Key Highlights
- OptiSol partnered with a global procurement team to deploy elsAi CLM, a Generative AI-powered solution that automated contract workflows, strengthened contract compliance, and enhanced vendor oversight.
- The client faced challenges with fragmented contract data, limited visibility, and high compliance risks, slowing down procurement operations.
- By leveraging GenAI capabilities such as natural language querying, document parsing, and centralized storage, contract access became faster and more reliable.
- The solution reduced manual workloads, lowered operational costs, strengthened compliance, and optimized vendor relationship strategies across the organization.
Problem Statement
01
Manual Processes: Contract reviews, renewals, and storage were handled manually, leading to delays, errors, and missed obligations.
02
Data Silos: Contracts were stored across multiple systems without central access, limiting visibility and slowing decision-making.
03
Compliance Risks: Inconsistent governance made it difficult to track compliance clauses, exposing the organization to regulatory risks and penalties.
03
Vendor Complexity: Lack of centralized history restricted vendor analysis, reducing negotiation power and cost-saving opportunities.
Solution Overview
01
GenAI Querying: elsAi CLM enabled natural language interaction with contracts, providing instant access to obligations, risks, and timelines.
02
Document Parsing: Automatically extracted clauses, renewals, and compliance terms using NLP and GenAI, reducing manual effort.
03
Central Repository: Unified all contracts into a secure, searchable database for quick retrieval and controlled access.
04
Insight Generation: Generated real-time insights on vendor performance, renewals, and opportunities to support strategic procurement.
05
Automated Compliance: Continuously scanned contracts for mandatory clauses and compliance markers, reducing legal risks and audit failures.
Business Impact
ABOUT THE
Project
OptiSol implemented the elsAi CLM solution for a global procurement team to modernize contract handling. Built using spaCy, OpenAI, Flask, and LangChain, the platform enabled contract parsing, natural language querying, and centralized storage. This streamlined reviews, enhanced compliance tracking, and consolidated scattered data. The solution empowered faster procurement decisions, optimized vendor strategies, and delivered measurable cost and efficiency gains.
Tech Stack
FAQs
Why should enterprises move from manual contract management to elsAi CLM?
Manual processes are error-prone and slow. elsAi CLM automates workflows, centralizes storage, and provides real-time insights, improving efficiency, accuracy, compliance, and decision-making across contract lifecycles.
Can elsAi CLM ensure compliance with global regulations and audits?
Yes. elsAi CLM continuously monitors mandatory clauses, validates compliance terms, and flags risks, ensuring enterprises stay audit-ready and aligned with global regulatory requirements.
How does natural language querying work in contracts?
Users can ask plain-language questions, and elsAi CLM instantly extracts relevant obligations, risks, and dates from contracts using advanced GenAI and NLP models for accurate responses.
Can elsAi CLM handle multiple contract types (procurement, vendor, legal, finance)?
Yes. elsAi CLM supports diverse contract categories, including procurement, vendor, legal, and finance, by parsing, classifying, and managing terms centrally for faster access and governance.
What measurable benefits can enterprises expect?
Enterprises achieve cost savings, stronger compliance, and faster decisions with elsAi CLM, including reduced operational costs, improved vendor negotiations, and enhanced procurement efficiency.
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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