Smart Docs

The tool parses financial contracts such as vendor agreements, lease contracts, loan agreements and identifies the risky clauses or penalty triggers. Example: A late payment triggers a 5% penalty.

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Inspiration

A lot of businesses in India do not understand financial documents and cannot afford legal help

What it does

It democratizes legal help for financial documents for any individual or business by using generative ai

How we built it

React and open ai api

Challenges we ran into

Building Smart Docs quickly meant overcoming significant challenges in data privacy, requiring careful handling of sensitive data through encryption and compliance.

Accomplishments that we're proud of

Our team built a fully functional application within 24 hours, showcasing our ability to work under pressure while maintaining quality

What we learned

We learned that understanding the user’s needs and pain points is key to developing a solution that resonates with them

What's next for Smart Docs

Smart Docs aims to become the most powerful AI for analyzing financial documents across industries, expanding its capabilities beyond fintech to serve individuals, businesses, and various sectors.

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