From Reactive to Proactive: How AI is Shaping Procurement
If you’re still on the fence about whether AI fits into your business, it’s time to reframe the question. AI isn’t just a trend, it’s becoming the engine behind smarter, faster, and more resilient business decision-making. So, where do you start with AI implementation? Procurement might just be your best starting point. Once seen as […]
Why Companies Migrate to Microsoft Power BI
In today’s fast-moving, data-driven world, organizations live and breathe by the insights they can pull from their data. Whether it’s optimizing operations, forecasting trends, or driving better customer experiences, business intelligence (BI) tools have become essential. But here’s the thing… Not all BI tools are created equally, and sometimes, even the best platforms need a […]
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 […]
[Download] CloudMoyo Migration Assistant
According to a report by 6sense, Microsoft Power BI commands a notable 13.84% market share – a figure that continues to grow as more organizations shift their reporting from other BI platforms to Microsoft Power BI. The reasons behind this migration vary: They might be using a BI tool that demands deep technical expertise, making […]
Transforming Operations with Contract Analytics
Picture this: your business handles hundreds (if not thousands) of contracts each year. Each contract contains valuable information that may be used to drive strategic decisions, streamline operations, and improve business outcomes. Contracts were formerly static and ignored papers, but the worldwide trend toward digital transformation has transformed them into a wealth of useful information. […]
Contract Intelligence in Banking, Finance, & Insurance
The banking, financial services, and insurance (BFSI) sector is the backbone of global economies, handling complex operations, vast customer bases, and intricate regulatory environments. It also bears the critical responsibility of safeguarding sensitive customer data amidst a rapidly evolving landscape of cybersecurity threats, where breaches can lead to severe financial and reputational damage. While many […]
Transform with CloudMoyo IntelliDoc Analyze
Did you know unstructured data makes up an estimated 80% of all enterprise data? This data is often hidden within documents – PDFs, long contracts, customer feedback forms, call transcripts. How do you extract informational insights from all this data? With more than a decade of experience in the technology industry, CloudMoyo uses the latest […]
The Landscape of Contract Management with Generative AI
For senior executives, every decision counts, and contracts play a pivotal role in shaping those decisions. However, uncovering critical insights often means grappling with voluminous documents hundreds of pages long and packed with dense legal language. The process can drain resources, creating roadblocks for fast, effective decision-making. Sounds daunting, doesn’t it? Enter… generative AI. Revolutionizing […]
From Contract Management Implementation to Optimization
So, you’ve got a contract lifecycle management (CLM) platform, it’s been implemented, and your contracts are being stored in an electronic repository. It’s a huge improvement from manual contract management in other platforms. But how do you unlock the full potential of your CLM platform? An Ideal Contract Lifecycle Management System When you’re first looking […]
Take Control of Contracts, Propel Growth
Contracts are the backbone of your supply chain, impacting both buy-side and sell-side operations. Poor contract management can cost companies up to 9% of their bottom line, leading to inefficiencies, missed milestones, and limited visibility into obligations. With scattered contracts and outdated processes, businesses struggle to manage supply chains effectively. Despite advancements in generative AI, […]
Award-winning Engineering Firm, CloudMoyo, Announces Strategic Refocus
TUESDAY, OCTOBER 1, 2024 – 8:00 AM PDT – BELLEVUE, WA – Award-winning digital engineering firm, CloudMoyo, has announced an exciting strategic refocus. CloudMoyo will be refreshing their business strategy to focus on contextualizing their technologies to a variety of industries like finance, technology, transportation, retail, and more. Their teams will soon be verticalized, with […]
A Beginners Guide to Data Visualization
Our world is filled with information. Each time we make an expenditure, engage in a phone conversation, witness a live event, send an email, or click a link, it turns into a data value. However, how can businesses use all that information to make wise decisions? Just as crucial as the evaluation itself is the […]
[Infographic] CloudMoyo ContractLync Application
Contract Lifecycle Management (CLM) has become an integral part of business processes today. Organizations have contracts everywhere, from vendors to NDAs to buy-side and sell-side contracts. While many companies have implemented a CLM platform to manage their contracts, they may be limited to specific users like members of the legal department. However, contract intelligence can […]
[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 […]
[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, […]
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 […]
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 […]
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, […]
Contract Intelligence for Chief Finance Officers
As a Chief Finance Officer, you’re responsible for ensuring the financial health of your organization. One key aspect of this is effectively managing contracts, which have a significant impact on your organization’s bottom line. Did you know that the average cost of poorly managed contracts is about 9.2% of an organization’s annual revenue? This is […]
Automating the Procurement Process: S2P versus P2P
Tired of learning acronyms? We promise we’re nearly done with acronyms on this specific topic – procurement! In simple terms, procurement means all the activities involved in getting goods or services. In the business world, these activities fall on procurement teams who negotiate costs with vendors, prepare contracts, and issue purchase orders. They also monitor […]
Improving the Procurement Process Through Source-to-Pay Platforms
B2B, B2C, CRM, AI… you’re probably tired of hearing and memorizing all these business acronyms because you’ve already chosen a platform/software that serves those acronym’s purposes (Microsoft Power BI ring a bell?). But there’s a new acronym to know that’s especially important for procurement teams at organizations – S2P, aka Source-to-Pay. What is Source-to-Pay? “Do […]
CloudMoyo Implements Contract Lifecycle Management Solution at National Financial Services Company, Increasing Efficiency and Scalability
The possibility of losing money is scary for an individual and even organizations with more to lose. Companies that belong to the financial services industry help customers safeguard their wealth and reduce financial risk. However, when it comes to safeguarding these financial organizations against the risks of non-compliance, Contract Lifecycle Management (CLM) is the foundation […]
Financial Services Company Upgrades Contract Lifecycle Management Process with CloudMoyo
Inflexibility, no visibility, decentralized storage of existing contracts, and the inability to track changes are just a few of the many challenges that financial services companies face in their Contract Lifecycle Management (CLM) process when they’re supporting customers in achieving their financial goals. Given the nature of the industry, the risk is always high. Add […]
4 Ways Low Code is Transforming the Banking and Finance Industry
The banking and finance industry is thinking about low-code and no-code platforms. Low-code is a software development approach that requires little-to-no coding and is used to build applications and processes. Low-code democratizes the ability to quickly create apps without coding, automate workflows, and create personalized experiences for customers in reduced timelines. Ready to understand how […]
How a Large Tax Company Transformed Big Data Architecture with Azure HDInsight
Big data management has become increasingly difficult with the volumes of data growing exponentially and companies struggling with maintaining cost and performance with an old, fragmented architecture. Therefore, businesses are searching for solutions to collect and store structured or unstructured data in a more efficient and cost saving way. For this customer, a large tax […]
The Standard Partnered with CloudMoyo to Enhance Visibility Into Contracts
The Standard, a CloudMoyo customer, sought to implement and configure Icertis Contract Intelligence and streamline their contract management process. Their main objective was to have obligation management to gain visibility into renewal and expiry of their contracts. Other needs include a single repository for all agreements, enhanced search capabilities, and an overall digitized workflow. The […]
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 […]