Category : AI and ML

Cenza Partners with ContractWorks to Support in Contract Extraction and Migration

Cenza, a leading provider of contract extraction and migration services, announces a strategic partnership with ContractWorks, a easy-to-use, affordable contract management software for businesses who need a quick and reliable way to get a handle on contract obligations. Now, using a combination of ContractWorks’ built-in artificial intelligence and Cenza’s contract…

The top players in the AI-powered contract management space

We’ve compiled a list of some of the best companies in the world that operate in the contracts space and leverage the power of artificial intelligence (AI) and machine learning (ML). These legal AI players incorporate emerging technologies to either fully or partially automate services across the lifecycle of a…

IFRS 16: Cenza’s lease extraction services ease the burden for accounting firms

The change Accounting for leases is divided into finance leases and operating leases. Prior to IFRS 16, operating leases were not included on balance sheets, and instead could be accounted for through profit and loss accounts as rent expenses. IFRS 16 stipulates that all operating leases now be accounted for…

Legal services providers to soar post-pandemic

The 2019 novel coronavirus (COVID-19) is hitting the health, financial welfare, political stability of countries across the globe. The decisions our governments take in the next few weeks and months will shape our future to a large extent. The impact of the pandemic is so significant that it will be…

Contract AI Tools Bring Together the Best in Human and Artificial Intelligence

Every formal business and legal dealing starts with a contract. Contracts are a source of valuable information in the event of disputes, renewals, or certain strategic decisions. They need to be maintained and tracked to ensure obligations are met by all parties involved. Despite their importance, it is no secret…

5 advantages of migrating legacy contracts to a new CLM system

Legacy contracts are legally binding agreements that are either active or have matured. They are very important to any type of company as they contain quite a bit of information about past decisions that could be pertinent to future strategy. As the legal space becomes more dependent on technology, many…

Why migrating legacy contracts is vital

What are legacy contracts? Legacy contracts are legally binding agreements that are either active or have matured. Sometimes, these contracts can be decades old, making them hard to find or process. While technology has made life easier in terms of actually preparing and navigating contracts, the use of too many…

Five Ways That Artificial Intelligence and Machine Learning Are Transforming Legal Practice

Artificial intelligence can be extremely confusing and a little threatening too, at least for those of us who are not computer scientists.  It introduces us to a strange new vocabulary of terms and concepts, such as natural language processing and neural networks, and we have only the vaguest idea of…

Noted Legal Tech Expert Bob Ambrogi Interviews Contract AI Company LinkSquares CEO

Last week, legal technology expert and journalist Bob Ambrogi interviewed Vishal Sunak, Founder and CEO of LinkSquares, a leading contract AI company. Cenza reports here on the conversation Bob and Vishal had about a major new LinkSquares product announcement, the company, and its place in the legal market. How did…

The Rise of Legal Operations and What Comes Next

Legal operations started as a handful of people two decades ago. Today, it has become a robust discipline with many practitioners. I was delighted to have the chance to interview one of the leading legal operations pioneers, Steph Corey of UpLevel Ops. I met Steph in 2018 doing work for…