Hello there,
My name is Quentin Russell, and I am the Engagement Specialist here at Doc 365. Today, I will be presenting a webinar on how artificial intelligence supports contract lifecycle management.
Before we begin, let me tell you a bit about Doc 365 and who we are. We have over 19 years of experience working with Microsoft solutions to build powerful productivity tools. We are a Microsoft Gold Certified Partner specializing in said Microsoft products and everything. We help companies build out their contract management processes using their existing Office 365 and SharePoint Online subscriptions. We have aided a wide array of companies across various industries to take control of their contract lifecycle management processes. If you are interested in a demo, visit our website at mydoc365.com. You can sign up for a free 30 to 45-minute session where we will go over your needs and see how DocCMS can fit those needs.
In today's webinar, we will cover:
What is Artificial Intelligence?
Artificial Intelligence (AI) is technology that allows programs to mimic human intelligence. AI learns from experience via iterative processing and algorithmic training. It can solve problems, produce solutions, answer questions, make predictions, and offer strategic suggestions.
How Does AI Work?
AI systems work by combining large sets of data with intelligent iterative processing algorithms to learn from patterns and features in the data they analyze. Each time an AI processes data, it measures its own performance and improves over time.
Pattern Identification: AI can identify connections and form insights between relevant documents and new contracts.
Data Extraction: AI can sift through third-party contracts to extract important pieces of metadata like important dates, parties, and payment terms.
Clause Indexing: AI can identify and index clauses within a contract, making it easier to catalog and reference in future contracts.
Legal Review: AI can aid in reviewing contracts for issues with wording, grammar, and clauses.
Risk Evaluation: AI can help identify data showing potential risks within a contract.
Many AI contract management providers partner with third-party AI companies, posing potential data exposure risks. However, Doc 365 builds its contract management system on top of your Office 365 environment using Microsoft Cognitive Services. Your data remains secure within your Office 365 tenant.
Microsoft Cognitive Services: These allow organizations to leverage AI for contract management purposes. They live within your tenant, ensuring data security.
With Doc 365, you can upload contracts and extract meaningful metadata automatically. This includes identifying clauses and important dates seamlessly. Our AI capabilities come with the system, eliminating additional charging for AI functionalities.
How It Works:
Sign up for a demo at mydoc365.com to explore our system further.
Feel free to type your questions in the chat.
Contact Info:
Follow us on LinkedIn: Doc365.
Thank you for joining today’s webinar.
What is AI?
How does AI help in contract management?
What types of AI are there?
How secure is AI contract management?
What are the limitations of AI?
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