ConfigAI℠: Proactive CLM Configuration Recommendations

    02/28/23

    reading-minutes-icon-one-color 2 min read

    CobbleStone Software presents ConfigAI - a tool for proactive CLM configuration recommendations.

    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!

    Register: Free Contract Management Masterclass 2023!

     

    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.

     

    Download CobbleStone's AI-101 Whitepaper Now!

     

    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.

    CobbleStone Software VISDOM AI provides a clause auto-extract summary.

    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).

     

    CobbleStone Software ConfigAI can help with proactive field recommendations.

     

    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)

    CobbleStone Software allows for adding new fields for clauses.

    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!

    CobbleStone’s cloud-based CLM software serves as a single source of truth for contracts and more. Get started today by booking your free demo.

    Stay up to date on best practices, industry news, and CobbleStone Software updates; subscribe to our blog and YouTube Channel.

    CobbleStone Software offers a complimentary demo.
    Sean Heck

    Written by Sean Heck

    Sean Heck is Content Marketing Manager at CobbleStone Software

    Website Graphics_Collage for Website Module copy
    RESERVE MY SEAT
    REGISTER TODAY

    Lists by Topic

    see all

    Posts by Topic

    see all