AI Contract Ingestion & OCR
AI Contract Ingestion & OCR
AI Contract Ingestion & OCR in GAAPx is the automated document processing engine that extracts structured accounting data, commercial terms, and non-standard clauses from signed contract PDFs. Leveraging proprietary financial vision models and multimodal LLMs, GAAPx eliminates manual contract review and spreadsheet transcription.
:::info SCREENSHOT PLACEHOLDER: AI Contract Extraction Interface
Location in App: App > Contracts > Ingestion > [Contract ID]
Visual Description: Split-screen view showing original PDF contract on the left with interactive bounding boxes, and extracted structured JSON terms on the right.
Recommended Dimensions: 1200 x 675
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Ingestion Sources
GAAPx continuously ingests contracts from multiple enterprise channels:
- Cloud Storage Watchers: Automatic synchronization when new signed PDFs are dropped into monitored Box or Google Drive folders.
- E-Signature Webhooks: Real-time payload delivery upon DocuSign / Adobe Sign completion.
- Email Ingest: Forwarding signed PDF attachments directly to your dedicated organization inbox.
Key Extracted Data Fields
| Category | Extracted Fields | Accounting Purpose |
|---|---|---|
| Header Metadata | Legal Entity Names, Effective Date, Governing Law | Customer identity & contract boundaries (ASC 606 Step 1) |
| Line Items | SKU Name, Quantity, Unit Price, Contract Term | Transaction price determination (ASC 606 Step 3) |
| Billing Terms | Invoice Cadence, Net Payment Terms, Milestone Triggers | Billing subledger schedule creation |
| Non-Standard Terms | SLA Penalty Clauses, Most Favored Nation (MFN), Termination for Convenience | Variable consideration constraints & risk scoring |
| Ramp & Discounts | Multi-year price ramps, free period offsets | Ratable vs. carve-out allocation |
Human-in-the-Loop Verification
Every extracted contract receives a Confidence Score (0-100%):
- Confidence $\ge 95%$: Automatically generates draft billing and revenue schedules.
- Confidence $< 95%$: Flags specific fields for 1-click verification by RevOps or Technical Accounting before activation.