Case Study
BFSI
End-to-End Digital Overhaul Positions Leading Regional Bank for Growth
End-to-end digital transformation drives 250% growth in accounts and significant operational improvements for a regional bank.
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Learn how a leading regional bank automated contract review and compliance using AI-driven document intelligence, reducing processing time by over 90% and improving accuracy.
The client manages large volumes of legal documents including MSAs, SOWs, Sales Orders, and addendums, each averaging 30 pages. Refering them for compliance requirements, Finance operations were taking time as this was manual in nature.
The contract review process involved:
DExTr, an SLK (an Altimetrik company) document-intelligence solution, was used to automate contract review and compliance checks.
The solution enabled:
This solution showcases how AI-led Document Intelligence and Compliance Automation capabilities can be applied to streamline large-scale contract review and compliance processes.
A document-intelligence-driven approach automated contract review and compliance checks, significantly reducing processing time, improving accuracy, lowering operational costs, and minimizing compliance risks across large volumes of legal documents.
DExTr is an AI-powered document intelligence solution from SLK, an Altimetrik company. It automates contract review by extracting and structuring key clauses such as payment terms, liabilities, confidentiality provisions, and critical dates, enabling faster and more accurate compliance checks.
DExTr can process a wide range of legal and commercial documents, including Master Service Agreements (MSAs), Statements of Work (SOWs), sales orders, addendums, and other contract types, even when documents span 30 pages or more.
AI-driven document intelligence reduces human error by consistently identifying and validating required clauses across large volumes of contracts. In this case study, the solution achieved 95% accuracy, improving audit readiness and minimizing compliance risks.
By automating document extraction and review, the client reduced overall processing time by over 90%, enabling finance and compliance teams to complete reviews in hours instead of days.
DExTr maintains end-to-end traceability by linking every extracted data point back to the original source document. This ensures transparency, simplifies audits, and supports regulatory compliance requirements in the BFSI industry.
Yes. The solution is designed for enterprise-scale document processing and can handle large volumes of contracts efficiently, as demonstrated by the 80% faster document extraction achieved in this implementation.
In addition to faster processing and higher accuracy, the bank achieved approximately 50% reduction in headcount requirements, lowered operational costs, and improved productivity across finance and compliance teams.
Yes. While this case study focuses on BFSI, DExTr can be applied to any industry with document-heavy compliance needs, including insurance, healthcare, manufacturing, and legal services.
End-to-end digital transformation drives 250% growth in accounts and significant operational improvements for a regional bank.
Learn how a leading regional bank automated contract review and compliance using AI-driven document intelligence, reducing processing time by over 90% and improving accuracy.
Altimetrik helped a Fortune 500 manufacturing organization achieve 70% automation in purchase order processing, improving accuracy, scalability, and employee experience through intelligent automation.
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