A system and method for automatically extracting contract data from electronic contracts includes an administrator module configured to provide templates for inputting document patterns and a list of contract data tags for each of a plurality of contract document types. A parser is configured to convert an electronic contract document into a contract text document and reformat the contract text document to provide a pattern for the text contract document. A pattern recognition engine is configured to determine a list of contract document types in the electronic contract by comparing and matching patterns of all known contract document types with the pattern of the contract text document. A contract data extraction engine is configured to extract contract data for each contract document type on the list.