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The Rise of Artificial Intelligence in Contract Management

AI has become a daily part of our lives, from Amazon recommendations on everything from entertainment to household necessities, to relying on Siri for information. Whatever the application may be, AI is dependent on large volumes of data and gradually learns itself as it receives more information.

Recent advancements in technology that focus on storing, tracking and analyzing data is giving businesses in every industry a competitive advantage. Find out in this eBook how AI, machine learning and natural language processing is transforming business processes in areas such as HR, finance, compliance, supply chain and contract management. 

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This eBook will help contract professionals to: 

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Learn

Learn how AI, machine learning and natural language processing are transforming contract management 

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Understand 

Understand why executives are driving AI and contract management adoption enterprise-wide

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Identify

Identify how to succeed faster and more profitably with data insights through the use of AI

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Consider

Consider the advantages of AI in contract management and steps to take for implementing

 

"It's important for businesses to look for the ways in which AI can help them most, such as with automation, the organization of complex systems, content creation and making predictions. Soon everyone is going to start adopting machine learning because the benefits are huge."

-Jamie Wodetzki, Co-Founder & Chief Product Officer at Exari

A 360° View to Enterprise Contract Management 

Simple steps for achieving 100% Contract Certainty™ Enterprise-Wide

 

GLOBAL DOCUMENT & CONTENT REPOSITORY

Store all of your contracts in one, secure repository for enterprise access

COMPLETE VISIBILITY

Automatically capture data from any contract, including legacy or 3rd party agreements

RISK MANAGEMENT

Make better informed decisions instantly about your rights and obligations with Exari's Universal Contract Model™

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INSTANT REQUEST MANAGER

Empower self-service contracting with pre-approved templates and clauses

FLEXIBLE APPROVALS AND WORKFLOWS

Ad-hoc, rule-based and customized workflows to support approvals, milestones, alerts and renewals

EFFICIENT REPORTING

Overarching view into underlying terms to make on the fly, strategic decisions

Don't Take Our Word For It... 

"This initiative is a great example of the success that can be achieved when proven technology combines with a skilled team. Exari’s multilingual document generation capability is of great interest as Lloyd’s reaches out to emerging markets."

Sean McGovern

Chief Risk Officer and General Counsel, Lloyd's

"With operations in seven countries and rapid expansion, managing our contractual relationships is increasingly complex and business critical. Exari gives us visibility, control and insight into all our contracts - enabling us to scale our business with confidence."

Danielle Rice

Legal Contract Administrator, IRESS

"DLA Piper strives to be the leading global business law firm and one way we do so is by delivering quality and value to our clients in new and practical ways. By partnering with Exari, our clients will have access to a cost-effective, self-service solution for creating contract documents, and our lawyers will be able to focus on providing sophisticated legal guidance, such as advising clients on important business and risk management decisions relating to the negotiation of those contracts."

Victoria Lee

Global co-chair, DLA Piper's Technology sector
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