BUSINESS NEED
IT CHALLENGE
A world-renowned consulting firm wanted a vendor who can go over their Master Service Agreements and Statements of Work entered with various clients.
“The goal is to turn data into information, and information into insight.” – Carly Fiorina
They wanted the vendor to extract specific data after a thorough analysis of the agreements and then this data had to be entered into a database.
For the successful execution of the project, we carried out a pilot run with some of our SMEs (Subject Matter Experts) to have a better understanding of the project. Based on the procedure followed in the pilot run, it became quite evident that the application in which data had to be entered had to be dynamic. 73 Systems built a VB application for the data entry phase to avoid any conflicts in the data entry process.
In the data mining and data entry phase, our SMEs marked the specific data in soft copies first and this data was then entered in the application. The final database passed through a QA phase to ensure accuracy.
The major challenge in this project was that no two agreements were the same and there was no standardized format to be followed. It was not a straightforward data entry job. It required extensive data analysis and major calculations. The entire job consisting of more than 1,900 documents for various geographies all over the world had to be completed within a span of 30 days with 99.995% accuracy.
The solution
This Fortune 500 Company approached 73 Systems as 73 Systems has market leadership in the field of Data Mining/ Data Abstraction and Data Entry jobs. We have executed similar kinds of projects successfully for academic institutions, major corporations, solicitors, and government bodies.
Based on the data mining and data entry work carried out by 73 Systems the client is doing an analysis of the agreements, the rates for professionals in various geographies. Based on this analysis the client is going to introduce some major changes in the terms on which it enters into agreements with its customers.
73 Systems received tremendous praise from the client for the work executed well. In fact, they are thinking of utilizing 73 Systems data extraction/web research services again for the next round of agreements if their analysis turns out to be successful.