CobbleStone Releases Next Generation Contract Management Artificial Intelligence Engine
CobbleStone Software – a leading player in AI-based contract management software– continues to innovate and improve the industry with its proprietary contract intelligence engine, VISDOM® AI. With the release of Contract Insight® Enterprise Version 17.7.0, CobbleStone further expanded VISDOM for better clause extraction, clause recognition, natural language processing (NLP), and machine learning.
VISDOM’s natural language processing (NLP) streamlines contract lifecycles with automated data extraction, data pre-processing, and auto-fill of critical information within contract records. With document clause detection, users can easily compare clauses within their organization’s pre-approved clause library.
Contract Insight also provides tools for clause extraction and clause identification that promote a cutting-edge machine learning process. Built-in contract intelligence allows the system to intelligently find common clauses within documents being added.
Organizations can continuously improve clause recognition with the ability to add text from contract clauses to training data for advanced machine learning. Subsequently, data entry speed and accuracy are improved, and clauses can be intelligently categorized for improved workflow processes – complete with percentages of confidence provided in those clause categorizations.
“Here at CobbleStone Software, we have always stressed the importance of innovating to better serve our clients’ evolving needs. As contract complexity and contract volume grow, CobbleStone’s VISDOM AI proves to be a winning solution for future-minded source-to-contract management processes.” – Bradford Jones, Director of Sales & Marketing at CobbleStone Software
“Our leading, AI-based contract management software suite is a critical component for next-level contract lifecycle management. Our winning solution enhances data identification and extraction, promotes ongoing machine learning, modernizes advanced clause management with automation, and so much more. Our clients can step into the future of contract management artificial intelligence with VISDOM’s user-friendly, highly configurable, and scalable interface.”