Congrats to Cimplifi for the announcement that Cimplifi launches AI-Powered CALM™ managed services practice and contract review application! Part of the press release is below, here’s the full release.
Cimplifi Launches AI-Powered CALM™ Managed Services Practice and Contract Review Application, CI Contract
CI Contract is the Industry’s First Large-Scale AI-Powered End-to-End Contract Analytics and Review Platform for Regulatory and M&A Use Cases
NEW YORK – March 15, 2023 — Cimplifi™, an integrated eDiscovery services and contract analytics provider, announced today the expansion of their contract analytics and lifecycle management (CALM) practice with the offering of AI-powered managed services for contracts along with the release of CI Contract, a platform that combines best-of-breed eDiscovery technologies and contract analytics tools to deliver an expedited contract portfolio assessment for large-scale contract review.
Cimplifi advises on all aspects of contract analytics and lifecycle management. Leveraging expertise across a wide range of verticals, Cimplifi implements CLM software and provides experts to streamline workflow processes that leverage every aspect of AI. The new platform, CI Contract is the industry’s first end-to-end contract analytics and review platform leveraging the most advanced AI technologies in the industry.
Expanding into AI-powered managed contract services, Cimplifi supports clients with ongoing needs for contract lifecycle management as well as the analysis and review of their contracts. Through supplemental support and dedicated skilled resources, Cimplifi deploys contract analytics, AI, and other emerging technologies to maximize the long-term benefit and value of existing contract technologies.
Joining Cimplifi to lead CALM managed services is industry-leader Justin Vergara. Justin brings with him a diverse background and passion for providing valued insight to clients and for creating new partnerships.
“Expanding into managed services is a natural next step for Cimplifi and we are excited to welcome Justin to the team,” said Charles Post, executive vice president, CALM. “His enthusiasm for providing superior client service coupled with his passion for relationship building and client advocacy make him a fantastic addition to the team.”
CI Contract, a contract review and analytics platform built for large-scale contract review, combines hands-on legal and contracts expertise with artificial intelligence, leveraging proven technologies, methodologies, and custom analytics to reduce volume, cost, timelines, and risk in order to surface key information and provide vital insights from contracts faster, with increased accuracy and efficiency. CI Contract integrates RelativityOne with leading contract analysis tools. Using CI Contract, contract portfolios can be searched and de-duplicated, analyzed, key data extracted and reviewed, culminating in a report for analysis.
“Large-scale contract review is an antiquated, inefficient, and expensive process that is ripe for automation,” said Post. “CI Contract is purpose built for a wide range of use cases, including M&A projects and regulatory requests, such as the recent bank failures. These use cases have historically been disruptive to business operations, draining resources, time, and budgets.”
The attorney-led contract analytics and lifecycle management (CALM) practice at Cimplifi offers digital solutions to transform complex contract and document portfolios across a diverse range of industries including procurement, financial services, healthcare and life sciences, manufacturing, technology, real estate, and insurance.
Congrats again to Cimplifi for the announcement that Cimplifi launches AI-Powered CALM™ managed services practice and contract review application!
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