Contracts are the foundation of every business relationship. From vendors, suppliers, job applicants, and customers, the contracts that power these relationships contain rules of...
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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...
Companies turn to AI contract tools to reduce external risks
Dive Brief: Nearly half of companies (48%) say their enterprise risk is rising, with a growing reliance on third-party relationships contributing to much of that higher risk,...
The rise of smart contracts and strategies for mitigating cyber and legal risks
Imagine a world where contracts are executed seamlessly without human intervention, reducing costs and enhancing efficiency across industries – from finance to real estate. This is...