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While 2023 was not necessarily a transformative year for the typically innovative area of contract lifecycle management (CLM), it did lay the groundwork for the market’s future. Of course, much of this is due to generative AI (GenAI). Many CLM providers unveiled GenAI-based chatbots throughout the year, with some also developing/releasing more advanced features. Accordingly, decisions that are being made behind the scenes today are greatly impacting the long-term outlook for the CLM market. Between GenAI, changing end-user dynamics and resulting shifts in vendors’ roadmaps, it is universally understood that the next five years will bring major changes to the market. Nevertheless, based on conversations with vendors and practitioners, it is also clear to me that people don’t quite agree on how CLM should serve customers going forward. The post Predictions for the future of the CLM market appeared first on Spend Matters.

Unlocking the Power of AI in Dynamic Pricing: Insights from Our Latest Thoughtworks Article 🌟 Excited to share our latest blog on Thoughtworks about the nuances of AI-driven dynamic pricing! 🚀 Tomas Heiskanen and I delve into the key strategies and challenges in implementing this transformative approach. 📈 🔍 "By aligning AI-driven pricing with strategic goals, businesses can unlock tremendous value and adapt to market changes with agility." Discover more about the impact and implementation of dynamic pricing in our full article. 💡 Read the full article here: How to Succeed with AI-Driven Dynamic Pricing Practice https://lnkd.in/eevznXKy #AIDriven #DynamicPricing #DigitalTransformation

Great article covering the latest features in our Spring 2024 release, with insights from our customer Jellyfish about our new AI capabilities. Worth a quick read!

Invoices, Purchase Orders, Delivery Notes, Contracts, Application Forms...it can be tough to get away from paper. This is why Enate, members of the Intelligent Automation Collective, have introduced Intelligent Document Processing (IDP) directly within their process orchestration solution. Cut data extraction & entry time down from minutes to seconds, and supercharge your streamlined business processes to get more done. Read more here: https://buff.ly/3MRTEAS #gettingworkdone #idp #intelligentautomation #enate #processorchestration #intelligentdocumentprocessing #ai #artificialintelligent

Smart Contracts, Smarter Professionals: Professionals can now streamline contract management with AI-powered CLM tools. AI-Powered Contract Life Cycle Management (CLM) tools can compare contracts and documents, with each other and model contracts. Imagine effortlessly assembling contracts using customized templates, while the AI system comprehends and analyzes the content of these documents in a fraction of the time it would take a human. Explore how AI-powered CLM tools transform how professionals navigate contracts: https://lnkd.in/dgib9e_T

Contract Sage is Live! Greetings Linked In! I’m happy to announce that my “heads down” work over the past 9 months has reached a point where I feel comfortable sharing it. Over that time, I’ve been developing (along with a small team) a revolutionary, AI-powered Saas solution called Contract Sage. Today, I’m thrilled to announce that Contract Sage is available for Early Access. Say hello to Contract Sage, a game-changing AI-powered SaaS solution that revolutionizes contract management. We bring the power of AI to every business, regardless of size or budget. With our intuitive platform, you can bid farewell to laborious manual processes and embrace efficiency and accuracy. Our intelligent AI algorithms effortlessly navigate the dense legal jargon, extracting vital insights, identifying risks, and highlighting potential compliance issues. Empower your organization with Contract Sage and level the playing field in the intricate world of commerce. Learn more at https://contractsage.com This all started as a result of working with companies in the technology consulting space. In short, no company I worked with had a clear understanding of their current obligations and contractual limitations. This made it quite challenging to develop a roadmap to digital transformation since we had such a hard time figuring out the current “state of the ship”. In other words, it’s difficult to plot a course when you don’t know where you are! About 9 months ago, I got fed-up and started developing a solution. With the huge splash caused by AI in late 2023, it became obvious that the solution should be able to ingest a contract and automatically provide meaningful insights. So, this is what we’ve built (in a nutshell). Visit https://ContractSage.com to learn more. Or, reach out to me directly on Linked In.

Smart Contracts, Smarter Professionals: Professionals can now streamline contract management with AI-powered CLM tools. AI-Powered Contract Life Cycle Management (CLM) tools can compare contracts and documents, with each other and model contracts. Imagine effortlessly assembling contracts using customized templates, while the AI system comprehends and analyzes the content of these documents in a fraction of the time it would take a human. Explore how AI-powered CLM tools transform how professionals navigate contracts: https://lnkd.in/dgib9e_T

Smart Contracts, Smarter Professionals: Professionals can now streamline contract management with AI-powered CLM tools. AI-Powered Contract Life Cycle Management (CLM) tools can compare contracts and documents, with each other and model contracts. Imagine effortlessly assembling contracts using customized templates, while the AI system comprehends and analyzes the content of these documents in a fraction of the time it would take a human. Explore how AI-powered CLM tools transform how professionals navigate contracts: https://lnkd.in/dgib9e_T