Automating Due Diligence with CoCo
Due Diligence (DD) is the investigation or exercise of care that a reasonable business or person is normally expected to take before entering into an agreement or committing to a transaction. Widely used in mergers and acquisitions, equity research, government project assessment/approvals and compliance investigation, DD can be
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Costly: e.g. daily rates by lawyers and accountants
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Time consuming: e.g. reviewing large number of files
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Sometimes incredibly boring: recording data in spreadsheets
Contract Cognition (CoCo) is a set of pre-trained AI models and modules for automating due diligence and attributes extraction from contracts and policies. Leveraging Large Language Models, CoCo promises efficiency, scalability, consistency as well as cost-effectiveness in any due diligence tasks that require intensive searching, reading, writing and data aggregation when working with contracts and policies.
Features
Currently, CoCo LLM model is trained to perform 6 common DD tasks
Classification
Q&A with Explanation
Text Generation
Summarization
Auditing & Checklisting
Data Aggregation
CoCo in Action: Contract Review
CoCo is capable of extracting & aggregating 60+ predefined contract attributes out-of-the-box.
CoCo in Action: Parsing Content
Using object detection algorithm, CoCo is able to detect headings, paragraphs, lists, tables and figures from any documents, with high accuracy.
CoCo in Action: Generating ESG Policies
CoCo is capable of generating ESG and privacy policies for a wide range of industries.
