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- Customer success story
Generative AI Test Shows 50% Reduction in Contract Migration Effort
Did you know that over 50% of in-house legal teams are overburdened? According to a report by the Corporate Legal Operations Consortium (CLOC), 83% of legal departments expect demand to increase, with 63% identifying workload and resource bandwidth as their top challenge.
Most of the legal teams’ work revolves around contract management, analyzing contracts, and manually extracting data, which can be labor-intensive, time-consuming, and prone to errors. This often leads to poor contract management, creating financial and legal risks.
At CloudMoyo, we asked a simple question: What if generative AI could do it better?
Using CloudMoyo IntelliDoc Analyze (CDA), our generative AI-powered service accelerator, our team tested document analysis and data extraction capabilities to see how it measured up against traditional methods. The process involved structured testing, careful validation, and a clear goal – to reduce effort without compromising accuracy.
What we discovered was more than just faster processing. Emerged patterns, improved accuracy, and tasks that required hours of human review were completed in just a fraction of the time with CDA.
Download this case study to learn more about the impact of generative AI on contract management and legal teams.
- Videos
- March 21, 2025
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Rethinking AI with the Planet in Mind
Artificial Intelligence (AI) is reshaping the world as we know it, and it’s happening fast. With innovations like ChatGPT grabbing headlines and transforming industries, the momentum is impossible to ignore. But beyond the buzzwords and breakthroughs, there’s a deeper question at play: What if AI could be more than just smart, what if it could […]
Generative AI Test Shows 50% Reduction in Contract Migration Effort
Did you know that over 50% of in-house legal teams are overburdened? According to a report by the Corporate Legal Operations Consortium (CLOC), 83% of legal departments expect demand to increase, with 63% identifying workload and resource bandwidth as their top challenge. Most of the legal teams’ work revolves around contract management, analyzing contracts, and […]
[Download] CloudMoyo Migration Assistant
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Transforming Operations with Contract Analytics
Picture this: your business handles hundreds (if not thousands) of contracts each year. Each contract contains valuable information that may be used to drive strategic decisions, streamline operations, and improve business outcomes. Contracts were formerly static and ignored papers, but the worldwide trend toward digital transformation has transformed them into a wealth of useful information. […]
Leading AEC Company Innovates Lab Testing
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[Podcast] Optimize Contract Processes for Consumer Packaged Goods & Distribution
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Contract Intelligence in Banking, Finance, & Insurance
The banking, financial services, and insurance (BFSI) sector is the backbone of global economies, handling complex operations, vast customer bases, and intricate regulatory environments. It also bears the critical responsibility of safeguarding sensitive customer data amidst a rapidly evolving landscape of cybersecurity threats, where breaches can lead to severe financial and reputational damage. While many […]
Transform with CloudMoyo IntelliDoc Analyze
Did you know unstructured data makes up an estimated 80% of all enterprise data? This data is often hidden within documents – PDFs, long contracts, customer feedback forms, call transcripts. How do you extract informational insights from all this data? With more than a decade of experience in the technology industry, CloudMoyo uses the latest […]
The Landscape of Contract Management with Generative AI
For senior executives, every decision counts, and contracts play a pivotal role in shaping those decisions. However, uncovering critical insights often means grappling with voluminous documents hundreds of pages long and packed with dense legal language. The process can drain resources, creating roadblocks for fast, effective decision-making. Sounds daunting, doesn’t it? Enter… generative AI. Revolutionizing […]
Semiconductor Manufacturer Migrates Legacy Contracts with Generative AI
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From Contract Management Implementation to Optimization
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Take Control of Contracts, Propel Growth
Contracts are the backbone of your supply chain, impacting both buy-side and sell-side operations. Poor contract management can cost companies up to 9% of their bottom line, leading to inefficiencies, missed milestones, and limited visibility into obligations. With scattered contracts and outdated processes, businesses struggle to manage supply chains effectively. Despite advancements in generative AI, […]