Artificial Intelligence is fast becoming an essential part of the technology industry, helping solve many challenging problems. AI is the ability of making a computer program or software to think smartly in an intelligent manner as like humans think. It revolves around the use of algorithms, a set of defined instructions that a mechanical computer […]

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Contract intelligence empowers you to have contract visibility and take actionable insights from your contracts. It not only helps in providing transparency but also in monitoring key performance metrics so you can have control of your contracts and have actionable data. Companies using Contract intelligence services have better competitive advantage as they have knowledge what’s […]

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Spend management, a process of comprehensively managing, optimizing and controlling the money spent by organizations. It is the contemporary the way of managing supplier relationships, identifying money spent on purchases. Spend management encompasses of procurement, invoicing, outsourcing and supply chain management. Enterprises have larger routine transactions which require lot of time and effort. Millions of […]

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The ultimate goal of automating contract abstraction is to lessen business and reputational risks of corporations by ensuring they comply with the terms and conditions of every contract. Most importantly, automated contract management enables corporations to foresee their rights and obligations, and thus prevents future litigation and its cost. Automated Contract Abstraction Puts pertinent information […]

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Data mining is the process of restructuring large database in order to generate meaningful information. It encompasses discovering patterns and trends in the data sets and converting it into comprehensible structure for further use. The goal is to extract the patterns which will help the organization to predict future trends, assist in taking business decisions, […]

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Contract Lifecycle Management Systems – are the systems that serve specifically to house all of an organization’s contracts. These systems, being specifically designed to manage contracts, come with built-in features that will assist you in getting all your contractual documents into one centralized location and tracking them. These systems are a breed of software, running […]

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Contracts carry enormous amount of information, knowing what has been committed in past can drive better future business decisions. Many of the contracts contain hundreds of important, actionable obligations which need to be closely tracked and managed. Contract migration into a CLM is the way which can yield benefits from having single and unified repository […]

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Contracts, if not managed properly can lead to negative results. Consequences might be a poor relationship with suppliers, vendors, more risk, lost opportunities. Critical information businesses need to make key decisions resides across all your executed contracts. Legal and contracts departments often have thousands of paper documents stored in file cabinets or saved electronically as […]

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