Donnelley Financial Solutions, Inc. · NYSE:DFIN
Donnelley Financial Solutions — Webinar: A Recent Case Study of How AI improves Contract Analysis (August 2021)
24 slides from Donnelley Financial Solutions's conference presentation, August 2021
Slide 1: Webinar: A Recent Case Study of How AI improves Contract Analysis
Webinar: A Recent Case Study of How AI improves Contract Analysis Hosted by: 1
Slide 2: People, Processes, Tech
PEOPLE PROCESSES TECH
Slide 3: Corporate Legal Departments, Law Firms, Knowledge Partners, Legaltech
CORPORATE LEGAL DEPARTMENTS, LAW FIRMS KNOWLEDGE PARTNERS UNIVERSITY LEGALTECH COLLABORATIONS VENTURES
Slide 4: After the First 3 Years…
AFTER THE FIRST 3 YEARS… CORPORATE LEGAL DEPARTMENTS, LAW FIRMS KNOWLEDGE PARTNERS UNIVERSITY LEGALTECH COLLABORATIONS VENTURES
Slide 5: Panel Speakers
Panel Speakers Nigel Foster David Wineman Adam Nguyen Programme Director Product Manager Co-Founder
Slide 6: Machine Learning & Natural Language Processing
Machine Learning & Natural Language Processing Machine learning & natural language processing, fully functional Legal concepts extracted regardless of specific words used & location in documents Powerful self-training platform leverages eBrevia’s adaptable & scalable “brain” Multi-format exports & m
Slide 7: Representative Clients
| €BREVIA Representative Clients A DFIN Company ‘Capita (inteD THOMSON REUTERS (@) MUFG KOLEYM JESSEN SwanCap 2u US== CONCRETE Baker _ McKenzie. DUFF & PHELPS BakerHostetler FINANCE of AMERICA ~ COMMERCIAL”
Slide 8: Digitisation of Contract Review with AI
Digitisation of Contract Review with AI
Slide 9: Capita plc
Capita plc Company Structure and Size: At a Glance • Headquartered in the UK Founded: 1984 • Business mainly across the UK, but also trading Industry: Business in India, Poland, Ireland, US, Germany, South Process Outsourcing Africa Publicly traded: London • 63,000 Employees Stock Exchange since 199
Slide 10: The Challenge
The Challenge Copy the entirety of the company’s commercial contracts into the one SharePoint as Capita moves from the historic federated model to a new “One Capita” model.
Slide 11: Project Atlas
Project Atlas Main challenges: Goal • Six divisions: Software, People Solutions, The “One Capita” Model, Customer Management, Government Services, introduced by the Technology Solutions, Specialist Services company’s new CEO, has • A major period of acquisition in recent years generated the need to
Slide 12: The Solution
The Solution Rapid scanning of legal contracts with AI-powered contract analytics solution as a key part of the process: eBrevia.
Slide 13: Decision-making
Decision- making Core activities: Selection Process • Evaluating several providers to find the best solution that offered good functionality coupled Finding the right solution with an acceptable cost model to meet the goals and gaining internal support. • Building the case, demonstrating value, and
Slide 14: Implementation
Implementation After selecting eBrevia, it took a short while for the company to find projects that could harness the power of the tool to bring genuine business benefit.
Slide 15: Onboarding
Onboarding Core activities to creating the centralised Change Library in SharePoint: management • Understanding the current working practices of the main stakeholders Leveraging early adopters, training, and establishing • Acknowledging where they had misgivings new practices. and the underlying rea
Slide 16: The Impact
The Impact We estimate that by automating the key elements of Project Atlas, Capita has saved approx. £228,800 in labour costs (4,260 hours).
Slide 17: Results
Results Impact to date: Success Metrics • Capita’s first centralised library of live Without the robust savings contracts for Group Commercial in in labour hours, there SharePoint (also some continued usage by simply would not have Group Procurement and Group Legal) been the funding for this • Numbe
Slide 18: Tracking Dashboard
| E€BREVIA Tracking Dashboard A DFIN Company [sBREviA]
Slide 19: Analysis
EBREVIA| Analysis A DFIN Company [EBREViA] < ‘American Life ine Lease Agreement.doe Index~ ZExport Undo 32.2, Brokers’ Fees. Tenant represents and warrants to Landlord that has engaged, finder or other © © person who would be entitled to any commission or fees for the negotiation, execution, or deli
Slide 20: The Surprises
The Surprises I had not expected the AI to have become so accurate, once properly trained.
Slide 21: Accuracy
Accuracy Favourite features: Exceeded • The speed of OCR and Analysis. expectations As Capita users increased • The accuracy of the AI, once properly trained. their use of eBrevia and trained the AI, the Future use: accuracy surpassed expectations. Artificial Intelligence is clearly here to stay. Th
Slide 22: Accuracy Report
EBREVIA| Accuracy Report A DFIN Company Bespoke Training: Q Sort: Score v 1.00 1.00 1.00 13 Examples 4, Import Model from File 2 Export to File F-score: Recall O: 92.86% . neal a aes Document Name v Directorship Agreement Letter between BT Group and Timotheus Hattges. pdf Distribution Agreement 12.7
Slide 23: Thank You! Questions?
Tere —s MN | | | i re. | \ ve rion | \ . THANK YOU! | QUESTIONS? ———— Aare €BREVI A DFIN Company
Slide 24: Stay in Touch
STAY IN TOUCH *(click buttons for hyperlinks)*