Cenza’s Bulk Metadata Import Services to get our new CLM System in order
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…
Why Legal Process Outsourcing is the right choice for you?
During the COVID-19 pandemic, corporate legal departments and law firms around the world struggled to meet the new normal’s demands. Budgeting, resource management, and process optimization issues have put pressure on entire businesses. Organizational restructuring…
Lighten the load for attorneys – Outsource Legal Word Processing
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…
Contract Metadata Extraction – the whys and hows answered!
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…
Building your CLM system with Contract Metadata
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…
How you can tighten the rein with CLM
World Commerce and Contracting calculated that poor contract management practices cost businesses an average of 9% of revenues each year. Irrespective of business type or work style, organizations that need to unlock value and provide superior…
Why AI is the best aid for legal operations?
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…
The Pivotal Role of Data Annotation in AI-Powered Legal
Data annotation or labeling plays a vital part in transforming content into recognizable formats for machines. In other words, tagging or labeling facilitates a system to transform data into more intelligent outputs/insights. It means raw…