TCO Calculator
for Multiformat processing for Contracts

Enterprises manage contracts in multiple formats, PDFs, scanned images, XML, Excel, and EDI, making accurate extraction and review challenging. Legacy OCR systems are optimized only for static PDF or image formats, and they fail when faced with semi-structured or digital-native formats. This increases manual legal review effort, slows contract lifecycle management, and raises compliance risks.

AI-powered multiformat processing enables seamless extraction of contract data across diverse formats using adaptive parsing and intelligent normalization. By handling both scanned and digital-native formats, organizations reduce manual intervention, accelerate contract review cycles, and improve compliance visibility.

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 achieves 80% accuracy and struggles with semi-structured and digital-native contract formats like XML, Excel, or EDI. Legal and compliance teams must manually review and correct extracted data, driving up costs and extending contract review timelines.

TCO with AI-based Solution

Modern AI with OCR, NLP, and adaptive parsing achieves 92% accuracy ±2% across multiple formats. While this reduces manual review significantly, generic AI cannot always detect contextual parsing errors, requiring verification before final approval and storage.