Contract Management is a part of the process fundamental for all companies. Due to its important and heavy paper flow, it’s one of the procedures that you can automate with AI.
While operating a business, you want to make sure that you get the best value possible during a sale, manage costs and decrease them when it’s possible, reduce liabilities and improve revenues, and contract management plays a big part in that.
Also, due to its importance, it’s imperative that you ensure that your contracts are aligned with your legal responsibilities.
When automating this process, the workflow is productive and agile, you can do more with fewer people and reduce the data entry load. Also with NLP software, you can manage all the different types of documents with only one tool.
Contract Management is part of the 1000ml Apogee Suite product, and analyses the contracts and extracts information, like certain terms or data from that document, and combine it into documents or spreadsheets allowing you to have a better look and workflow.
Let’s cut through the jargon, myths and nebulous world of data, machine learning and AI. Each week we’ll be unpacking topics related to the world of data and AI with the awarding winning founders of 1000ML. Whether you’re in the data world already or looking to learn more about it, this podcast is for you.