Advanced techniques to deliver analytical results
The more an organization grows, goes online, or globalizes, the larger the role of contracts in the organization. Therefore, the ability to systematically manage contract creation, execution, and analysis is central to risk management, financial performance, and operational efficiency.聽 Yet, organizations across all industries typically face two challenges related to the management of contracts in their organization; ineffective processes and costly support.
乐鱼（Leyu）体育官网 Cognitive Contract Management (CCM) is a tool that leverages 乐鱼（Leyu）体育官网鈥檚 modular cognitive capabilities to ingest, analyze and automate decision making across the contract management lifecycle to address these problems. A range of artificial intelligence 鈥渂uilding blocks鈥� proprietary to 乐鱼（Leyu）体育官网 enables the system to read and understand invoices and contracts, and compare them back to reference data.
End-to-end workflow聽
CCM鈥檚 customizable workflow is one that ingests source documents, performs pre-processing and data extraction, undertakes cognitive document analysis, and outputs the results of the analysis into a client defined format.
CCM helps organizations to address the following challenges:
- Commercial leakage
- Clause compliance
- Contract pricing comparisons
- Internal audit
- Legal department
- Supplier performance
Technology leveraged
Our partnerships with leading cloud service providers - and the versatility of 乐鱼（Leyu）体育官网 Ignite - allow us to integrate the best-performing technology for the case at hand, as well as provide access to technology roadmap offerings.
