Contract metadata extraction use cases
In contract metadata extraction, use cases specify the information that you want Now Assist to detect in a document, and the use case mappings define the type of information to process.
The CM Pro - Contract Metadata Extraction use case is available with the Now Assist in the Contract Management base system. This use case is not editable.
Note:
If you create your own use case or customize a copy of an available use case, be sure to test it thoroughly to ensure accuracy.
The following fields are configured in the CM Pro - Contract Metadata Extraction use case for metadata extraction.
| Field | Description | Default Target Field |
|---|---|---|
| Other party name | The name of the company selling services or goods. | vendor |
| Internal party name | The name of the company buying services or goods. | None |
| Effective date | The date from which the contract becomes effective. | starts |
| End date | The date when the contract is set to expire. | ends |
| Contract number | A unique identifier for the contract. | vendor_contract |
| Payment terms | The conditions under which payments are to be made. | invoice_payment_terms |
| Governing law | The jurisdiction under which the contract will be governed. | None |
| Term | The duration for which a contract is valid. | payment_schedule |
| Currency | The currency in which the contract is denominated. | None |
| Contract value | The total value of the contract. | payment_amount |
| Termination notice Days | The notice period required to inform the other party prior to contract termination. | None |
| Termination fees | The fees payable if the contract is explicitly terminated for convenience and the contract mentions that such termination includes a payment. | None |
| Payment frequency | The time interval for making a payment or generating invoice. | payment_schedule |
| Late payment fees | The fees payable for late payment. | None |