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Tag: intelligent capture

The Impact of AI on the Legal Profession

As some of you might know – but most of you probably don’t – I am the lead author (along with three tremendous co-authors from the law firm of HoganLovells) of a recent article in the Yale Law School Journal of Law and Technology: Lola V. Skadden. Our article looks at the explosive, exponential growth of Artificial Intelligence (“AI”) and what the law as a profession along with individual lawyers…

So, What Should We Do With Contract Analytics?

Now that we have looked into the power of Contract Analytics as well as the features that we need to make it truly deliver upon the promise of content intelligence, what can we do with it?  We should probably start with the most critical pain points for General Counsel, Procurement and business unit leaders: Contract Discovery: In my experience, the first step of any contract analytics project is simply finding…

Contract Analytics Use Cases: Uncover Unrealized Revenues

There are measurable direct and indirect benefits associated with the application of contract analytics to financial processes such as procure to pay and order to cash.  There are specific areas where finance organizations stand to achieve cost efficiencies and realize incremental profits. Invariably, contracts include price, volume and discount terms.  By gaining better visibility to these contractual terms finance departments may, for example: Match contract pricing and performance obligation clauses…

Content Analytics Challenges for Managing Contracts

In this blog series our guest contributor Michael Simon will share his perspectives on the challenges faced by organizations in surfacing business critical entities, attributes and terms within contracts as well suggest solutions that will streamline your obligations analysis and portfolio risk management processes. Contracts are the engine of a business.  They contain critical business intelligence needed to run the enterprise.  Yet, enterprises continue to struggle to do something that…

Intelligent Capture will transform how service industry operates

Data capture from paper of electronic documents is an essential step for many business processes, and often is the initiator for customer-facing business processes. Capture has traditionally required human effort – data entry workers transcribing Information from paper documents, or copying and pasting text from electronic documents – to expose information for downstream processing. Why “Intelligent Capture” is a game-changer Intelligent capture replaces manual capture with fully-automated conversion of documents…

From Fantasy to Reality: Common Misconceptions about AI Explained

Artificial intelligence (AI) has loomed over our future since John McCarthy first coined the term in 1955. Even today, AI continues to promise ushering in huge social and economic upheavals, profound and far-reaching in its effects as those of the first industrial revolution. As AI becomes a real and growing part of our lives, we are hearing progressively more myths and realities of its real life applications. We asked Tatiana…