CobbleStone Software is proud to present its proprietary clause metadata field recommendation feature - ConfigAI℠. A helpful feature within VISDOM® AI (CobbleStone's proprietary contract intelligence engine with machine learning), ConfigAI can provide proactive CLM field recommendations for metadata fields for contract clauses to streamline contract management software implementations!
The Purpose of ConfigAI
ConfigAI's purpose is to allow your team to enjoy proactive, AI-based contract metadata field recommendations for extracted, common contract clause types. Your team can also enjoy visibility and governance of these recommendations at a glance - and decide which contract clause metadata fields to capture.
Using ConfigAI for Contract Clause and Metadata Field Governance
Your contract managers can analyze the frequency of clauses within your CobbleStone Contract Insight® contract management software platform. Additionally, your contract managers can view which type of contract AI processes are associated with a given clause.
ConfigAI can provide AI-enabled recommendations so your contract managers can add appropriate contract metadata fields to capture clauses or populate existing contract records with extracted clause data based on system data.
This feature serves to sharpen the accuracy and consistency of your clause analysis and reporting processes.
How ConfigAI Works
The contract management software system can identify contract metadata fields you might want to add to CobbleStone® based on documents, files, and attachments your team is entering into the system. In addition to those you've added, CobbleStone's VISDOM artificial intelligence already recognizes common contract clause types via a large bank of classified clauses from which the engine has learned (see CobbleStone's million-clause initiative).
As you upload contracts (individually or in bulk), clauses are extracted from each file. The system can identify (based on the sliding "Clause Frequency" threshold configuration in the screenshot above) which clauses are not currently being mapped onto a tidy contract metadata field. ConfigAI will subsequently recommend a metadata field for clauses that are often used - according to your configuration preferences and needs!
For example, say a contract manager named John wants to see clauses that appear in 85 percent or more of his newly introduced files. In this case, John would toggle his "Clause Frequency" slider to 85 percent and see clauses with a frequency greater than or equal to his chosen frequency, complete with a display of:
- Clause Category (e.g. Copyright, Force Majeure, Term, Termination, etc.)
- Frequency of Clause in Files
- Intelligently Proposed Contract Metadata Field
- Option to Proceed With Adding Metadata Field (As Shown Below)
You can also have the system return to previously-introduced records and retroactively add your new clause metadata field settings to those contract records.
Attain Governance Over Contract Clauses & Other CLM Processes
ConfigAI is just a scratch at the surface of everything you can do with CobbleStone Contract Insight.
CobbleStone is award-winning contract lifecycle management software that has been acclaimed by users and third-party analysts alike. It offers the leading features to make AI-powered contract management so simple and streamlined that a kid could do it!
Quadrant Knowledge Solutions recognizes CobbleStone as a CLM Leader in the Spark MatrixTM Report - and it's clear to see why!
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