What is Proximity Search?

Proximity search refers to a search technique utilized within AI-powered Contract Lifecycle Management (CLM) solutions. It enables users to find contracts or specific terms within contracts that appear in close proximity to each other.

Understanding AI-Driven Proximity Search

Proximity search enhances the relevance and accuracy of search results by considering the spatial relationship between keywords or phrases within a specified distance.

This feature allows users to locate contracts or clauses where certain terms occur near each other, indicating a higher level of semantic relevance. By employing proximity search, AI-driven CLM solutions, like Aavenir Contractflow, help users quickly identify and retrieve contracts that contain specific concepts, enabling more precise contract analysis, risk assessment, and compliance monitoring.

Download this E-Book to discover practical use cases for real-world contract searches and learn how Aavenir has facilitated quicker access to crucial contract information.

How Does Proximity Search Help Contract Managers?

Let's say you are using a Contract Lifecycle Management (CLM) solution with AI capabilities to search for contracts containing a specific clause related to "confidentiality" and "termination." You want to find contracts where these two terms appear close to each other within a certain proximity.

Instead of simply searching for individual terms, you can perform an AI-driven (proximity) search. For example, you might search for "confidentiality" within three words of "termination." The AI-powered CLM solution would then analyze the contract database and retrieve contracts where these terms occur near each other, such as "confidentiality obligations upon termination" or "termination and confidentiality provisions."

This search feature helps you pinpoint contracts that specifically address the combination of "confidentiality" and "termination" within close proximity. It saves time by narrowing down the search results to contracts that are most relevant to your requirements, allowing you to focus on the contracts that address your specific concerns.

By utilizing proximity search in AI-powered CLM solutions, users can efficiently locate contracts containing specific concepts or clauses that occur nearby, enhancing contract analysis, risk assessment, and compliance monitoring processes.

In addition to meta-data and content search within the contract and its associated documents, Aavenir Contractflow allows you to search for contracts and contract clauses containing keywords near one another. Learn More>>

Explore Additional Resources To Know More