Tracking and managing all contractual obligations through the use of an AI-enabled platform

The Client wanted to create a common central repository for all contracts which could be accessed by all relevant stakeholders while simultaneously providing real-time visibility of contractual obligations along with data analytics and reporting.

• The Nexdigm team assisted the Client in this process by first evaluating Artificial Intelligence (AI) based contract abstraction platform tools. We suggested a highly accurate AI tool which automated the extraction of key contract data. This facilitated an efficient process of migrating all legacy contract information data into the Contract Lifecycle Management (CLM) tool.
• We also helped the Client conduct rigorous testing and evaluation of other accurate AI-enabled platforms which was completed within a span of 45 days.