What is Legacy Contracts and How Find It?
Dolphin Software has recently launched a new solution called Dolphin AutoCapture that existing contracts will automatically detect and extract key data related milestone contracts. This data is presented in a management dashboard independent analysis and filtering, or can be exported to the solutions lifecycle management of the contract, like dolphins Contract Manager.
Customer A recent project for a group of major media in South Africa resulted in 26 fields of contract milestone data extracted from 40,000 contracts in force, which was previously saved in TIFF format may not be searchable.
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Legacy contracts represent a major challenge for every organization since they are distributed across multiple geographies and repositories and in different formats. Managing renewals, assignments, terminations and amendments is extremely difficult and error-prone. Extracting key attributes from contracts are time consuming and expensive.
Legal Process Outsourcing (LPO)companies including cenza are partnering with CLM software providers in extracting key attributes from contracts and migrate onto a CLM for tracking and reporting. In this way, companies are able to realize true benefits and insights residing within the contracts.
Yeah Cenza is a good company which supports legacy contract extraction and migration
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