Intelligent Contract Management

O�ce Address:Datum Solutions, LLC410 N Shortridge RoadIndianapolis, IN 46219

Telephone: (+1) 317 790 6818Fax: (+1) 317 863 107Email: info@datumsolutions.netWebsite: www.datumsolutions.ne

Introduction

As contract lifecycle management (CLM) technology gains widespread adop-

tion as a necessary tool for today’s businesses, forward-looking organizations

are moving beyond CLM into contract intelligence. Intelligent Contract Man-

agement is a new approach to CLM that provides companies the ability to

dynamically analyse contracts in the context of the systems and processes

that drive business towards progress. Intelligent tools use the power of AI to

ensure that the intent of every contract is fully realized, from initiation and

signing to obligation management and analytics. All the while, the system

generates real-time, high-impact insights, so companies can enjoy

unmatched visibility into precisely driving the information they need.

With Intelligent Contract Management, organizations will scale compliance

across thousands or even millions of contracts. This advanced technology

employs continuous observance and smart rules to a company’s entire con-

tract portfolio to minimize risk and trigger applicable actions as conditions

modify and change. It learns and grows along with your business, gripping

new data to become smarter and quicker over time.

How is Artificial Intelligence bringing change in Contract Management Solutions?

Adding Artificial Intelligence into Contract Management solution helps strate-

gizing and making informed decisions with a better understanding of the

contract risks and relationships between both the data and patterns. AI helps

streamline data insertion, evaluation, and risk identification tasks with auto-

mated data entry and risk assessment mapping.

Basically, Intelligent Contract Management solution provides the building

blocks that professionals would need for improved contract oversight, proac-

tive opportunity identification, and risk mitigation.

Traditional Contract Management v/s Intelligent Contract Management

Uses templates and clause

libraries to standardize the

contents

Digitizes and stores contracts

in central location

Automates workflows with a

focus on contract creation

and execution

Grows in volume as new con-

tracts are added

Uses AI – based tools to

structure contracts and

streamline processes

Dynamically links entitle-

ments, obligations, and other

data to your critical business

systems including ERP, CRM

and P2P

Ensures all agreements are in

compliance and commit-

ments are upheld through-

out the lifespan of the con-

tract, even as conditions

change

Grows in value by generating

new insights

with every transaction

Traditional Contract Management

Intelligent Contract Management

Problem Statement: Issues faced/ Challenges faced:

Unnecessary manpower and long working hours are wasted in

a process of checking 1000+ documents daily.

Documents with 100+ pages with complex and varied struc-

ture to be analysed.

Analysing non-searchable (image) PDF and multi-page TIFF

files.

Processing handwritten data amendments with key informa-

tion.

Organizations have to adhere with high cost of recruiting its

staff for the manual work.

High risk Compliance issue – a breach would cost millions of

penalties.

How does ‘Intelligent Contract Management’

help? / Features:

Eliminates Risk – Automates the process and checks 100% of

the document.

Uses Customized and dedicated machine learning

model.

Reports Color-coded classification like red, amber, green clas-

sification against each document.

Provides higher utilization of staff – Focuses on real sanction

issues instead of checking non-issues.

Uses Natural Language Understanding (NLU) to extract key

data

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Need to know more? Happy to Help.

To enhance your Intelligent Contract Management Capability, Schedule a meeting with our team of experts https://outlook.office365.com/owa/calendar/DatumSolutions@datumsolutions.net/bookings/

Or simply leave in your contact details in the link below, and one of our team members will reach out to you.https://www.dcgteam.com/contact-us/

Spain

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USA

8520 Allison Point Blvd,Suite 220Indianapolis, IN 46250Tel: (+1) 317 790 6818Fax: (+1) 317 863 1071

India - Bangalore

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Montenegro

Serdara Jola Piletića Br. 22PodgoricaTel: (+382) 67 508 033

UK

Suites 9&10 Park House77-81 Bell StreetReigate, Surrey, RH2 7ANTel: (+44) (0) 1737 233946

Serbia

Vitezova Karađorđeve zvezde 50BelgradeTel: (+381) 69 35 25 171

Australia

161 Keilor RoadEssendon VIC 3040

Moldova

Datum Solutions SRLGrigore Ureche 69,Chisinau

MoldovaMoldova

Romania

Datum Consulting Grup SRLsos. Stefan cel Mare nr.5, bl.6,

scara A, etaj 1, ap.4, sector 2

Bucharest

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About Datum Solutions

Our Offerings:

Datum Solutions is a privately held company founded in 2010 and located in Indianapolis, Indiana, USA. With global operation across eight countries, we specialize in providing Enterprise Content Management (ECM), Business Process Management (BPM), Case Management and Cloud based solutions to meet the business needs of operational departments of commercial businesses and government agencies. With over 300 ECM professionals on board and experience in 250 successfully implemented ECM projects worldwide, our project delivery model allows us to implement innovative technology solutions including managed and hosted outsourcing options which assist our clients in meeting their business goals.

Business-IT Strategy Creation

Business Value Identification

Business Application Development

Operations & Maintenance Optimization

Data & Platform Migration

RapidECM Product Family

Industry Specific Accelerators

Cloud and Hybrid Cloud Migration Services

External Content Enablement

Hosting & Managed Services

Office Address:Datum Solutions, LLC410 N Shortridge RoadIndianapolis, IN 46219

Telephone:(+1) 317 790 6818

Fax:(+1) 317 863 1071

Email:info@datumsolutions.net

Website:www.datumsolutions.net

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