Contract lifecycle management (CLM) and Contract Intelligence: integrating AI for enhanced business efficiency
MRI Software
NOVEMBER 7, 2024
Contract lifecycle management (CLM) is a time-consuming but essential process, vital for reducing compliance risk, ensuring accurate billing and minimizing revenue loss. For many organizations, CLM is a manual process, and requires some specialist legal knowledge to unpick complex documents and interpret clauses correctly. This can mean that crucial opportunities or important dates are missed, or that inaccurate understandings of contracts result in overpayments.
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