Governance, Risk & Compliance division executive one of just five individuals lauded for leading the development of superior AI technology within the legal technology industry
Abhishek Mittal, Vice President, Data Analytics and Operational Excellence, for Wolters Kluwer’s Government, Risk & Compliance division (GRC), has been named a Business Intelligence (BI) Group 2021 Artificial Intelligence Excellence Award winner.
The accolade recognizes Mittal’s leadership in developing and advancing the AI technology that drives many leading innovations for Wolters Kluwer's ELM Solutions, including LegalVIEW® BillAnalyzer, LegalVIEW Predictive Insights, Intelligent Invoice Conversion, and CLM Matrix contract lifecycle management.
Mittal, one of just five winners recognized in the Individual category, was instrumental in helping Wolters Kluwer gain a patent for BillAnalyzer’s AI technology, which leverages several model-based predictors to power a legal bill review process that delivers best-in-class results. This technology harnesses LegalVIEW, the world’s largest repository of legal spend data, to provide up to 10 percent cost legal cost savings and up to 20 percent improvement in billing guideline compliance.
The BI Group was founded to recognize exceptional talent and superior performance in the business world. The Artificial Intelligence Excellence Individual Awards recognize executives whose leadership in the organization and industry has led to breakthrough AI solutions.
“I am thrilled that Abhishek has been recognized for his innovative and forward-thinking guidance on many of Wolters Kluwer’s AI-powered solutions,” said Sandeep Sacheti, Executive Vice President, Customer Insights & Operational Excellence for Wolters Kluwer GRC. “Companies are quickly becoming reliant on AI as they modernize their business plans. Abhishek and his team have developed many innovations across legal and regulatory compliance. These innovations deliver real value by improving processes, outcomes, and financial results for our customers.”
Mittal joined Wolters Kluwer in August 2012. He is responsible for leading a diverse and creative team of professionals across data science, design experts, process re-engineering, and compliance expertise to drive business transformation and new product innovation. Before joining Wolters Kluwer, Mittal held several management roles at American Express, where he led risk management teams for the small business portfolio.
ELM Solutions, part of Wolters Kluwer GRC, is the market-leading global provider of enterprise legal spend and matter management, contract lifecycle management, and legal analytics solutions. The company provides a comprehensive suite of tools that address the growing needs of corporate legal operations departments to increase operational efficiency and reduce costs. Corporate legal and insurance claims departments trust its innovative technology and end-to-end customer experience to drive world-class business outcomes.
Wolters Kluwer's ELM Solutions was named a leader in both the IDC MarketScape: Worldwide Enterprise Legal Spend Management 2020 Vendor Assessment and IDC MarketScape: Worldwide Enterprise Matter Management 2020 Vendor Assessment. The company’s award-winning products include Passport®, the highest-rated ELM solution in the latest Hyperion MarketView™ Legal Market Intelligence Report and TyMetrix® 360°, the industry’s leading SaaS-based e-billing and matter management solution. CLM Matrix, meanwhile, was named a “strong performer” in The Forrester Wave™: Contract Lifecycle Management For All Contracts, Q1 2021 report. ELM Solutions’ LegalVIEW® portfolio of legal analytics solutions is based upon the industry’s largest and most comprehensive legal spend database, with more than $140 billion in invoices.
About Wolters Kluwer Governance, Risk & Compliance
Governance, Risk & Compliance is a division of Wolters Kluwer, which provides legal and banking professionals with solutions to help ensure compliance with ever-changing regulatory and legal obligations, manage risk, increase efficiency, and produce better business outcomes. GRC offers a portfolio of technology-enabled expert services and solutions focused on legal entity compliance, legal operations management, banking product compliance, and banking regulatory compliance.
Wolters Kluwer (AEX: WKL) is a global leader in information services and solutions for professionals in the health, tax and accounting, risk and compliance, finance and legal sectors. Wolters Kluwer reported 2020 annual revenues of €4.6 billion. The company, headquartered in Alphen aan den Rijn, the Netherlands, serves customers in over 180 countries, maintains operations in over 40 countries and employs 19,000 people worldwide.