Smart Contract Abstraction

Version: 1.0

The synergy between IDP and LLMs unlocks the potential for businesses to move beyond traditional data extraction and embrace intelligent data interpretation. This combination enables deeper insights into unstructured or semi-structured documents like contracts, driving more accurate decision-making and reducing manual review times.

This use case illustrates the true power of combining ABBYY’s IDP capabilities with an LLM—allowing users to not only extract data but also understand complex contract provisions. This is especially valuable for industries where contracts or agreements are critical, such as legal, real estate, or finance.

In this demo, ABBYY Vantage is used to process a commercial lease agreement. The NLP module segments the document, identifying important sections like payment schedules, legal clauses, and renewal options. Using the API, these segments are sent to an LLM to answer specific contextual queries like:

- What is the start date of the lease agreement?
- What are the legal names of the tenant and landlord?
- Is subleasing allowed?

Vantage handles the precise extraction of segments, while the LLM resolves more abstract, context-dependent queries.

This combination of IDP and LLMs represents the future of intelligent document automation, where businesses not only extract data but also derive deep contextual insights—unlocking new levels of operational efficiency and accuracy.

 

Benefits
  1. Efficient and Scalable: Seamlessly scale document processing by leveraging ABBYY Vantage for segmentation and LLMs for contextual analysis through API integration.
  2. Accuracy in Extraction: Achieve precise data extraction from unstructured documents, with ABBYY Vantage pinpointing critical segments for LLM interpretation.
  3. Reduced Costs and Processing Time: Optimize time and costs by processing only necessary document segments instead of entire files, minimizing token usage.
  4. Improved Security: Enhance data privacy by sharing only targeted segments, reducing exposure of sensitive information to external LLMs.
  5. Minimized Hallucination: Decrease the risk of incorrect outputs from LLMs by sending focused, relevant segments, improving response reliability.
     
 
Smart Contract Abstraction with ABBYY Vantage and LLM Integration
Related Skills
Deepak Goyal logo
ABBYY Team
Contributor:
Deepak Goyal
Published:
24 December 2024
Last updated:
21 February 2025
Purchase terms
Free
Specifications
ABBYY Vantage 2.4
Demo