US 2023/0409823 A1 · System and Method for Reviewing and Evaluating Discrepancies Between Two or More Documents

Abstract

The present disclosure pertains to a system and method for determining differences between at least two documents. A preferred embodiment disclosed herein pertains to a system and method for determining differences in the text or terms of legal documents, for example transactional legal agreements, such as but not limited to Trade Confirmations. The document review system can compare text documents to other text documents but is further capable of comparing text documents to structured spreadsheet data. The combination of static component verification in combination with dynamic component verification leads to a powerful tool which greatly reduces the time and efficient of document review while reducing the risk of human errors. Utilizing word embeddings in the static verification in combination with the use of named entity recognition, rule parsers in the dynamic verification, enables the system to produce concise and meaningful summaries of differences between multiple documents.

Claims20

Dependent claims

A method for reviewing documents, the method comprising;

selecting at least one reference document;
selecting a secondary document to compare to the reference document;
conducting an analysis of the static components in secondary document compared to the at least one reference document;
conducting an analysis of the dynamic components of the secondary document compared to the at least one reference document;
presenting any differences to a user for evaluation for acceptance or rejection;
and
storing the criteria of the acceptance or rejection in a database for recall in future evaluations.

4 more elements

A system for reviewing documents comprising,

a memory device that stores computer executable components;
a processor that executes the computer executable components stored in memory, wherein the computer executable components comprise:
a comparator component for determining differences between at least one reference document and a secondary document;
wherein the comparator processes, via the processor, a comparison of the static components of the at least one reference document with the secondary document, and a comparison of the dynamic components of the at the least one reference document with the secondary document;
and
said comparator identifies differences between the at least one reference document and the secondary document and presents the differences for review by a user;
and
further comprising a record of rules associated with a particular reference document for recording differences previously determined as always acceptable;
the processor accessing the rules and omitting the differences previously determined as always acceptable from the identified differences to be presented to the user for review.

6 more elements

Dependencies are inferred from the claim text.

Facts

Application

17/842,377Filed 16 Jun 2022

Published

21 Dec 2023

Term ends

Not estimatedThe source records don’t support an estimate.

Classification9 codes

G06F 40/194
Text processing: calculation of difference between files
G06F 40/106
Formatting, i.e. changing of presentation of documents: display of layout of documents; Previewing
G06F 40/205
Natural language analysis: parsing
G06F 40/284
Recognition of textual entities: lexical analysis, e.g. tokenisation or collocates

System and Method for Reviewing and Evaluating Discrepancies Between Two or More Documents

Life of this patent

System and Method for Reviewing and Evaluating Discrepancies Between Two or More Documents

Life of this patent

Abstract

Claims20