How It Works
- Simply upload your documents and ThoughtTrace intelligently reads, classifies and categorizes them.
- Process one document or tens of thousands at a time.
- Identify and extract even the most detailed use case-specific information
- Ask the most specific, hard to find questions with only a handful of mouse clicks
- In minutes or even seconds, locate the most relevant information (rather than days, weeks or months)
- Easily share your findings with your entire team
- Turn risk and uncertainty into informed decisions
- Reduce human errors when reviewing important documents
- Validate based on your business rules with easy to configure document profiles
- Collaborate across your company to break down information silos and understand the “whole picture”
- Security should not come at the expense of accessibility. With ThoughtTrace, you have both.
- Benefit from domain-specific, community AI models that get smarter every day.
- Models are securely trained on the collective knowledge of documents processed while maintaining the highest level of security of each customer’s information individually.
- With ThoughtTrace’s Network AI Model, leverage data that is always getting smarter.
- Leverage our Rest API to integrate into related systems such as, ERP, CRM, and more.
- Set the standard for data-driven decision making, thought leadership and strategic impact.
What is ThoughtTrace?
ThoughtTrace is an AI-Powered document understanding and contract analyzing solution. It serves as one unified platform that discovers and understands what matters in your contracts and documents.
Your Contracts and Documents Are Your Source of Truth
ThoughtTrace is the fastest, most intuitive way to understand what matters in your documents. It empowers people and companies with the information they need to achieve better outcomes, reduce risk, and capitalize on opportunities.
Document Processing Platform Features
The ThoughtTrace Document Understanding Platform is a market-leading suite of integrated applications that work together to give you access to critical insights from your documents in real-time. ThoughtTrace gives businesses the ability to tap into opportunities that inform decision-making and gain competitive advantages.
Self-Organizing Document Management >>
- Embedded Document OCR
- AI Document Classification
- Robust Security & Document Audit
AI-Powered Contract Analytics >>
- Community AI Models
- Continuously Improving
- Works on Day 1 Out of the Box
Ridiculously Fast Intelligent Search >>
- Fast and Flexible, Basic to Advanced
- Context-based Search
- Leverage Data Relationships
Integrated Systems with ThoughtTrace Connect™ >>
- Embedded Integrations
- Robust API Functionality
- BI and Analytics
The ThoughtTrace Difference: Platform Benefits and Improved Business Outcomes
Intuitive and Self-Organizing Document Management provides What You Need, When You Need It
Take back time, clicks, and sanity with pre-trained document understanding and limitless search without sacrificing the security and auditability you need.
Improve Data Quality with Insights Governed by the Source of Truth
Don’t separate the data that drives your business with its source…the document. Let ThoughtTrace provide radical transparency into your data and reduce time spent reviewing and validating information.
Digitize and Automate Contract Abstraction
Let AI empower your team, by combining the power of automated data extraction with human review and validation in a seamless experience.
Conduct faster and More Accurate Due Diligence
Cursory due diligence reviews due to time or monetary constraints expose you to unnecessary risk and uncertainty. Mitigate the risk and clarify uncertainty with Document Understanding that reveals contract obligations, liabilities, potential risks, and change of control requirements.
Automate Workflows and Build Tight Integrations to Supercharge Business Process
Increase efficiency, reduce errors and omissions, and improve communication by automating the kinds of repetitive tasks humans avoid.
Let Data from the Source of Truth Drive Decisions
Understand your population of agreements holistically. Identify contracts and provisions that deviate from expected norms, and expose you to unforeseen risk.
Discover and Reduce Business Risk
Understand your population of executed agreements holistically by identifying contracts and provisions that deviate from expected norms and expose you to unforeseen risk.
Leverage new information to Drive BI and Analytics
Use data in new ways to drive your business. ThoughtTrace makes getting to your data easy, so you can use it how you want to.
ThoughtTrace by the Numbers
ThoughtTrace reads and understands what matters in your documents, and brings this information to the surface in record time. The powerful A.I. platform delivers actionable insights in seconds, empowering you to amplify productivity, identify massive cost savings, and turn your documents into a strategic advantage.
ThoughtTrace reads and understands what matters in your documents, and brings this information to the surface in record time. The powerful A.I. platform delivers actionable insights in seconds, empowering you to amplify productivity, identify massive cost savings, and turn your documents into a strategic advantage.
Making Something Great Even Better
Paramount Helps Client Get The Most Out Of Their Investments In Thoughttrace And Data Cleanup Initiative
Improve Data Accuracy and Reliability
Paramount Utilizes Human-Assister AI Software To Overhaul Client’s Land Records and Dramatically Improve Data Accuracy and Reliability
Value-Based Arrangements – Pay Per Provision
After we assess the state of your records and clarify your goals and needs, we can prepare a per document bid.
- Predictable cost and burn rate
- Pay only for what you get
- Maintain control over your spending
- Focus only on what matters to you