Key Highlights
- OptiSol partnered with a business consulting company to transform their contract management using elsAi Contract.
- The firm faced challenges with manual contract reviews, complex legal terms, and delays in approvals.
- We implemented an automated CLM system with features like real-time collaboration, AI-powered risk insights, and digital signatures.
- As a result, the firm achieved faster contract processing, better risk management, and improved client satisfaction through enhanced contract handling efficiency
Problem Statement
01
Manual Contract Review Bottlenecks: The consulting firm struggled with slow, manual contract reviews, leading to delays in service delivery for their clients.
02
Complex Legal Terms and Risk Identification: Handling large volumes of contracts with intricate legal terms and clauses made it difficult to manage risks effectively.
03
Inefficient Collaboration and Approvals: Lack of real-time collaboration tools and manual approval workflows resulted in further delays and miscommunication between stakeholders.
Solution Overview
01
We worked with a business consulting company to deploy elsAi Contract, our GenAI-powered Contract Lifecycle Management (CLM) accelerator, to automate their entire contract process.
02
Our elsAi automated the review process, extracting key terms, summarizing lengthy contracts, and identifying risks quickly, reducing the time spent on manual reviews.
03
Our solution integrated real-time collaboration features, enabling the consulting team and their clients to work together more efficiently on contract drafts, revisions, and approvals.
04
elsAi’s AI-driven insights offered negotiation tips, highlighted potential risks, and provided relevant suggestions to ensure smooth client interactions and legal protection.
05
We integrated digital signature capabilities and version management to ensure seamless execution of contracts and prevent miscommunication during revisions.
Business Impact
About The Project
OptiSol worked closely with a business consulting firm to optimize their contract management operations using elsAi Contract. This project focused on simplifying and automating the firm’s approach to handling large volumes of legal documents, improving overall workflow efficiency. By leveraging our GenAI-powered solution, the firm transitioned from manual, time-consuming processes to a streamlined system that provided real-time insights, collaborative features, and seamless execution of contracts. The integration of digital signatures and version control enhanced the firm’s ability to maintain contract accuracy and traceability. This transformation not only increased operational efficiency but also significantly improved the firm’s ability to meet client demands and ensure better legal risk management.
Client Appreciation
“OptiSol’s Contract Lifecycle Management solution has greatly improved our efficiency and compliance. Their support has made a big difference in our operations.”
Tech Stack
Testimonials of Our Happy Clients
Ken Kisner
Global Head of Digital R&D
My experience has been incredibly positive. They were incredibly easy to work with, even with changing requirements.
They are incredibly competitive, but are only a fraction of the cost of US companies.
They are definitely the most professional of the foreign companies that we were looking into.
Nyswyn K.
Director of Software Development
Our journey with OptiSol has been nothing short of remarkable. For over 7 years, we have partnered with them on our digital transformation, and the results have been truly transformative.
Over the years, we have come to trust OptiSol Business Solutions as a reliable and strategic partner.
Al Bagiro
CTO, Auto Insurance Company
The AI engine was completed on time and trained to 90% accuracy. Their eagerness to learn new knowledge impressed us.
Their team is large to handle multiple projects at once, and likes to resolve challenges as well as learn new things. They also welcome regular communications, and of course, needless to say, develop everything in sprints.
Dan Talken
Founder, CEO, & CTO, My Equipment Library, LLC
OptiSol Business Solutions has shown youthful skill and dedication to the projects. Moreover, they have been quick to implement their solutions without sacrificing the quality of each platform.
We’re constantly impressed with their speed and quality of the development that they achieve on a consistent basis.
Dr. A.K Pradeep
CEO MachineVantage
Exceptional Collaboration and Expertise - A Top-Notch Partner for AI, ML, and Digital Applications.
I have had the privilege of working with an exceptional team of professionals from India on numerous AI, ML, and digital application projects. Their expertise in these domains is remarkable, and they consistently impressed us with their knowledge, resources, and innovative approach.
Rick Tigges
CFO, Bemodo
They are very responsive and able to shift focus quickly as we have needed it for business reasons.
OptiSol Business Solutions has been great at documenting the timeline of the project. They were very responsive and were able to shift focus quickly, as well. They discuss what they’re working on without any issues. So far, there’s no need to improve their service.
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