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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

15 reasons why you should opt for a cloud data warehouse

Data holds the power to transform the business landscape, helping you to discover business insights and aids in decision-making. Yet, enterprise systems today generate large amounts of data, which is certainly not a piece of cake to manage. This new type of data comes with high volume, variety, and velocity, and is popularly known as […]

Read more March 19, 2018
Blogs

Understanding the concept of self-service BI in the cloud

Do you use self-service BI? No? Think again… How often have you selected few parameters, set some filters and got a report of your banking transactions from the internet banking facility of your bank? Or as a web marketer, haven’t you configured custom reports to get insights into your website visitors and their behavior? These […]

Read more February 28, 2018
Blogs

Building enterprise-class machine learning apps using Microsoft Azure

In our earlier post, we introduced the concept of Machine learning (ML) and also some types as well as applications in real world. In the second part of this series, lets peek into how to build Machine learning apps using Microsoft Azure. What is Azure Machine Learning Studio? Microsoft breaks down the use of Machine Learning (ML) […]

Read more January 30, 2018
Blogs

An ultimate, beginner’s introduction to machine learning

For many people, their first experience and introduction to Machine Learning was the ‘Recommendations’ feature on Amazon. The system was able to predict future choices to a consumer based on what previous choices they had made. Many people conflate the concepts of Artificial Intelligence and Machine Learning, whereas, AI is the ability of a machine […]

Read more January 10, 2018
Blogs

ABC of cloud data warehousing terms – A glossary

Data Warehouse, also known as enterprise data warehouse, is considered as one of the core elements of BI (Business Intelligence). Data warehouse is a system or means for reporting and data analysis and also supports the decision-making process. The process of planning, constructing, and maintaining a data warehouse system is called data warehousing. Now, to have an […]

Read more December 11, 2017
Blogs

A beginner’s guide to Microsoft’s Azure Data Warehouse

Your business data is extremely POWERFUL, only if you are able to use it properly– to generate valuable and actionable insights. However, it is also imperative to organize and analyze it well. A recent report says, less than 0.5% of the business data is actually stored and analyzed in a right way. As an impact, enterprises lose over $600 billion […]

Read more November 30, 2017
Blogs

Top 10 factors to consider while choosing a self-service BI solution

According to the report released by Gartner, the global market of Business Intelligence (BI) and analytics software will expand to reach $18.3 billion by the end of 2017 and shall continue to grow till 2020 to reach $22.8 billion.  Business users increasingly demand the access to important business data in real time. Business Intelligence (BI) is […]

Read more November 16, 2017
Blogs

5 reasons why you need a Power BI implementation partner

If you are still clouded on the idea of whether or whether not to have a Power BI implementation partner, you must read this blog. The answer is yes! Yes, you should have an implementation partner for Power BI. Power BI is a marvelous resource to any business. It is an asset that can bring […]

Read more November 13, 2017
Blogs

What is the future of the cloud data warehouse?

The emergence of the data warehouse transformed the business information management landscape which was previously restricted to manual methods, complex & unwieldy spreadsheets and was generally inaccessible to the general users. Its exponential and rapid growth has made companies realizes the value of the data they generate. This gave rise to the environment of cloud […]

Read more October 25, 2017
Blogs

A deep dive into the Microsoft Azure Data Lake and Data Lake Analytics

Today, large enterprise organizations are struggling with an ocean of data. From online shopping analytics to the Internet of Things (IoT) sensor data, the modern IT team is inundated with raw or semi-raw data captured from every side of the organization. These entities have begun dumping this raw data into a holding tank called the […]

Read more October 08, 2017
Blogs

Top 3 things to look for in your contract management implementation partner

Contracts are the foundation of commerce. To better handle contracts by standardizing and automating the contracting process, ensuring greater control, better supply chain agility and responsiveness and improved execution speed, today’s enterprises are hunting high and low for an easy yet advanced contract management solution. Why do you need a contract management implementation partner? While […]

Read more October 05, 2017
Blogs

6 things to check before contract management software implementation

For every enterprise, managing contracts is a critical and challenging task. Even a simple question around contract expiry dates or the location of the latest version of a contract can slow down a critical transaction or process. To maximize workflow efficiency, many organizations have now started using digital documents or Document Management System (DMS). However, […]

Read more October 03, 2017