AI Company Case Study
Artificial Intelligence Solutions Provider
Company builds leading artificial intelligence solutions to advance the most important interests of society. They help customers analyze complex data, empower decision making, and transform human and industrial productivity with award-winning machine learning technology.
The company needed to create process and controls over the dozen different types of contracts processed by the contracts team. Each contract type had a different approval process and negotiation guidelines, which created a slow review process that routinely took weeks to process an agreement from submission to execution, while simple NDAs got hung up in long ‘first come, first serve’ queues.
Bigfork Technologies’ ALOE was selected as the only solution that could streamline the contract management process while providing the General Counsel with overview into the non-contract matters being worked by her team.
In the first quarter post ALOE implementation:
By using ALOE to prioritize and categorize different contract types, and assigning the work based on incoming data, the team was able to quickly move nearly 40% completely through the process to execution, shaving days off of the old process time.
Integration into e-signature software allows them to know instantly whether items have been sent for signature and returned or are still pending without spending the time tracking down emails.
Integration into Salesforce allows for a seamless NDA request process that removes manual review and creation of templated NDAs. Once fully implemented, the integration will reduce the number of NDAs the contract team handled by the contracts team by 40%.