Posts by Kevin
5 Contract Management Challenges and how an AI-driven CLM solution can get your organization back on track
Advances in artificial intelligence (AI), including natural language processing (NLP), cognitive analytics, and pattern recognition, are making it possible to derive maximum value from large volumes of data without drastic increases in headcount and bureaucracy. At Mainspring, utilizing the power of AI means starting with contracts. An AI-enabled Contract Lifecycle Management (CLM) system standardizes data,…
Read More4 Reasons why smart companies choose AI-powered CLM over traditional CLM
Organizations are under constant pressure to reduce costs and mitigate risks in nearly every department. Looking at the holistic contract management lifecycle, the benefits of an artificial intelligence-driven contract lifecycle management (CLM) solution positively impact every aspect of the process. Advances in artificial intelligence (AI)—including effective risk management, improvement of business resilience, and a higher…
Read MoreHow AI-Driven CLM Can Help Increase Efficiency and Shorten Sales Cycles for Your Sales Team
As machine learning and artificial intelligence continue to transform the contract lifecycle management process, much of the focus tends to be on how it can improve legal review or procurement. But AI-driven CLM solutions have a vital role to play in the sales process as well. Here are 10 examples of how AI-driven CLM solutions…
Read MoreHow AI-Driven CLM can lower costs and increase efficiency for Procurement Teams
Across virtually every organization, sourcing and procurement departments are under constant pressure to reduce cost and mitigate risks. The big data revolution in digital technology has put more information at our fingertips than ever before, which represents both an incredible opportunity and a significant challenge. The larger the volume of information, the greater the resources…
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