TCO Calculator
for Contract Summarization

Enterprises manage thousands of contracts every year, each containing critical obligations, risks, and financial terms. Traditional review processes are manual, time-consuming, and error-prone, leading to delayed decision-making, missed obligations, and compliance risks. Contract analytics addresses these challenges by automating extraction, classification, and summarization of contract data.

By leveraging AI-driven summarization and classification, organizations can achieve rapid visibility into contractual obligations, risks, and key terms. This reduces legal review time, improves compliance, and accelerates business workflows.

This total cost of ownership calculator helps you evaluate the true ROI of the category using modern AI powered alternatives over traditional OCR based solutions.

TCO with Existing Solution

Legacy OCR solutions typically operate at 80% accuracy, requiring heavy manual review of extracted contract data. Legal teams spend significant time verifying key terms and correcting errors, which increases costs and delays processing.

TCO with AI-based Solution

Modern AI solutions that combine OCR, NLP, and vision models can achieve 92% accuracy ±2%, significantly reducing manual effort. However, since generic AI cannot precisely flag errors, legal analysts are still required to verify extracted data before approvals.