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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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Industry perspective

Essential capabilities for workforce compliance in trucking

Compliance can often get lumped into the category of complex, time-consuming, and manual—more a series of must-do’s than essential approaches to ensuring safety in your fleet and workforce management. The reality is, compliance doesn’t need to be this complex. In fact, workforce management software promises to support your compliance initiatives and improve efficiency across your […]

Read more December 31, 2019
Industry perspective

Smart driver duty assignments for HOS compliance

Digital transformation is changing the face of driver duty assignments for carriers today—including workforce safety and fleet safety. With the increasing applicability of AI and ML technologies in the transportation industry, formerly manual, reactive, and often error-prone processes like duty assignments or the logging of hours are changing into something more predictive and automated to […]

Read more December 27, 2019
Industry perspective

Deriving greater value from your Azure SQL Data Warehouse

The need for a robust data warehouse has become evident after analytic requirements were at odds with the existing operational database performance. To run a complex query on the database requires it to enter a temporary state which is unsustainable for transactional databases, gives rise to the need for a data warehouse. Today, the most […]

Read more December 08, 2019
Blogs

Implementing an Effective Extract, Transform, Load Process for Your Data Warehouse

  The world of data has been growing exponentially, and the data management industry is totally changed from what it was a few years ago. Around 90% of the current data has been generated in the last couple of years only. According to a report by Domo, our continuous data output is nearly 2.5 quintillion […]

Read more December 03, 2019
Blogs

A simple introduction to Azure Synapse analytics

One of the key announcements of the recently-concluded annual Ignite conference in Orlando, Florida, by Microsoft, was the newest Azure service for enterprises: Azure Synapse Analytics. It’s the latest enhancement of the Azure SQL Data Warehouse that promises to bridge the gap between data lakes and data warehouses. Since the coordination between these two is […]

Read more December 01, 2019
Blogs

A beginner’s introduction to Natural Language Processing (NLP)

It’s not easy to train machines on how humans communicate. In recent years, numerous technological innovations have enabled computers to recognize language the way we humans do. This blog will introduce Natural Language Processing and some of its essential aspects. What is Natural Language Processing Natural Language Processing (NLP) is a branch of artificial intelligence […]

Read more November 07, 2019
Blogs

An introduction to PowerApps and the Power Platform

Microsoft’s PowerApps jumped on the scene in 2015, back when the tool was originally launched. Over the course of 4 years, PowerApps has matured into a strategic tool that helps businesses from a variety of industries and of various sizes to build scalable, business applications with minimal coding and a fast, point-and-click approach. In light […]

Read more August 21, 2019
Blogs

Making the most out of your contract management system with contract intelligence

Digital transformations are sweeping through businesses and industries today. 62% of respondents to the 2018 Gartner CEO and Senior Business Executive Survey indicated that they are working on initiatives to digitalize their business. This momentum is impacting processes and workflows across industries and roles as companies look for ways to support smart business decision-making through actionable insights. […]

Read more August 08, 2019
Industry perspective

Big Data and The Cloud: A Match Made in Heaven

Big data and cloud are two of the most disruptive technologies to hit enterprise computing since the internet itself. Together, they can change the way companies compete, as well as the future of enterprise computing. Download the whitepaper to learn more.  

Read more June 26, 2019
Industry perspective

Avoid these common pitfalls while implementing a data quality strategy

Data quality is an asset to build a knowledge base. Organizations use it to perform a variety of critical data quality tasks, including correction, enrichment, standardization and de-duplication of your data. For building business intelligence and analytics environments, it’s imperative to maintain high data integrity. Your business intelligence implementation partner requires strong data to help […]

Read more June 26, 2019
Industry perspective

Advanced Analytics with Power BI

An enterprise contains a large amount of data that has the power to deliver actionable insights that can be leveraged to gain competitive advantages. Data is the driver factor; it makes you capable of uncovering breakthroughs and address new business challenges. Managing mountains of data can be challenging. To truly leverage it requires knowledge of […]

Read more June 01, 2019
Industry perspective

Quickstart your AI journey A Beginner’s Guide

The world is talking about artificial intelligence (AI). AI has infinite potential to renovate your business and boost its growth and success. However, implementing AI isn’t an easy task. You may face some challenges while implementing AI. So, how do you start with AI? Before gearing up to implement AI, ask yourself these questions: Do you […]

Read more May 15, 2019