Challenges
In the publishing industry, managing complex contracts is critical to avoiding legal and financial risks. Manually reviewing these agreements is time-consuming, error-prone, and exposes publishers to potential disputes and losses. A leading publisher sought to address the below challenges by implementing Straive’s AI-driven Contract Analysis solution, transforming their contract management and mitigating risks effectively:
- Significant risk exposure due to missed terms
- Time-intensive reviews, slowing operations
- Potential for human error, leading to legal disputes
Approach
Straive deployed an AI-driven contract analysis solution to automate the review process, ensuring high accuracy and efficiency. This helped the publisher address inconsistencies, omissions, and areas of concern in real-time.
Impact
- Successfully reduced legal risks
- Contract review time cut by over 50%
- 99% accuracy in reviewing contract terms
About Us
At Straive, we operationalize data analytics and AI for global enterprises. We leverage our unique people-process-tech framework to build the best-of-breed data analytics & AI solutions. By operationalizing this solution into your core workflow, we deliver real-world measurable impact and better ROIs through a combination of higher efficiency, elevated experiences, and enhanced revenues.
For more information about our services and how we can help you operationalize data analytics and AI, please visit our website: www.straive.com contact us at contact@straive.com.
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