Home > Events > AI FOR CONTRACT MANAGEMENT: 2024 AND BEYOND
Unlocking the full potential of contracts is a game-changer for businesses, but the majority still grapple with inefficiencies. Studies suggest that inefficient contracting can lead to a loss of value ranging from 5% to 40% in a given deal, depending on circumstances. Many companies face the daunting task of creating and maintaining contracts effectively and efficiently.
The primary hurdle faced by these organizations is the sheer volume of contracts they must oversee. These contracts often lack uniformity, making them challenging to organize, manage, and update. But, Imagine a world where your contracts not only protect your revenue streams but also act as strategic assets.
Enter the wave of AI in contracting, combined with the prowess of digital platforms, holds the promise of transforming your business landscape. The integration of these advanced technologies brings unparalleled value to your organization. It’s not just about contracts; it’s about unlocking opportunities and maximizing the impact of every deal.