Today, consulting and information technology (IT) services companies operate in a commercial environment defined by dispersed operations, amplified customer and employee expectations, and increased security needs. With these trends come an imperative to move faster, realize maximum value across all commercial activities, and proactively track customer obligations and fulfillment.
Advanced contract lifecycle management (CLM) technology is critical to meeting these demands. From master service agreements (MSAs), to statements of work (SOWs), to engagement letters (ELs), contracts define how consulting and IT services organizations run. AI-powered CLM enables these companies to structure and connect this critical business information so they can stay out in front. This pushes beyond contract management and into contract intelligence.
