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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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Customer success story

Leading Engineering & Construction Company Optimizes Quote Creation

In today’s business landscape, companies seek automation and more efficient business processes to not only save time but money. According to a survey conducted by Formstack and Mantis Research, spending time on inefficient tasks can cost some organizations up to $1.3 million. CloudMoyo developed a pricing tool to support our client, a leading engineering and […]

Read more February 29, 2024
Customer success story

Global AEC Firm Predicts Soil Type Using AI/ML

In the complex world of AEC projects, the constant struggle to manage time and resources is real. Embracing the technological wave, especially the current AI trend, can be a game-changer. Our recent collaboration with a leading US-based AEC firm is a testament to the impact AI can have on streamlining critical processes. Our client faced […]

Read more December 06, 2023
Industry perspective

[Download] Navigating from Data to AI with Snowflake

Generative AI started trending in 2023, and momentum hasn’t slowed down. We’ve seen gen AI build trendy school portraits, recreate voices, write essays, and more. It has the power to reduce time, labor, and resource requirements in business processes in an unprecedented way. According to a survey conducted by McKinsey, “40 percent of respondents say […]

Read more December 01, 2023
Videos

[Podcast] Navigating from Data to AI with Snowflake

In this exclusive podcast, Sanket Saraph, Director of Analytics and Data Science at CloudMoyo delves into the dynamic trio of Snowflake services reshaping the data landscape for companies that want to move from just managing their data to infusing AI. Join Sanket Saraph in a conversation about: Snowflake Data Cloud for Data Mesh: Dive deep […]

Read more November 29, 2023
Videos

[Podcast] Azure-Based Generative AI

Join us for a discussion with Abdul Husain, one of CloudMoyo’s Innovation Advocates, all about generative AI with a focus on Microsoft Azure! Azure OpenAI is a fully managed service that allows developers to easily integrate OpenAI models into their applications. With Microsoft Azure, the Large Language Models (LLMs) used in the generative AI component […]

Read more November 15, 2023
Industry perspective

[Download] Unleash the Power of Generative AI

Enterprises are faced with the task of harnessing the power of AI to achieve excellence. As they adopt generative AI for organization-wide applications, there’s a pressing concern about data being shared outside of the organizations. Microsoft addresses this concern with Azure OpenAI, providing a robust assurance that data remains firmly within the organization’s control. CloudMoyo, […]

Read more October 11, 2023
Webinars

Unleash the Power of Snowflake on Azure

Snowflake is a data warehouse that has seamless integrations with the Azure Data Factory – a cloud-based integration service that provides a unified platform for connecting data sources, processing data, and monitoring data pipelines.   The integration between Snowflake and Azure allows organizations to take advantage of the cloud, connect disparate data sources, and make sense of that […]

Register Now September 26, 2023
Blogs

CloudMoyo Introduces Its New Characters, Come Say Hi!

Once upon a time (we mean early Q2 of 2023), the team at CloudMoyo felt that something was missing from their brand’s messaging. Technology as a subject can be complex for many. Team CloudMoyo wanted to bridge the gap between tech jargon and the everyday person to foster better communication. They needed something that would […]

Read more September 15, 2023
Blogs

Contract Analytics 101: Advanced Insights & AI

Many enterprises have contracts sitting in various repositories, file shares, and servers with key terms and data buried in their text or in Contract Lifecycle Management (CLM) platform. Statements of work, indemnifications, assignment terms, revenue recognition policies, auto-renewals, and unknown incentives are a few examples of contract information that add risk and impact liabilities. Since […]

Read more September 13, 2023
Webinars

Reach for the Cloud: Unlock Your Potential with Cloud Migration

Cloud migration has grown quickly in the last few years as the COVID-19 pandemic changed the landscape of work. Companies have made strategic decisions to move to the cloud, allowing flexibility for working from home, simplifying IT, increasing agility & flexibility, and reducing overall business costs. Gartner predicts that by the year 2026, 75% of […]

Register Now September 12, 2023
Blogs

Using Generative AI at Your Enterprise: Development & Data

ChatGPT, Bard, Copilot – do these sound familiar? In the last year since ChatGPT’s launch, artificial intelligence has made waves and headlines, transforming the way the everyday traverses life. Students can build essays, marketers can write headlines, a small business owner can make graphics, and developers can refine lines of code all at the touch […]

Read more September 06, 2023
Customer success story

Leading Canadian Rail Company Implements CloudMoyo Crew Management to Streamline Crew Scheduling

Canada has enforced new duty and rest period rules on railway companies to ensure a balance between employee well-being and operational efficiency. These rules are meticulously designed to grant railway personnel essential recovery time between shifts and promise enhanced safety and performance. The challenge lies in how to seamlessly adapt a business to these new […]

Read more September 06, 2023