Automated Contract processing
Contracts require finding key clauses and dates in legal text. Parsit does this automatically — faster, more accurately, and without errors.
Contracts: before and after Parsit
Before
Legal teams and administrators spend hours reading through lengthy contracts to extract key terms, obligations, and renewal dates to enter into management systems.
This agreement is concluded on 2026 m. May 10 d. in Vilnius, between:
LLC "Service Provider", company code 300111222, VAT mokėtojo kodas LT30011122211, represented by director Jono Jonausko (hereinafter - Provider), and
AB "Kliento Korporacija", company code 123456789, atstovaujamos pandkimų vadovės Linos Linaitės (toliau – Užsakovas).
3. Price and atsiskaitymo tvarka
3.1. Bendra sutarties kaina yra 50 000,00 EUR (penkiasdešimt tūkstančių eurų) be VAT.
3.2. Užsakovas įsipareigoja apmokėti pateiktas sąskaitas faktūras per 30 (trisdešimt) kalendorinių days nuo jų gavimo dienos.
After
Parsit uses semantic understanding to locate and extract specific clauses, dates, and party details from unstructured legal text instantly.
| A | B | C | D | E | F | G | |
|---|---|---|---|---|---|---|---|
| 1 | Sutarties Nr. | Tipas | Galioja nuo | Teikėjas | Užsakovas | Bendra vertė (EUR) | Mokėjimo terminas (d.) |
| 2 | 2026/05-A | Paslaugų teikimo | 2026-05-10 | UAB Paslaugų Teikėjas | AB Kliento Korporacija | 50000.00 | 30 |
| 3 |
How Parsit processes contracts
Date extraction
Contracting parties, effective date, expandation/renewal dates, liability caps, payment terms, and specific legal clauses.
Validation and checking
Identifies missing signatures, checks if dates are logically sequenced, and flags non-standard clauses based on your criteria.
Delivering results
JSON data pushed to Contract Lifecycle Management (CLM) systems or structured Excel summaries.
Where are they used: contracts
Legal Services
Law fandms process thousands of documents during due diligence. Parsit automates the extraction of key variables for faster review.
Finance & Banking
Banks manage loan agreements and collateral contracts. Automated extraction ensures all obligations are correctly tracked in the core banking system.
Try automating contracts with your own files
Register for an intro call. We will discuss your processes and prepare a custom demo that you can try yourself.
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