





Brochure - CLM
An essential aspect of sourcing and procurement management is the use of solid Contract Lifecycle Management (CLM) solutions, which can significantly enhance efficiency and success. Recent innovations are bringing AI and simplified management to businesses of all sizes. The power of AI in CLM solutions empowers procurement teams to refine processes, improve supplier collaboration, and elevate profitability.
1 - CONTRACT PURPOSE
AI aids in identifying the optimal timing for contract needs
by analyzing data and historical trends, whether for supplier changes or business expansion.
It helps assess risks such as potential legal issues or cost fluctuations, allowing stakeholders to devise effective mitigation strategies.
Moreover, AI aligns contract language with business goals, enhancing clarity and ensuring terms reflect objectives like cost optimization and legal compliance.
2 - CONTRACT CREATION
AI facilitates the contract drafting process
by suggesting templates, generating clauses, and assessing legal risks and compliance while offering recommendations.
It helps improve the clarity and readability of contracts by highlighting risks through the analysis of internal and external historical data.
Additionally, AI enhances collaboration by providing the latest versions and realtime updates, enabling seamless changes and keeping all stakeholders informed.
3 - CONTRACT NEGOTIATION
AI helps achieve favorable terms
by providing real-time negotiation guidance, analyzing communication, and anticipating discussion outcomes.
It builds various negotiation scenarios, enabling negotiators to anticipate and assess the results of their decisions while preparing for negotiations.
During negotiations, AI offers feedback and suggests strategies based on past negotiation data to support negotiators in achieving their goals.
4 - CONTRACT EXECUTION
AI aids in communicating terms and price lists,
tracks milestones, and ensures procurement compliance with negotiated agreements.
It also suggests amendments to contract terms when business needs change. AI-powered chatbots enhance internal collaboration by answering key questions during the contract execution phase.
AI analyzes past contract performance and suggests improvements to prevent potential issues, driving continuous improvement and ensuring alignment with business objectives.
5 - CONTRACT LIFECYCLE
AI optimizes renewal strategies
by monitoring compliance and identifying risk and cost-saving opportunities, while suggesting the archiving of unused contracts based on previous agreements.
It proposes improvements to clauses, guiding businesses toward better-structured contracts.
Moreover, AI assesses external compliance and regulations, ensuring existing contracts align with these requirements.
By leveraging internal and external data insights, AI enables decision-makers to refine contract strategies enhancing the overall efficiency and effectiveness of contract management.