Gatekeeper, the leading Vendor and Contract Lifecycle Management
(VCLM) platform has announced a significant advancement in its AI
capabilities for contract data extraction. Building on its existing
partnership with OpenAI, which has already delivered AI-generated
Contract Summaries, Gatekeeper will now enhance its AI Extract
service.
LONDON, May 23, 2024
/PRNewswire-PRWeb/ -- Gatekeeper, the leading Vendor and Contract
Lifecycle Management (VCLM) platform has announced a significant
advancement in its AI capabilities for contract data
extraction.
"With this breakthrough, our customers can transform their
contract processing, receiving comprehensive data extraction almost
instantly. This allows for faster, more informed decision-making
and risk mitigation, all while ensuring unparalleled accuracy and
efficiency in their operations."
Building on its existing partnership with OpenAI, which has
already delivered AI-generated Contract Summaries, Gatekeeper will
now enhance its AI Extract service.
This new release will speed up the contract digitisation
process, with comprehensive data extraction from contract records.
Gatekeeper's domain expertise, combined with OpenAI's innovative
technologies, allows customers to automate data extraction, reduce
manual errors, and gain deeper insights into their contractual
obligations and opportunities.
"By harnessing the cutting-edge capabilities of OpenAI's GPT-4o,
we are enhancing our AI Extract service," says Sam Pavitt, Head of Product. "We are
revolutionising vendor and contract lifecycle management. With this
breakthrough, our customers can transform their contract
processing, receiving comprehensive data extraction almost
instantly. This allows for faster, more informed decision-making
and risk mitigation, all while ensuring unparalleled accuracy and
efficiency in their operations."
The new AI Extract service leveraging GPT-4o is available now
under a managed service model. In the coming months, it will be
seamlessly integrated into the platform, empowering customers to
individually train and extract custom data, opening up new horizons
for personalised and efficient contract management.
About Gatekeeper
Gatekeeper is a Vendor & Contract Management (VCLM)
platform, which helps customers manage their contracts and vendors
through their full lifecycle.
By centralising all contract and vendor information into
Gatekeeper, customers benefit from clear visibility of their
contract and vendor data; time savings with the ability to securely
delegate access to relevant internal and external information;
advanced automation tools which can be used for simple tasks such
as timely renewal reminders right through to complex, fully
digitised business processes; enhanced compliance and significant
resource savings as a result of deploying Gatekeeper's AI and
automation tools.
Media Contact
Ian Bryce, Gatekeeper, 44 800
0293 227, ian.b@gatekeeperhq.com
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SOURCE Gatekeeper