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Contract lifecycle management (CLM) and Contract Intelligence: integrating AI for enhanced business efficiency
Contract lifecycle management (CLM) is a time-consuming but essential process, vital for reducing compliance risk, ensuring accurate billing and minimizing revenue loss. For many organizations, CLM is a manual process, and requires some specialist le
Strategic approaches to simplifying contract analysis with AI
AI is transforming how businesses manage contracts by automating time-consuming tasks and boosting efficiency. From reviewing dense legal documents to tracking important deadlines, AI can streamline these processes, allowing you to focus on core resp
AI contract negotiation: Optimizing productivity and innovating contract management for businesses
Contracts are the backbone of business, yet 72% of companies report that their contract management process is inefficient and time-consuming. For property and asset managers, this inefficiency can lead to missed opportunities, costly errors, and reve
How AI contract review automation transforms efficiency: exploring the benefits
In property management, handling contracts can often feel like a never-ending task. From sifting through dense legal jargon, to ensuring compliance with ever-changing regulations, the process can be both time-consuming and prone to errors. However, t
What is third party lease abstraction and how does it work?
In commercial real estate, contracts can be lengthy and complex documents. Lease abstraction is the process of creating shorter summary documents known as “lease abstracts”, setting out the key terms of a contract in an easy-to-read, standardised
What are the Benefits of Revenue Assurance?
In organisations where revenue streams are diverse and intricately woven, the need for effective financial oversight is critical. Revenue Assurance is a strategic approach that goes beyond financial control, offering a comprehensive framework to safe
A guide to revenue assurance and fraud management
Businesses with complex billing structures are particularly susceptible to revenue leakage and fraud. The intricacies inherent in their financial processes elevate the risk, as the complexity of billing systems that include particularities like disco
What is lease abstraction and why is it important?
In the commercial real estate industry, where contracts are complex documents, often exceeding 100 pages, lease abstraction provides much-needed efficiency and clarity. Understanding these documents day-to-day is a significant challenge, especially f