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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 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
Webinars

Future-Proof Your Data Platform & Applications

Blueprint Your Modernization Journey with Our Experts Orginally broadcasted April 25, 2023 9:30 am PDT 45 minutes Your business & enterprise architecture is an important part of running your business, especially as your organization grows. Enterprise architecture is defined as “the holistic design of people, processes, and technology to execute digitally inspired strategic goals” – MIT Sloan Review. A strong enterprise architecture is […]

Register Now August 26, 2023
Customer success story

Non-Profit Implements Contract Intelligence Solution in Partnership with CloudMoyo

In the dynamic world of real estate, companies often experience rapid growth, leading to an expanded portfolio of properties across diverse locations. This expansion results in an increased volume of contracts with various stakeholders, such as tenants, property managers, and vendors. Handling these contracts efficiently becomes a crucial challenge for real estate businesses seeking to […]

Read more August 09, 2023
Blogs

How to Build Modern Enterprise Architecture: Best Practices

In one of our last blogs – Building Business Architecture for Resilience – we touched on the importance of building a strong data architecture for your organization. And while data can make up a huge part of your enterprise and informs decisions made, we can’t forget the importance of application architecture at an enterprise. What […]

Read more August 03, 2023
Webinars

Ensure Compliance with CloudMoyo Crew Management

Duty & Rest Period Rules by the Government of Canada for Freight Railway Companies On May 25th, new Duty & Rest Period Rules were implemented by the Government of Canada. These regulations govern the minimum amount of time off a railway employee must be provided between shifts. They ensure that railway workers have sufficient time between shifts to rest and recover, reducing the risk of accidents […]

Register Now August 01, 2023
Blogs

How to Migrate to the Cloud: Enterprise Cloud Migration

Gartner predicts that by the year 2026, 75% of organizations will undergo a digital transformation predicated on the cloud as the fundamental underlying platform. This forecast underscores the necessity for businesses to embrace cloud migration, as it’s evolved from being just an advantage to a necessity for sustainable growth and competitiveness. Cloud migration can revolutionize […]

Read more July 25, 2023
Customer success story

Investors Title Transforms with Contract Intelligence

Are you struggling with contract management inefficiencies? For growing organizations, most inefficiencies arise from the limited capabilities of a basic contracting platform. Implementing a robust contract intelligence platform requires the expertise and guidance of an experienced partner who can seamlessly navigate the evolution of your contract management solution. With their industry knowledge and implementation proficiency, […]

Read more July 13, 2023
Blogs

Thriving During a Recession with Technology

As the second quarter of 2023 comes to an end, a huge question on many of our minds is, “when will the recession happen?” We first heard of a looming recession around July 2022 as interest rates rose and prices were increasing like crazy. Economists all around the world told us to prepare for a […]

Read more June 28, 2023
Customer success story

Leading AEC Firm Boosts Analytics Capabilities with Power BI

It’s common for engineering companies to invest in applications or build a homegrown application for recording and collecting project data. However, this isn’t enough to make crucial business decisions. Analyzing data from multiple projects can be a complicated task, especially when dealing with large volumes of data. It can be difficult to analyze this data […]

Read more June 14, 2023
Customer success story

Leading AEC Firm Streamlines Reporting with Power BI Premium

The Architecture, Engineering, and Construction (AEC) industry relies heavily on IT infrastructure to manage daily operations, which can be limited in terms of scalability and capacity. This becomes a challenge for companies in the AEC industry. As projects grow in size and complexity, the demands placed on IT infrastructure can quickly become overwhelming, leading to […]

Read more June 07, 2023
Blogs

ChatGPT vs Humanity – EQ trumps IQ

Since ChatGPT was released in November 2022, it’s become a phenomenon that’s swept the globe. You see content creators on social media using ChatGPT to build skincare routines or recommend makeup. It’s also been used to write social media copy, blog posts, and even lines of code. With ChatGPT’s rising popularity, we also see criticism […]

Read more May 24, 2023
Customer success story

Energy Solutions Company Improves Reporting Capabilities with Cloud Migration

“Renewable energy is the future. It’s not a question of if, it’s a question of when and how fast we can make the transition.” – Bill Gates. Businesses are relying increasingly on cloud migration to support their IT infrastructure. According to Gartner, worldwide end-user spending on public cloud services is forecast to grow 20.7% to […]

Read more May 24, 2023