2018 Winner Profile

Akin Gump Strauss Hauer & Feld LLP

Project Description:
One of Akin Gump LLP's major clients needed a better way to track compliance with regulations that limited the terms/conditions under which it could do business with countries supporting the Arab boycott. The client was using a complicated, manual system whereby it worked directly with the U.S. Department of Commerce's Office of Antiboycott Compliance to ensure compliance with complex antiboycott regulations. However, that process took a lot of time and effort and did not always produce accurate results. Akin Gump's legal and technology professionals leveraged an AI-powered process automation platform to build an advanced decision-tree/expert system that did the heavy lifting, saving time and money while improving accuracy. By centralizing and automating the compliance review process, the Antiboycott Advisor tool that Akin Gump developed has already saved the client over 700 hundred hours of work and enabled an accuracy rate of 100 percent.
Business Goal:
Competitive Advantage, Operational Impact, Security & Risk Management, Supply Chain Impact
CIO:
Aaron Ruleman, CIO
CEO:
Kim Koopersmith, Chairperson
Headquarters:
Washington, D.C.
Industry:
Legal
Website:
http://www.akingump.com
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