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What is Contract Performance?
Discover what contract performance is, why it's essential for business success, and how to measure it effectively. Learn the best practices for ensuring efficient contract performance and reducing risks with tools like contract management software.
Rise of Large Language Models in Contract Management
Contracts are the foundation of commerce, but managing them can be slow and error-prone. Large language models (LLMs) are changing the game. This article explores how LLMs extract key data, automate drafting, and identify risks, transforming contract management from manual to intelligent. Unlock the power of AI for faster negotiation, better compliance, and a future-proof approach to agreements.
Leveraging Contract AI for Contract Lifecycle Management in 2024
Contract AI refers to the application of artificial intelligence technologies, particularly machine learning and natural language processing, to automate and enhance the contract management process. Learn what this might mean for your business and how you can leverage this technology to get better contract outcomes.
How Generative AI is Changing Contract Management
Generative AI was made for contract management. Read on to learn more about this technology and how to harness its power.
Why Contracts Are the Key to Vendor Management
Contracts touch every part of the business. The right contract lifecycle management technology can help businesses streamline their vendor partnerships, reduce risks, and protect against legal issues that may arise due to non-compliance. Contract intelligence takes it a step further. It can help companies turn their contracts into a source of strategic advantage.
What is Contract Lifecycle Management?
Contract lifecycle management (CLM) is the management of an organization’s contracts from initiation through execution, performance, and renewal/expiry.