Industry
Banking and Financial Services
in contract processing time
in document extraction and validation
in manual staffing requirements
A leading regional bank needed to improve the speed and accuracy of reviewing large volumes of legal documents, including Master Service Agreements, Statements of Work, sales orders, and addendums. Each document averaged approximately 30 pages and required extensive manual review by legal, compliance, and finance teams.
Using DExTr, SLK – an Altimetrik company AI-powered document intelligence solution, the bank automated clause extraction, validation, and compliance checks. The transformation accelerated contract processing, improved accuracy, reduced operational costs, and strengthened traceability across the review lifecycle.
The bank’s contract review process depended heavily on manual extraction and validation of clauses related to payment terms, penalties, purchase orders, liabilities, confidentiality, and key dates.
Teams were required to process approximately 3,000 documents across 93 contracting standards. The volume and complexity of the documents increased turnaround times, created significant operational effort, and elevated the risk of missed or inconsistently interpreted compliance requirements.
Slow, manual contract review delayed legal validation and downstream finance operations. High dependence on human review also increased processing costs and exposed the bank to compliance risks arising from overlooked clauses or inconsistent validation.
Without automation, scaling the review process would require additional resources while making it difficult to maintain consistent accuracy, governance, and auditability.
The bank implemented DExTr to automate contract review and compliance validation using AI-powered document intelligence.
The solution automatically extracted critical information, including payment terms, penalties, liabilities, confidentiality provisions, purchase order clauses, and key contractual dates. Extracted data was converted into a structured format, enabling faster validation against the bank’s contracting and compliance standards.
DExTr also provided end-to-end traceability by linking extracted information directly to the relevant sections of the source document. This allowed legal, finance, and compliance teams to verify results efficiently and maintain a transparent audit trail.
By combining automated extraction, structured validation, and source-level traceability, the solution established a scalable approach to reviewing large volumes of complex legal documents.
Altimetrik combined AI-powered document intelligence with legal and compliance automation to transform a complex, manual contract review process.
Through DExTr, the bank established a faster, more accurate, and auditable operating model reducing processing time and costs while improving compliance across large volumes of contractual documents.
“Amit Singh is the Chief Strategy Officer and Chief of Staff to the CEO at Altimetrik, where he drives corporate strategy, growth acceleration, and value creation through transformation initiatives. In this dual role, he partners closely with leadership teams, investors, and the board to align business strategy with sustained, technology-driven growth.
With over two decades of experience at the intersection of technology, business, and transformation, Amit brings a unique perspective on how organizations can innovate and adapt in a rapidly evolving digital landscape. His career has been defined by building high-performing teams, scaling innovative platforms, and driving organizational change to deliver lasting impact.
Before joining Altimetrik, Amit held senior leadership roles at Visa, where he led technology strategy, engineering, and product development for Real-Time Payments and the Visa Developer Platform. Earlier, he served as Chief Product Officer at a startup and spent more than a decade at Oracle, leading product and engineering teams across a wide range of enterprise software applications.”
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