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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.

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Blogs

6 Benefits of Accelerating Cloud Migration for Financial Services

In recent years, cloud adoption has gained pace across industries and has moved to the forefront of business transformation. This has never been more obvious than now, as the COVID-19 pandemic has accelerated cloud migration and the cloud infrastructure market growing by 25% in 2021 (Forrester). Cloud architecture is providing what many companies are looking […]

Read more January 26, 2021
Industry perspective

The Way Ahead: Maximizing Equipment Lifetime with Predictive Maintenance

The industrial manufacturing and production sectors have experienced a digital revolution recently. Facing growing volumes of enterprise data, companies in this sector are looking for creative solutions to put real-time, streaming data to use by obtaining actionable insights from it. Data modelling, IoT analytics, and predictive maintence analytics are allowing asset managers to stay ahead […]

Read more January 13, 2021
Blogs

Why Data Warehouse Modernization is a Key Component for Your Data Strategy

Rapid digitalization has contributed significantly to the exponential growth of created, captured, and consumed data. According to Statista, the global data sphere has expanded to 59 zettabytes in the year 2020. Given this immense growth, traditional data warehousing systems are insufficient for a modern enterprise and surfaces the need for data warehouse modernization. Taking a step back, […]

Read more January 06, 2021
Industry perspective

How Sales Teams in the Manufacturing Industry Leverage Power BI Sales Reporting and Dashboards to Drive Their Business Forward

For manufacturers, there is a need to constantly monitor live data from the factory floor in order to optimize their operations. They use business intelligence and interactive visualizations for data gathering and advanced analytics to enhance operational efficiencies. As a data visualization tool, Power BI gives business users actionable insights alongside the following benefits:        Improved efficiencies […]

Read more December 28, 2020
Industry perspective

Leveraging Microsoft Power BI in the AEC Industry to Automate Financial Functions

Construction has become a complex industry with massive and expensive projects, with data generated daily. Finance professionals in this industry often find the manual process of gathering and processing data for decision making tedious and time-consuming.   Owing to its ease of use through intuitive dashboards, Power BI is an extensively used tool for industries like the architecture, […]

Read more December 28, 2020
Blogs

How Cloud-Native App Development is Reshaping Businesses Today

The ‘digital transformation’ revolution across industries is succeeding in establishing a digital-first world. What does this look like? Organizations are migrating their infrastructure to the cloud in what has become a two-fold increase in the employment of managed cloud services in 2020 from 2018. Business leaders are hard at work to integrate IT and business together to […]

Read more December 28, 2020
Blogs

Top Data Visualization Best Practices You Should Follow

Have you ever struggled in drawing conclusions from hundreds of rows of information on a spreadsheet? As disruption and digitalization are omnipresent, data is increasing at an ever-growing speed—and so are your spreadsheets. Given these dynamics, it’s practically impossible for the human eyes to make inferences from trillions of data rows generated daily. As we […]

Read more December 27, 2020
Blogs

Embedded Power BI Custom Print Functionality

How to print an entire Power BI report content with a single click As a data visualization tool, Power BI provides rich visualization, self-service functionalities, as well as the ability to embed Power BI reports into your organization’s applications—a feature that helps organizations to securely embed dashboards into an application in order to provide seamless integration in a cost–effective way.  Today, Power BI has limitations when it comes to the printing of the entire report content. The tool only allows you to print the visuals and the data […]

Read more December 04, 2020
Webinars

Snowflake Data Warehouse Implementation on Azure

Get a behind-the-scenes look at how CloudMoyo implemented Snowflake data warehouse on Microsoft Azure in order to solve for a customer’s challenges: Limited insights due to legacy data architecture Information latency Limited analytical capabilities because of disparate, on-premises data storage Lack of actionable, statistical reports Low-performance reporting CloudMoyo partnered with the customer to adopt Azure […]

Register Now October 15, 2020
Blogs

Setting Up for Success: Governing Self-Service BI

By Manish Kedia, Co-Founder & CEO, CloudMoyo Note: This article was originally published in TDWI, your source for in-depth research and education around all things data, on October 2, 2020. To read the full article, click here. The immense growth of data, a pressing need for data-driven decision making, and the increased availability of business intelligence (BI) […]

Read more October 09, 2020
Webinars

Transforming Your Contracts and Enterprise Data Into Strategic Business Assets

How can Icertis customers drive more value out of the Icertis Contract Intelligence platform (ICI)? 360° business view with a single source of truth Identify the number of penalties or the impacts of penalties on projects Assess project risks Identify patterns and anomalies Break data silos of enterprise sources Quick and timely reporting resulting in […]

Register Now September 23, 2020
Blogs

Investing in Self, Family, Community, and Business

By Manish Kedia, CloudMoyo Co-Founder & CEO Six months ago, the world was thrown a massive curveball, as an unimaginable global pandemic took over our lives. As we cross this threshold, we’ve also learned and grown into this not-so-new “normal.” Along with us, our partners, families, customers, and communities have adjusted to new ways of working and living. […]

Read more September 15, 2020