AI Based Contract Analytics A must to mitigate Enterprise Risk (Computers - Software)

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Item ID 130729952 in Category: Computers - Software

AI Based Contract Analytics A must to mitigate Enterprise Risk

It is a known fact that the success of any organization is solely dependent on the volume of business they do in a fiscal year along with how they were able to effectively manage risks arising from the contracts they have signed with their vendors, customers, partners and employees

To start with, lets understand the various ways an Enterprise can be exposed to potential risks regarding the contracts.

Unable to trace the signed contract on time
Contracts are managed by various stake holders across the organization and several copies are rotated back and forth until the final contract is signed off by both parties. Most organizations who do not have a central repository of contract documents keep these signed contracts in several places that include Emails, Cloud storages like Google Drive, Drop box, file cabinets in case of paper based scanned documents, USB drives and so on. When there is a contract breach or dispute it becomes humanly impossible to go over so many places and sniff through the contracts and get to the right one on time.

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Target State: California
Target City : Sun valley
Last Update : Mar 28, 2020
Number of Views: 52
Item  Owner  : Docskiff
Contact Email:
Contact Phone: +1 408 824 9133

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2020-06-01 (0.077 sec)