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.