Many companies are turning towards automation, using artificial intelligence, big data analytics, deep learning, and cognitive machine learning to improve efficiency. However, these technologies may not be able to perform complex tasks or make decisions on their own. Humans and machines go hand in hand, the future of technology with…

Bulk Metadata Import in the context of Contract Management, refers to the migration of contracts with their allied data as a part of new CLM implementation. It is relatively used because the concept of the huge volume of migration is a new demand. …

Keeping up with industry trends is crucial in today’s fast-moving business world. Blogs rightly cater to this need by enabling professionals all over the world to stay informed. Despite news articles serving as the primary source of information, blogs continue to be the preferred content form. …

One challenge that Cenza is repeatedly enquired about is, “Why does my Contract Management Solution fail to comprehend the scanned contract files, which are ideally digital documents?” …

As business organizations’ need for the most effective Contract Lifecycle Management (CLM) solution gains more prominence, adopting a contemporary Contract Management System (CMS) becomes inevitable. This means decommissioning the existing platform and transferring all the contracts’ related data to the newly implemented system. In simple terms, this process is referred…

Before we learn the need for contract metadata and how an expert in the extraction process ensures the effectiveness, let’s take a glance at the basics. Metadata, in general, describes the digital content of varied types to facilitate its management, use, and, most importantly, discovery. If we translate this to…

However, a recent trend indicates that many firms have downsized the support staff at a higher rate than attorneys, bringing the ratio of attorneys to support staff to 4:1 or even 5:1. The reason is cost economies as the support members are not billable and are cost overheads for the…

Gone are the days when we struggled to store piles of files on shelves or a storage unit. With digitization taking the business world by storm, physical copies of all kinds of documents gradually become a thing of the past. And this is very true for contracts and other enterprise…

AI-powered contract review tools can enhance a lawyer’s efficiency by 34% and productivity by 51.5% — according to a study by Onit. This is clear evidence of how AI application in legal operations can benefit a legal team and the organization. …