Leveraging Contract Lifecycle Management with Machine Learning: Managing Potentials and Perils
Contracts are essential business assets. Having outdated processes to manage them in today’s technologically advanced business landscape can do more harm than good to companies. It is vital organizations put a robust contract lifecycle management (CLM) solution in place to streamline and optimize contract processes.
A growing trend is the integration of machine learning with CLM, which leads to reduced contract cycle times and effective management of risks. However, to ensure success, organizations need to know where and how they should start modernizing their CLM processes.
In this LIVE webcast, a panel of key thought leaders and practitioners assembled by The Knowledge Group will provide you an in-depth analysis of the latest CLM and machine learning trends and developments you can apply to your organization as well best practices and practical tips to help you modernize your CLM strategies.
Some of the major topics that will be covered in this webcast are:
- The most recent trends and developments in Contract Lifecycle Management (CLM)
- What to look for when selecting an intelligent CLM solution
- Best practices and practical tips when integrating machine learning
- Predictions of what to expect from the evolution of CLM and machine learning
Ajay Dawar, VP, Product Management
- IML and where he is currently seeing success
- Speed of Contracting and Trends Surrounding Negotiating Online
- Robust Control Processes
- Move Away from Microsoft Word from Legal Teams
Michael Stevens, Managing Director and Head of Contract Management
Duff & Phelps, LLC
- Machine Learning extraction needs to be melded with desired data model
- Machine Learning is vital for legacy migration, but only part of the larger effort to find legacy contracts, create family relationships, extract data, and load
- When and how to insert Machine Learning into process flow for new contracts
Tyler Marion, Managing Director and Head of Managed Services
Duff & Phelps, LLC
- Leveraging AI for Family Build
- Curation of AI Solutions
Who Should Attend:
- Contract Managers and Administrators
- Legal and Compliance Executives
- Procurement Directors
- Finance Executives
- IT Executives
- Chief Risk Officers
- Chief Executive Officers
Ajay Dawar is a Product Executive at Apttus responsible for the Contract Management Product Line and AI/ML initiatives. He has 20+ years of experience in Product Management with a deep knowledge of Sell side processes and Contract Management processes. He works with Customers and partners to further Apttus’ vision and mission of delivering commercial excellence in the middle office - specifically to improve the speed and accuracy of highly negotiated agreements, by leveraging modern technologies such as mobile, voice assistants and AI/ML.
Ajay Dawar is a Product Executive at Apttus responsible for the Contract Management Product Line and AI/ML initiatives. He has …
Michael has more than 30 years of experience providing operational and technology consulting services to leading corporations and law firms. His particular expertise lies in the areas of contract management, matter management/eBilling, intellectual property management, document management, and operational and business process improvements. Michael is the leader of Duff & Phelps’ Contract Management implementation service offering. In this capacity, Michael has helped many large global companies identify and then implement enterprise-wide contract management processes and technology.
Michael earned a Bachelor of Science in Electrical Engineering, Virginia Polytechnic Institute and State University.
Michael has more than 30 years of experience providing operational and technology consulting services to leading corporations and law firms. …
Tyler Marion is a Managing Director in the Management Consulting business. Tyler brings more than 18 years of combined legal practice and legal operational experience. His primary areas of expertise are in mergers and acquisitions, and operational consulting. Tyler has spent the last 11 years developing outsourcing models and managed services for corporate clients. Prior to such, he was a member of the corporate development group for a UnitedHealth Group. Tyler leads Duff & Phelps’ Contract Managed Services offering.
Tyler earned a bachelor of science from the University of Oregon and a juris doctor degree from the University of St. Thomas, in Minneapolis, Minnesota.
Tyler Marion is a Managing Director in the Management Consulting business. Tyler brings more than 18 years of combined legal …
Print and review course materials
Method of Presentation:
On-demand Webcast; Group-Internet Based
General knowledge of contract management
NY Category of CLE Credit:
Areas of Professional Practice
NASBA Field of Study:
Information Technology - Technical
Unlock All The Knowledge and Credit You Need
Leading Provider of Online Continuing Education
It's As Easy as 1, 2, 3
Get Your 1-Year All Access Pass For Only $199
Commercial Excellence for Every Possible Tomorrow
Apttus is a Silicon Valley-based global provider of a Middle Office platform that allows enterprises to modernize and optimize their most critical revenue processes and business operations. Apttus is powered by the most advanced technologies from Salesforce and Microsoft. Analysts rank Apttus as the global gold standard for Quote-to-Cash (QTC) and Contract Lifecycle Management (CLM) solutions. We partner with a world-class ecosystem of partners handpicked for their Quote-to-Cash domain expertise, vertical experience and commitment to customer satisfaction. Apttus customers include hundreds of the world’s mid-sized organizations and the who’s who of the Global 1000. For more information visit: www.apttus.com
About Duff & Phelps, LLC
Duff & Phelps is a global advisor for clients in the areas of contract management, valuation, corporate finance, investigations, disputes, cyber security, compliance and regulatory matters For contract management, we work with clients across diverse sectors, to optimize processes, policies, and staffing, to extract intelligence from contract documents, design and implement contract management solutions, and operational support.