assembly (FDA) is nothing short of a revolutionary tool that is transforming the way organizations create and manage documents.
Using FDA is a game-changing innovation of the document automation strategy via combining automation, data integration, pre-designed template clauses and rules to generate new, tailor-made documents with astonishing speed and accuracy. But the thrills do not end with the document generation. Via workflow automation documents generated are provided for review, approval, e-signatures, and distribution making the process efficient from start to finish.
FDA Components
1. Clause Library
These are not just any clauses; they are often intricate blueprints designed to ensure that each document created conforms to specific stylistic guidelines, legal requirements, and branding elements. Clauses feature placeholders for variable content, making them dynamic and adaptable.
2. Document Template Assembly
By using Framesoft Document Assembly (FDA) clauses can be assembled to new or existing sections, sub-documents, and document templates on the fly. Upon its creation or update any element will be part of an approval process before being released for automated document generation.
3. Database Integration
Framesoft Document Assembly (FDA) can pull information from existing databases to populate fields and / or apply conditional logic.
4. Conditional Logic
This is a set of rules and guidelines that dictate how data is populated into the clause. For example, certain paragraphs or clauses may only appear under specific conditions.
5. Document Generation
Document Templates designed in FDA can be directly used for a document generation as follows:
- Generation integrated in Document Request Workflow
- (Re-) Generation of a manually selected document
- Document generation triggered via API call
- Further document generation actions defined
The corresponding FDA document templates are selected automatically based on a mapping applied (e.g., Product, Agreement Type, Form of Organization & Jurisdiction, place of issuance or any other criteria).
6. Post Generation Editing
When a document is generated it is presented in the document editor (Framesoft Docs) and post generation editing is supported. Any update of a clause will automatically create a new clause “revision number” which is tracked in addition to the template clause version. This allows tracking all
- Clause versions used in the document generation
- Clauses edited upon generation
7. Version Control & Lifecycle Management
Features that track changes, maintain multiple versions, and manage the lifecycle of clauses, templates and documents are included such as e.g.,:
- View all clause & template / document version
- Generated document search
- Clause (version) usage search
- What if analysis – which generated documents would be affected by a potential clause update.
8. Workflow Automation
Advanced workflow functionalities that route the assembled & generated document for review, approval, e-signature, and distribution.
9. Output Formats
Once assembled, documents can be produced in various formats such as PDF, MS Word, or HTML, depending on the requirements.
10. Document Negotiation
Conduct document reviews & negotiations based on generated documents directly via Framesoft Online Negotiation (FON) and being supported in:
- Document negotiation with multiple parties
- Simultaneous document revisions by the parties involved
- Merge Handling - updates directly pushed into a negotiated document in case of new clause versions, data points or individual updates of clauses.
- Automated document generation triggered by clause or data point updates
- Messaging component for direct communication (chat) between the different parties involved
11. Document Archiving
All generated & related documents from drafts to execution copies are stored in a document archive system such as Framesoft Document Management (FDM).
12. Security & Compliance
Security measures such as encryption, access controls, and audit trails to ensure that sensitive data is protected and compliance with relevant regulations is assured are applied.
Framesoft Document Assembly (FDA) is seamlessly integrated into any Framesoft solutions, such as e.g.,
- Framesoft Document Generator (FDG)
- Framesoft Contract Repository (FCR)
- Framesoft Structured Products(FSP)
- Framesoft Confirmation Generator (FCG).
Automation has been in the focus for large institutions, but truly little has been done to effectively target documentation. It is not only about cost and inefficiency, but also about extremely valuable data not being used.
In the upcoming step planned for 2024, Framesoft AI will be integrated to remove the need for manual processes by analysing and structuring data at the onset of any documentation lifecycle. This will speed up information gathering and decision-making processes tremendously.
Stay tuned for more details.
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