Contract Review Process Automation
IntelliBuddies AI-driven Unified RDA platform optimizes Contract Review Management effortlessly
Background
As a Legal department member responsible for contract review automation, you serve as the liaison between the Legal department and other corporate entities. While the legal team, including attorneys and paralegals, collaborates with various departments to oversee contract creation and execution, your role involves overseeing the implementation and management of automated contract review processes. You work closely with legal professionals to identify key requirements and ensure that the automation tools effectively streamline the contract review process. Additionally, you are tasked with interfacing with upper management to secure approvals for adopting and integrating new automation technologies into the legal workflow. Despite the benefits that automation brings, challenges such as ensuring the accuracy and reliability of automated systems, addressing compliance concerns, and managing the transition to automated processes are areas that require your attention and expertise.
First, you see that the entire process is top-down as well as bottom-up driven – with request/approval/reminder/escalation schematic.
Next, you figure that your team spends a lot of time manually carrying out monotonous, routine and "high volume / low value” tasks. The department is understaffed, overburdened, and overstressed and often misses deadlines.
You would rather have a system to:
Automate your manual workflows, help your team consistently meet targets on time, cut the cost of the process at macro and micro levels, improve overall employee experience, integrate with standard Database/ERP systems, provide business analytics, and help utilize cognitive services.
Now you are wondering how. You may of course invest in multiple disparate systems to meet your objectives – BPM, RPA, AI/ML, Analytics. However, your costs will skyrocket, connecting disparate systems would only mean implementation overheads and incompatibility issues. This is where an AI-driven intelligent automation platform plays a key role.
IntelliBuddies is an AI-Driven Unified Platform that provides complete Digital Transformation. It comes with inbuilt BPM and RPA engines, provides custom AI methods as well as interfaces to Open AI/Azure/AWS/Google cognitive services, dynamic reports, and integration with standard databases and ERP system.
Process Flows
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