Imagine a world where AI suddenly vanished overnight. What skills would contract managers need to thrive? In an AI-less landscape, the emphasis would shift back to the core human...
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AI & Tech
Transforming contract management in banking with generative AI
Contract management is an area that poses a significant challenge in banking, financial institutions and enterprise operations. Many times, manual contract processing becomes a...
How AI reduces legal risks and enhances efficiency in contract management
Contracts are the foundation of every business relationship. From vendors, suppliers, job applicants, and customers, the contracts that power these relationships contain rules of...
How Generative AI is redefining contracts
Digital transformation is driving profound changes across all industries and markets. One of the most revolutionary advancements is the integration of Generative Artificial...
AI’s first serious foray into legal may be contract review
Nearly half of legal professionals spend three hours or more reviewing a single contract, according to a recent survey, leading many in-house counsel and firms to consider whether...
The impact of ESG on contract management
Too good to be true, right? Incorporating ESG principles into contract management may seem daunting, but it’s a crucial step toward more responsible practices for a brighter future....
Culture as a vital element in contract management
Arjen van Berkum, Chief Strategy Wizard at CATS CM®, believes culture is a vital element in contractmanagement but often it is overlooked. So a small jump into it to get your mind...
The future of contract management: exploring predictive analytics with AI solutions
$4.4 trillion – that’s how much a new McKinsey report predicts Generative AI will add to the global GDP each year. To put this number into perspective – India’s 2022 GDP was just over...
Key considerations for evaluating vendor contracts involving AI
Introduction The prolific use of artificial intelligence (“AI”) to increase efficiency, optimize processes, and identify novel solutions has many businesses turning to third-party...