Case Study: Power Digital saves time and streamlines contract management with Retool

Power Digital saves 50+ hours a month on contract review with Retool

Power Digital, a tech-enabled digital marketing agency, faced a challenge as its manual contract review process was slowing down its finance team. The process was not scalable, requiring the team to manually find discrepancies in dozens of lengthy contracts each month. To address this, they turned to Retool to build an AI-powered solution without significant engineering overhead.

Using Retool apps, LLM integrations, and a Retool-hosted vector database, Power Digital built nova Contract AI. This application automatically extracts data from contract PDFs, compares it to their database, and flags discrepancies. The solution implemented by Retool achieved over 90% accuracy in data extraction, saving 50+ hours of manual work per month. It also enabled development cycles that were twice as fast and led to company-wide savings of 1,000 hours per performance review cycle and $50,000 in annual SaaS costs.

Power Digital