Case Study: Leading Software Service Company achieves 30,000 person-hours saved per year and improved revenue compliance with EdgeVerve's Nia Contracts Analysis

Reading Contracts for Revenue Compliance

Leading Software Service Company, a $10.94 billion USD revenue firm, faced a compliance bottleneck: a 70-person financial accounting team was manually extracting financial terms and assessing contractual obligations and risks from client Statements of Work across hundreds of formats with zero tolerance for error. To address this, they engaged EdgeVerve and its Nia Contracts Analysis solution.

EdgeVerve deployed Nia Contracts Analysis to process $4.4 billion USD of contracts, ingesting over 1,400 contract formats and automatically extracting 27 intents/entities plus 44 risk-flagging items along with table data. The implementation saved about 30,000 person-hours per year, improved compliance and contract interpretation, mitigated financial risks, and created opportunities for downstream automation.