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Dilemmas in Legal Departments
Legal departments have a big job. They ensure the organizations are protected and compliant while reviewing the numerous contracts their organization has with any number of vendors. With this work comes a few challenges:
Manual contract processes: Workers using legacy systems waste 552 hours annually completing mundane tasks (according to SimpleLegal)
Audit and regulatory compliance
Inefficient contract analytics and reporting
The CloudMoyo Advantage
As a preferred Icertis partner, CloudMoyo has deep expertise in Contract Lifecycle Management (CLM) and various digital services.
We accelerate contract intelligence
through providing advisory and consulting services for ICI implementation, going beyond onboarding to also provide training and end-user support. Our teams are also experts in legacy migration, ICI integration, and contract analytics and reporting.
We infuse AI into Business Processes
through AI/ML and NLP to set up scalable infrastructures to support business needs, like our Contract Redlining App.
We democratize your data
through data management and governance with improved reporting and performance monitoring of your contracts. All contract data can be stored into data warehouses to fulfill data storage needs.
We innovate apps at litespeed
with the creation of custom tools, like our Contract Redlining App, using low-code/no-code technology that decreases manual work needed to be done by legal teams.
Challenges of Procurement Teams:
Procurement teams maintain the financial health of companies, whether negotiating with vendors, reviewing contracts, or issuing purchase orders. This team can face many obstacles including:
Arduous research to find the right vendors
Reviewing and managing vendor contracts and performance
Curtailing maverick (uncontrolled) spending – up to 80% of a company’s total pend may be maverick spend (according to Order)
The CloudMoyo Advantage
From consulting with velocity to in-depth global expertise, CloudMoyo teams build unique solutions to solve challenges procurement departments face quickly and efficiently.
As a preferred Icertis partner, we accelerate contract intelligence with the implementation of Icertis Contract Intelligence platforms to streamline CLM processes.
AI/ML models solve real-world business problems procurement teams face, infusing AI into business practices.
Our decision analytics practice can create visual dashboards using real-time analytics to help teams make better business decisions quickly, democratizing your data.
Low-code/no-code technology allows our teams to innovate apps at litespeed, creating custom and easy-to-use solutions to streamline business processes.
Obstacles for Marketing & Sales Teams:
Marketing teams create your market while your sales teams sell to the market you’ve created. They must make decisions that directly affect an organization’s profits but face obstacles along the way, like:
Faulty data and flawed customer insights – 87% of marketers say data is their most underutilized asset (according to invsepcro)
Proving impact on business through CRM systems
Analytics that align marketing and business objectives
The CloudMoyo Advantage
CloudMoyo’s in-depth and global expertise means our on-demand pool of resources are well-versed in both technical and functional aspects of building solutions.
We accelerate contract intelligence by helping organizations sort through arduous vendor contracts that marketing teams must review as they look for CRM systems that work for their needs.
NLP and AI/ML technology infuses AI into business practices as our solutions use sentiment analysis to generate data that helps marketers and salespeople understand how customers feel. Predictive analytics can also help quickly solve real-world problems through the development of ML models.
Democratizing data allows sales and marketing teams to make better business decisions faster, whether through real-time analytics or visual dashboards that tell a story.
We innovate apps at litespeed building suites of apps like using Power Apps to create automated workflows, chatbots, and Power BI dashboards to enhance your customer’s experience while making your jobs easier.
Frustrations of Finance Departments
Finance teams are important in the money management of an organization, prepping balance sheets, financial statements, cash-flow reports, and more. They manage and conduct internal audits, making sure your organization is in compliance and in good financial health, but this department does face many frustrations, including:
A large amount of manual tasks that can be automated
Meeting real-time reporting demands
Cybersecurity and data protection – the average data breach costs $4.24 million (according to IBM’s 2021 Data Breach Report)
The CloudMoyo Advantage
CloudMoyo’s in-depth and global expertise means our on-demand pool of resources are well-versed in both technical and functional aspects of building solutions.
Our work with Icertis allows us to accelerate contract intelligence, giving finance teams more time to focus on managing funds rather than reading through arduous contracts about reporting or funds management.
We infuse AI into business practices, using AI/ML for predictive analytics to solve challenges the finance teams see in the real world.
We democratize your data by building visual data dashboards that tells stories using real-time analytics, allowing finance teams to meet deadlines quickly and analyze data as it comes in.
Our teams work with you to analyze the existing health of your platforms, including security and compliance, innovating apps at litespeed through app modernization, cloud migration, architecture advisory services, and more.
Tales of Transformation
