How Power Digital automates contract management with AI tools

AI technology has significantly impacted the way businesses operate, making tasks that once required hours of manual work more manageable. Power Digital, a growth marketing firm with over 700 employees and clients worldwide, leverages AI to build bespoke systems more quickly through its proprietary data, technology, and application platform called nova. The company's finance team faced challenges managing contracts due to the time-consuming process of manually checking discrepancies between contract details and their internal database. By integrating Retool AI into nova, Power Digital automated this process, saving over 50 hours per month for its finance team. This automation also improved efficiency across other departments, such as HR and client services. The use of AI in building custom software internally has significantly cut down development time at Power Digital, allowing the company to tackle more application needs and innovate faster.