Manual management of obligations across suppliers, regulatory agencies and distribution channels is time-consuming and labor-intensive work, especially with thousands of non-indexed legacy contracts. Thankfully, AI can help lighten the load.
Modern contract management technology can take contract information—billings rates, reporting obligations, payment terms, etc.—and transform it into structured data that can be connected across an organization, so the value of every contract is fully realized.
Given the highly complex nature of IT and consulting relationships, maximizing contract value requires industry-specific solutions. That is why Icertis is committed to providing for the industry with a contract intelligence solution pre-configured to meet its unique needs.
As legal operations groups look to deliver value not just within the legal department but across the enterprise, they should think strategically about how their CLM technology can integrate into other systems.
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