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Generative AI turns spotlight on contract management

The prospect of applying tech breakthroughs to handling data-rich digital documents has prompted a flurry of deals
Rich potential: digitised contracts create new possibilities for achieving powerful insights

It is important business technology, yet most people have never heard of it.

Contract lifecycle management software — which helps to draft, store, search and manage a company’s commercial agreements — is widely used by lawyers and also by procurement and finance departments. But, in spite of the technology’s steady growth, and its pioneering use of artificial intelligence to automate information-intensive legal tasks, the market for the software has generally had a low profile.  

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