ElectrifAi | Accelerated RFP verification process and reduced manual verification costs with 80% accuracy for a top IT service provider

TMT

Accelerated RFP verification process and reduced manual verification costs with 80% accuracy for a top IT service provider

Key Challenges

A top IT service provider’s General Service Administration (GSA) Requests for Proposals (RFP) verification process was manual and time-consuming. The client wanted to improve the efficiency and quality of the verification process, while ensuring an acceptable level of accuracy in the RFP verification.

Our Products in Action

ElectrifAi developed a five-step process for end-to-end AI/ML and NLP-based RFP verification, which included OCR to transform PDF to Docx, SmartParser for text segmentation by sections, Section Filtering for filtering high-level sections, Fuzzy Matching to match sections to the list of clauses/synonyms using fuzzy matching algorithms, and Doc-level accuracy to generate doc-level reports using NLP.

Business Impact

80%

accuracy rate achieved that will continuously improve with more client contracts processed

Efficient and accurate RFP verification with minimal oversight errors

Insightful reporting that boosts decision-making capabilities

80%

accuracy rate achieved that will continuously improve with more client contracts processed

Efficient and accurate RFP verification with minimal oversight errors

Insightful reporting that boosts decision-making capabilities

Accelerated RFP verification process and reduced manual verification costs with 80% accuracy for a top IT service provider

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