AI for Contract Management:
2024 and Beyond
Networking Dinner at The Capital Grille, Chicago

Here’s what we discussed:

Unlocking the full potential of contracts is a game-changer for businesses, but the majority still grapple with inefficiencies. Studies suggest that inefficient contracting can lead to a loss of value ranging from 5% to 40% in a given deal, depending on circumstances. Many companies face the daunting task of creating and maintaining contracts effectively and efficiently.

The primary hurdle faced by these organizations is the sheer volume of contracts they must oversee. These contracts often lack uniformity, making them challenging to organize, manage, and update. But, Imagine a world where your contracts not only protect your revenue streams but also act as strategic assets.

Enter the wave of AI in contracting, combined with the prowess of digital platforms, holds the promise of transforming your business landscape. The integration of these advanced technologies brings unparalleled value to your organization. It’s not just about contracts; it’s about unlocking opportunities and maximizing the impact of every deal.

At this invitation-only executive roundtable dinner, we explored topics including:

• How has the Contract lifecycle management changed over the last 5 years?
• How do you see AI playing a part in your contract analysis/negotiation?
• What are the most important types of insights you wish to gain through AI as it relates to contracts?
• How today can organizations remove contract blind spots to improve contracting efficiency?
• Hear how a telecom company was enabled $ 20 million in savings and a 60% improvement in employee productivity through an AI Contract solution.