CCM provides a configurable solution to read documents, extract key context from those documents and interpret information in a standardized way. It parses relationships among sets of documents and saves results and analysis as structured data.
Cognitive Contract Management is a solution within the Ignite portfolio, the firm’s artificial intelligence platform. KPMG Ignite is one component of KPMG’s intellectual property portfolio that builds on strategic investments in emerging technologies, as well as partnerships with some of the world's leading technology companies, to develop and deploy technology-based solutions to complex business challenges.
“We are delighted that CCM was granted a patent. The patent verifies the value we are offering our clients and is an important addition to our intellectual property portfolio,” said Martin Kaestner, Principal, Advisory, US AI and Data & Analytics Lead.
CCM has prebuilt and customizable components within an end-to-end workflow. Its functionality can be expanded and configured to process electronic contract files, recognizing different patterns in contracts to extract data and automating contract management activities.
CCM learns from subject matter experts and is configured to handle numerous contract types to support the particular objectives of an intelligent contract management approach.
CCM provides an automated, time-saving solution to extract key information from documents. Our clients benefit from CCM solutions through enablement of contract analysis at scale – examining risk, assessing legal compliance, and identifying commercial leakage, among other use cases.
Key items in this patent include:
To obtain more information or to speak with a KPMG expert, contact Melanie Batley.