Lysis Group, a leader in business change management services and a provider of innovative CLM managed services through Lysis Operations, launches a new AI-driven, Off-Grid Workflow solution for regulated firms. It has been designed to combat the rapidly rising costs of CLM and anti-money laundering (AML) activities. Research indicates between 30% – 50% of the total cost of client on-boarding and refresh sits outside core CLM systems in email and other tools – i.e.“off-grid workflow”. OGW uses proven AI technology to manage the off-grid workflow, demonstrating up to a 75% effort saving for overall management of all activities outside core systems.
Drawing on many years of practical experience in this field and of implementing AI on top of the Lysis CLM Managed Service platform, the expert Lysis team using the OGW service, now provides firms with an initial AI configuration, pre-trained to deal with typical off-grid AML scenarios. The AI can then learn in the context of each firm’s operating environment and develop into a fully bespoke solution owned and run by the user. This modern, AI-driven approach is proven to enable clients to transform the customer experience, stay compliant, reduce costs, and increase profitability. The AI-driven off-grid workflow is offered as a bespoke managed service, configured to suit each firm’s requirements or as an addition to Lysis’ existing CLM Managed Service.