Automate Contract Classification with Large-Language Models (LLMs)

A person manually processing documents

14 Feb 2024

Time saved

540 hours/month

Cost saved

20.k/month

#Tenders

8000/month

The NeoTask Solution

We crafted an automated system that classifies the contracts into over a thousand activities. This approach involved fine-tuning Large Language Models on the client's contract data, ensuring a deep understanding of the nuances involved in each document. Recognizing the importance of reliability, we introduced a trust metric into the system. It allowed us to calibrate the model's predictions, giving our client a clear view of how certain the system was with each classification. This not only enhanced the accuracy but also offered our client a transparent insight into the system's performance.

Integration and Impact

  • Seamless AWS Integration: The solution was smoothly integrated into the client's existing AWS workflow, facilitating immediate adoption.

  • Annual Efficiency: Now processes approximately 90,000 contracts annually, saving over 4000 hours of manual work each year.