top 5 ingredients of AI based Contract Analytics Platforms

Ganesh_oscar22 May, 2020Business

There are several ways organizations deal with the contracting process. Few manage it with word-based drafting and redlining coupled with storing in repositories like DropBox or SharePoint and some deploy automated contract management systems for this process that also include collaboration. Some systems even enable you to digitally sign the contracts. However the most important ask for an organization with respect to contract management is to have instant visibility across their contract key terms to perform risk mitigation, understand which of their contracts deviate from standard terms, have control on third party contracts, get actionable insights across the contracts.