For many global enterprises, COVID-19 has exposed how manual, paper-driven 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 contracts 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.
IACCM, Cognizant and Icertis join forces to discuss 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. Listen in to hear Sally Guyer, CEO of IACCM, Frank Marty, Global Head of Contract Lifecycle Risk Management at Cognizant and Bernadette Bulacan, Vice President, Legal Evangelist at Icertis, share their insights.
Data and insights surfaced from ICM by Icertis data scientists
How companies are taking advantage of newly created CLM data pools
The insights that companies are mining from these data pools with the power of artificial intelligence
Best practices to consider now in preparation for future crises and challenges
Chief Executive Officer
Global Head of Contract Lifecycle Risk Management
Vice President - Legal Evangelist