CobbleStone Software, a leader in contract management and eProcurement software, is excited to announce simple, AI-Based contract record creation with VISDOM®, now available with the release of Contract Insight® version 17.5.0.

Contract creation has never been easier, thanks to Contract Insight’s drag and drop record initiation. Now available out-of-the-box, this new VISDOM-integrated feature allows users to easily import a variety of file types for record initiation (such as MS Word and PDF documents).

Once a file is dropped, Contract Insight users can select the contract type they want to create. Next, VISDOM’s data pre-processing engine uses built-in natural language processing (NLP) functionality to auto-extract and auto-fill pieces of key information in an easy-to-read set of tables.

Clauses detected within the document are also displayed, and users can compare clauses to those within their library. NLP is configurable, so Contract Insight administrators can arrange the tool to meet the needs of their organization.

Discover how simple contract creation can be with VISDOM’s AI-powered, drag and drop contract record initiation, complete with auto-extraction and backed by NLP!

“CobbleStone’s VISDOM AI-based drag and drop record initiation transforms and streamlines the way Contract Insight users create contracts, requests, purchase orders, bids, and much more. With this innovative feature, we continue to lead in the industry by providing CobbleStone users with better usability and governance over their entire source-to-contract platform.” - Bradford Jones, Director of Sales & Marketing at CobbleStone Software

Read “Artificial Intelligence 101: Introducing AI Into Contract Management” to discover improved contract oversight, proactive opportunity realization, and advanced understanding of contract risk. Download the AI-101 whitepaper today!

About CobbleStone Software

CobbleStone Software has been a leader in providing enterprise contract management, vendor management, and eSourcing software solutions for over 20 years and is trusted by thousands of users. CobbleStone’s contract management solutions provide contract and vendor tracking, configurable email alerts, calendar notifications, contract workflow management, robust security options, authoring of contract templates with dynamic clauses, revenue/cost management, full-text indexing and searching, vendor/client ratings, document version control, custom reports, electronic signature, smarter contracts with artificial intelligence and machine learning, and more.

To learn more about Contract Insight, contact the CobbleStone Team at sales@cobblestonesoftware.com or call 866-330-0056.

This press release was previously published.