A CLM tool helps corporate legal departments significantly reduce financial pressures, increase efficiency and enhance responsiveness to requests from stakeholders in sales and procurement.
When you add AI to contract lifecycle management, however, you can significantly amplify the benefits. A recent study of legal AI revealed that corporate counsel were immediately 51.5% more productive and 34% more efficient when using contract review software.
The positives of AI for a CLM tool extend beyond in-house lawyers to sales and procurement as well, closing deals faster, improving business outcomes and decreasing risks.
This Quick Start Guide explores the benefits of AI for corporate legal and the business units they collaborate with for contracts.