CobbleStone Software, a leading contract management software provider, has hit a major milestone of 500,000 clauses on their million-clause initiative.
PRINCETON, NJ (SEPTEMBER 27, 2022) - CobbleStone Software has been ‘feeding’ clauses to VISDOM AI (CobbleStone Software’s proprietary contract intelligence engine with machine learning) since April 2022 and has recently surpassed the 500,000 mark.
This initiative was launched in efforts of enriching the AI system and optimizing the contract lifecycle process. With the addition of this initiative, users can expect a more integrated system in which managing the contract lifestyle can be a bit more user-friendly.
Named-entity recognition (NER) and natural language processing (NLP) are important factors that helped this project come to life. VISDOM AI can feature more than 140 different standard clause types and some of them include:
- Intellectual Property (IP) Clauses
- Waivers
- Confidentiality Clauses
- Amendments
To read the full list, click here.
“We are very excited to reach this major milestone and look forward to soon achieving the full million clauses. We’re halfway there and this initiative is a powerful step towards enhancing an already robust system,” says Bradford Jones, Vice President of Sales and Marketing at CobbleStone Software.
Contact CobbleStone Software to schedule a free demo. For more information, email Sales@CobbleStoneSoftware.com or call 866-330-0056.
About CobbleStone Software:
CobbleStone Software is a celebrated leader in contract management software solutions whose flagship CLM software solution – CobbleStone Contract Insight – expedites contract management, vendor management, eProcurement, and eSourcing processes while offering seamless integrations, ease-of-use, and high scalability. CobbleStone's contract lifecycle management solutions provide simplified contract and vendor tracking, highly configurable email alerts, user-friendly calendar notifications, intelligent contract workflow automation, highly robust security options, streamlined authoring of contract templates with dynamic clauses, centralized revenue/cost management, detailed text indexing and searching, future-minded vendor/client ratings, robust document version control, custom contract management reports, speedy IntelliSign® electronic signatures, more intelligent contracts with VISDOM® artificial intelligence and machine learning, and more.
Follow CobbleStone Software on social media:
To stay up to date on contract lifecycle management industry trends and news, subscribe to CobbleStone’s Contract Insights blog.
