Key Highlights
- OptiSol partnered with a construction company to address contract management inefficiencies using our Gen AI accelerator, which improved overall project efficiency & streamlined processes.
- The client faced delays and errors due to complex contract management and inconsistent data. A lack of predictive insights further hindered effective risk management.
- Our Gen AI accelerator streamlined data extraction, standardized terms, and translated data formats using predictive analytics and document summarization to enhance risk management.
- The project improved project efficiency and on-time completion, enhanced risk mitigation through accurate forecasting and enabled better strategic planning and decision-making.
Problem Statement
01
Complexity in Managing Contracts: Managing numerous contracts for various projects, subcontractors, and suppliers led to significant administrative overhead and delays in contract approvals.
02
Inconsistent Contract Data: The client faced challenges with contract data that came in various formats and languages, resulting in miscommunications, errors, and potential legal disputes.
03
Lack of Predictive Analysis: The lack of real-time insights into contract performance and trends hindered their ability to proactively manage risks and forecast project outcomes.
Solution Overview
01
Our Gen AI accelerator efficiently extracted data from construction contracts and regulatory documents, reducing administrative overhead and speeding up the approval process for the client.
02
Our team used semantic analysis to standardize contract terms, specifications, and compliance requirements, ensuring consistency and reducing miscommunications across various projects.
03
Our accelerator seamlessly translated and standardized data from supplier and subcontractor contracts, regardless of format or language, minimizing errors and potential legal issues.
04
We utilized predictive analytics for real-time insights into contract performance, helping the client manage risks, optimize resource allocation, and forecast project timelines and costs.
05
Our Gen AI accelerator offered document summarization to uncover hidden trends and patterns in documents, enabling the client to gain deeper insights for better planning & decision-making.
Business Impact
About The Project
OptiSol initiated the project to address delays and errors caused by contract management issues, inconsistent data, and lack of predictive insights. Our Gen AI accelerator streamlined data extraction, standardized terms, and translated diverse formats, reducing overhead and errors. Predictive analytics provided real-time insights for better risk management and forecasting, while document summarization improved planning. This led to enhanced project efficiency, risk mitigation, and strategic planning.
Tech Stack
Testimonials of Our Happy Clients
Ken Kisner
Global Head of Digital R&D
My experience has been incredibly positive. They were incredibly easy to work with, even with changing requirements.
They are incredibly competitive, but are only a fraction of the cost of US companies.
They are definitely the most professional of the foreign companies that we were looking into.
Nyswyn K.
Director of Software Development
Our journey with OptiSol has been nothing short of remarkable. For over 7 years, we have partnered with them on our digital transformation, and the results have been truly transformative.
Over the years, we have come to trust OptiSol Business Solutions as a reliable and strategic partner.
Al Bagiro
CTO, Auto Insurance Company
The AI engine was completed on time and trained to 90% accuracy. Their eagerness to learn new knowledge impressed us.
Their team is large to handle multiple projects at once, and likes to resolve challenges as well as learn new things. They also welcome regular communications, and of course, needless to say, develop everything in sprints.
Dan Talken
Founder, CEO, & CTO, My Equipment Library, LLC
OptiSol Business Solutions has shown youthful skill and dedication to the projects. Moreover, they have been quick to implement their solutions without sacrificing the quality of each platform.
We’re constantly impressed with their speed and quality of the development that they achieve on a consistent basis.
Dr. A.K Pradeep
CEO MachineVantage
Exceptional Collaboration and Expertise - A Top-Notch Partner for AI, ML, and Digital Applications.
I have had the privilege of working with an exceptional team of professionals from India on numerous AI, ML, and digital application projects. Their expertise in these domains is remarkable, and they consistently impressed us with their knowledge, resources, and innovative approach.
Rick Tigges
CFO, Bemodo
They are very responsive and able to shift focus quickly as we have needed it for business reasons.
OptiSol Business Solutions has been great at documenting the timeline of the project. They were very responsive and were able to shift focus quickly, as well. They discuss what they’re working on without any issues. So far, there’s no need to improve their service.
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