AI Speeds Up Real Estate Contract Management by 70%

Overwhelmed by manual contract management, a leading Indian real estate developer adopted AI-powered contract lifecycle management. This solution streamlined processes, improved data accuracy, and boosted productivity by 70%.

Client:

A leading real estate developer in India

Problem Statement:

● Data Inaccuracy: Manual data entry across systems led to inaccuracies.
● Highly customized contracts: Agreements based on variable data (project name, floor, unit, price, etc.)
● Data redundancy: Duplicate data entry across systems.
● Lack of centralized storage: Manual contract tracking with potential data loss.
● Unstructured workflow: Inefficient and error-prone contract approval process.

Results:

☑️ 17,000+ contracts processed by the AI CLM tool
☑️ 117+ custom templates with flexible workflows
☑️ 70% productivity increase

AI Solution:

To achieve more efficient contract management, the developer decided to leverage Volody’s AI CLM solution. Here’s how the AI came into play:
● Digitization: The entire contracting process, from creation to execution, was digitized, eliminating manual errors.
● Seamless Integrations: Integration with existing systems like Salesforce and SAP ensured smooth data flow and minimized manual data entry.
● Customizable Templates: Volody’s AI facilitated the creation of over 117 customizable templates with configurable workflows to handle diverse agreements efficiently.
● Automated Tasks: Manual tasks like contract creation and email reminders were automated, saving time and resources.
● Real-time Visibility: A real-time dashboard provided instant insights into all contracts, enhancing transparency and control.

Volody’s AI-powered CLM software transformed the developer’s contracting processes, resulting in increased productivity, improved compliance, and a more streamlined workflow.

Reference:

1. Volody’s AI-Powered CLM Software solves contracting issues for one of India’s largest property developer

Industry: Real Estate
Vendor: Volody
Client: Real estate developer