How To Utilize AI for Contract Review Processes

    By Sean Heck on 03/28/23

    reading-minutes-icon-one-color 3 min read

    Conversations about artificial intelligence in a business setting are important. According to a study performed by MIT Sloan Management Review, over 80% of organizations see AI as a vehicle for strategic opportunity. Additionally, 85% of organizations view AI as a means for competitive business advantages.1

    This interest in – and implementation of – AI applies to legal teams and other contract managers as well. Manually managing and reviewing an ever-increasing number of contracts of varying complexity is stressful and inefficient. But it does not have to be.

    Organizations can improve contract review with AI-powered contract management software.

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    What is AI-Based Contract Management?

    By Sean Heck on 01/26/23

    reading-minutes-icon-one-color 4 min read

    Business automation is already sharpening professional methods across a variety of industries.  However, advancements in AI (artificial intelligence) can be particularly advantageous as they apply to contract management software systems. Contract intelligence engines built upon a foundation of machine learning just need to be fed a nutritious diet of relevant contract data.

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    Contract Lifecycle Automation - End-to-End CLM Efficiency

    By Joshua Hansen on 12/14/22

    reading-minutes-icon-one-color 4 min read

    Managing contracts can be challenging for legal, procurement, and contract management professionals, especially when primarily relying on manual processes.

    Managing the contract lifecycle can prove difficult with spreadsheets, emails, filing cabinets, and other disparate tools.

    Contract lifecycle management requires careful planning, the right technology, a well-planned contract strategy, and holistic contract lifecycle automation processes.  Thankfully, robust contract management softwarewith a foundation of AI and machine learning can help automate contract lifecycle management processes.

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    Million-Clause Project Milestone - 500K Clauses Fed To Contract AI!

    By Sean Heck on 09/6/22

    reading-minutes-icon-one-color 3 min read

    In April 2022, we announced CobbleStone's exciting million-clause initiative to nourish and enhance VISDOM® AI - CobbleStone Software's proprietary contract intelligence engine with machine learning.  In June 2022, we announced that 330K contract clauses had been fed to VISDOM contract AI.  Now, we are thrilled to announce that over 500,000 clauses have been "fed" to VISDOM thus far!  This stage in the momentous 1,000,000 contract clause project is just one of many testaments to why CobbleStone® has been hailed as the leader in contract management software.

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