Netrix Global’s Post

In a time where AI is all the talk of business tools, accurate data and document processing is a key driver to transforming the way you work. In legal and finance there are enormous volumes of paperwork in middle office operations bogging down time and resources. In our blog, expert Martin Bianco discusses examples of how law firms and financial institutions can benefit greatly from cloud-native intelligent document processing built on Amazon Web Services (AWS) Read more here: https://lnkd.in/eRTfTcYV Connect with our experts to help bring your AI vision to reality: https://lnkd.in/g7hXjNEB

In a time where AI is all the talk of business tools, accurate data and document processing is a key driver to transforming the way you work. In legal and finance there are enormous volumes of paperwork bogging down time and resources. In our blog, expert @Martin Bianco discusses examples of how law firms and financial institutions can benefit greatly from cloud-native intelligent document processing built on @AWS. Connect with our experts to help bring you AI vision to reality, Learn How We Solve Business Problems - Netrix Global

In a time where AI is all the talk of business tools, accurate data and document processing is a key driver to transforming the way you work. In legal and finance there are enormous volumes of paperwork bogging down time and resources. In our blog, expert @Martin Bianco discusses examples of how law firms and financial institutions can benefit greatly from cloud-native intelligent document processing built on @AWS. Connect with our experts to help bring you AI vision to reality, Learn How We Solve Business Problems - Netrix Global

In a time where AI is all the talk of business tools, accurate data and document processing is a key driver to transforming the way you work. In legal and finance there are enormous volumes of paperwork bogging down time and resources. In our blog, expert @Martin Bianco discusses examples of how law firms and financial institutions can benefit greatly from cloud-native intelligent document processing built on @AWS. Connect with our experts to help bring you AI vision to reality, Learn How We Solve Business Problems - Netrix Global

In a time where AI is all the talk of business tools, accurate data and document processing is a key driver to transforming the way you work. In legal and finance there are enormous volumes of paperwork bogging down time and resources. In our blog, expert @Martin Bianco discusses examples of how law firms and financial institutions can benefit greatly from cloud-native intelligent document processing built on @AWS. Connect with our experts to help bring you AI vision to reality, Learn How We Solve Business Problems - Netrix Global

In a time where AI is all the talk of business tools, accurate data and document processing is a key driver to transforming the way you work. In legal and finance there are enormous volumes of paperwork bogging down time and resources. In our blog, expert @Martin Bianco discusses examples of how law firms and financial institutions can benefit greatly from cloud-native intelligent document processing built on @AWS. Connect with our experts to help bring you AI vision to reality, Learn How We Solve Business Problems - Netrix Global

In a time where AI is all the talk of business tools, accurate data and document processing is a key driver to transforming the way you work. In legal and finance there are enormous volumes of paperwork bogging down time and resources. In our blog, expert @Martin Bianco discusses examples of how law firms and financial institutions can benefit greatly from cloud-native intelligent document processing built on @AWS. Connect with our experts to help bring you AI vision to reality, Learn How We Solve Business Problems - Netrix Global

In a time where AI is all the talk of business tools, accurate data and document processing is a key driver to transforming the way you work. In legal and finance there are enormous volumes of paperwork bogging down time and resources. In our blog, expert @Martin Bianco discusses examples of how law firms and financial institutions can benefit greatly from cloud-native intelligent document processing built on @AWS. Connect with our experts to help bring you AI vision to reality, Learn How We Solve Business Problems - Netrix Global

Are you ready to supercharge your practice with Artificial Intelligence? Here are just a few ways you can harness #AI in your firm! 🔍 E-Discovery: In the realm of #legaltech, one of the most common and user-friendly forms of AI is E-Discovery. It's the process of scanning electronic information to find non-privileged data that's crucial to a case or claim. 📄 Contract Analysis and Review: AI tools excel at contract analysis, identifying potential risks and discrepancies, ensuring you catch every detail before it becomes a problem. 🔍 Legal Research Revolution: AI algorithms can sift through thousands of legal documents to locate the most relevant cases and precedents in record time. 📄 Document Management and Automation: Streamline document creation with AI-driven templates, reducing manual paperwork and freeing up your time for more critical tasks. Are you prepared to elevate your legal practice using AI? Don't hesitate to get in touch for further guidance today! #LegalTech #AIinLaw #LawFirmInnovation #LegalRevolution

Lack of budget is the biggest hurdle for legal transformation. The second one, according to 31% of survey respondents (conducted by PwC and FT Longitude), is cultural resistance to change. This doesn’t mean there is no willingness. The top two priorities are: 1. Contributing to business-wide growth and digital transformation (48%) 2. Deploying technology within the legal function (42%) The first step towards addressing both challenges is quantifying the expected outcomes of the transformation. To quantify the outcome, it’s essential to understand the data related to current processes, such as: 1. How much time does legal take to respond to business requests? 2. What are the different categories of requests that the legal team receives and the time split across them? 3. How many versions does each contract go through on average before being executed? 4. How much time is needed for each version to clean up, review, and approve? Otherwise, how can you assess whether the latest hyped gen-ai tech product you deployed is effective? More importantly, how does the rest of the business realize its impact? Figuring out the data when the work is piling on can be daunting. However, it might not be as difficult as it seems, especially if you have done a bit of groundwork by centralizing storage and following a naming convention. If you are an early-stage startup or a scale-up and all your documents are still in Google Drive, then a good starting point is to get all data related to your .doc and .docx files into a spreadsheet. You can then use it to derive insights about versions and time spent based on the creation/upload date, which should at least give you some preliminary information. Follow the instructions in this document to get all the information related to your documents in a spreadsheet: https://lnkd.in/gV2ssjWr P.S: The link to the full report by PwC is in the comments. #legalinnovation #legaltech #genai