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How to Accelerate Digital Transformation for your Middle Office: An Agile Approach to CLM and CPQ

The middle office is the space that bridges the front and back offices. The functions associated with information management are called “the mid-office.” It consists of disciplines like contract lifecycle management (CLM), configure price quote(CPQ) or supplier relationship management (SRM). As digital transformations continue to grow in importance for companies, so does the need for…

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Top 5 CLM Trends for 2022

An AI-enabled contract lifecycle management (CLM) system standardizes data, automates compliance, and provides visibility into the entire contract management process. Leveraging contract management technology allows businesses to overcome challenges and become more resilient. It is imperative for businesses to have effective and efficient contract management to mitigate risk in today’s business dynamic.  Below are 5…

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Mainspring Consulting Group Welcomes Newest Member to its Executive Advisory Board – August 2022

Steve Obenski joins the Executive Advisory Board Chicago, Illinois — Mainspring Consulting Group LLC, a leading provider of innovative business solutions for the Middle Office, welcomes Steve Obenski to its Executive Advisory Board. “We are excited to have Steve Obenski join our advisory board.”, states Mauro Caputi, Chief Revenue Officer and Partner at Mainspring, “He…

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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,…

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4 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…

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How 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…

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How 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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10 Reasons Why You Should Use AI-Driven CLM For Legal Operations

According to research conducted by World Commerce & Contracting, poor contract lifecycle management processes decrease the average organization’s profitability by 9.2% annually. Improving your organization’s CLM is no longer a question of “can we afford to do this” — it’s a question of “can we afford not to?”  Fortunately, with the advent of artificial intelligence-powered…

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Why is CLM AI Consulting Important, and What Can You Expect?

Artificial intelligence and machine learning are unlocking unprecedented efficiencies in contract lifecycle management (CLM). These powerful tools can help organizations that find themselves overwhelmed by the volume of their own contract data. But equally overwhelming can be the question of where to get started with an AI focused CLM implementation. Mainspring makes that decision easy.…

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How Can Machine Learning and AI Optimize the Legal Department?

In the never-ending pursuit of greater productivity and efficiency, legal departments are being asked to handle increasing responsibilities without commensurate increases in budget or resources. A greater emphasis on shortening turnaround times also threatens the integrity of legal review. As “doing more with less” becomes a default expectation, legal departments that cannot find ways to…

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