For many enterprises, the COVID-19 pandemic is exposing how typical contracting processes are painfully insufficient during a crisis. As the virus spreads, companies find themselves in a mad scramble to surface specific details and aggregate knowledge about their world-wide contracts, risks, obligations and entitlements. Who are they doing business with? And on what terms?
While legal counsel have quickly provided solid advice on how to interpret critical clauses, many companies find themselves unprepared to find the documents necessary to apply this guidance. Conversely, companies that have digitized their contracting processes and deployed an enterprise-wide, AI-infused contract management platform are able to quickly surface critical contract language and prioritize areas of business requiring immediate attention.
In this webinar, contract management technology experts Monish Darda, Niranjan Umarane and Bernadette Bulacan share how artificial intelligence is being deployed to quickly extract data and enable commercial and contract professionals to work more confidently as they respond to COVID-19.
Data and insights that are currently being extracted from ICM by Icertis data scientists
How artificial intelligence can be used to quickly extract clauses, like force majeure, that have an immediate impact on business in this type of crisis
Other contract data inquiries that are top of mind for enterprises as they work to address known risks and identify unknown risks
Best practices to consider now in preparation for future crises
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