Contract Lifecycle Management News - Week of Oct 5th

05 Oct 2020: Deloitte announced the spin-off of its CLM software offering, Arteria AI

• Arteria AI (formerly known as dTrax) is now a standalone business. The standalone unit will be led by Shelby Austin, who led Deloitte’s Omnia AI business in the past. 
• Arteria AI is a contract management solution that offers CLM capabilities such as contract creation, negotiation, digital execution using DocuSign, an NLP-based extraction module to convert contracts into searchable, structure information, a contract repository, and an analytics module to track data throughout the contractual process. It also supports alerts for contract milestones such as expiry.
• For more information visit Arteria AI website here.

06 Oct 2020 - Onit gets recognized as a fast-growing company by Houston Business Journal

• Houston Business Journal 2020 Fast 100 list features fast-growing companies that are headquartered in the Houston area.
• Onit has been listed at #9 on its Fast 100 Awards and #3 on its Middle Market 50
• For Middle Market 50 list, the company revenue needs to be between $28 million and $1 billion for their most recent, completed fiscal year.
• In the past, Onit has been listed amongst 500 Fastest-Growing Companies in the Americas 

06 Oct 2020 - ContractPodAi wins 2020 Legal Innovation Award in Supplier Innovation Category

• ContractPodAi has been recognized for its role in enabling the successful legal digital transformation of a large petrochemicals company
• For more information visit Law.com here

06 Oct 2020 - SirionLabs enables customers to access CATS CM® methodology within its CLM software

• CATS stands for Contract Administration and Tracking Scenarios. It's known for setting standards on how contract management should be approached within a company to realize the intended contract management objectives.
• For more information on CATS CM® visit their website here.