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Whitenote: Purchasing optimisation through automated detection of contract deadlines

2021-10-13 by Johannes Humbert (LinkedIn | Twitter)

Identifying explicit and implicit inclusions of cyber risks in commercial insurance contracts in wholesale individual business is an eminent part of the value chain. And NLP is the solution.

Process-relevant information is often hidden in plain text

Machines that can read documents like contracts take process automation to a new level.


  • A hidden champion in the automotive industry had several thousand active contracts with customers and suppliers.
  • Termination dates and price escalation clauses could only be tracked sporadically. For old contracts the information was not available at all, for new contracts it was recorded with fluctuating quality.


  • With the docuduct standard module “Contract Master Data”, relevant information was automatically extracted from contracts.
  • Critical cases were presented to clerks for review - human-in-the-loop.


  • Important contract deadlines were cleanly recorded in the DMS, responsible persons were automatically reminded in time.
  • In the following 12 months, savings in the seven-digit range were achieved through timely termination or renegotiation of contracts and the use of price escalation clauses.

Read the full whitepaper Bridging the Gap - More productivity and lower costs through automation of knowledge-based processes here.

Your contact

Johannes Humbert
+49 176 83 33 51 46