As technology evolves and organizations shift to adapt, business process changes should increase productivity rather than hamper it. Contract managers who primarily utilize manual methods with their team may encounter difficulties in efficiently managing contracts. Contract mismanagement can decrease productivity, hinder communication regarding task responsibility, and increase avoidable inefficiencies. As contract administration changes for the future, organizations can attain greater control over their contract management processes by avoiding the following pitfalls of contract mismanagement.
Joshua Hansen
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6 Pitfalls of Contract Mismanagement to Avoid
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Topics:
automated workflow
contract tracking
Contract Tracking Software
contract writing
data storage
Contract Management Software
templates
tracking
workflow
Contract Management
electronic signatures
contract clauses
Contract Management AI
AI-Powered Contract Management Software
AI-Based Contract Management
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IntelliSign
digital signatures
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The Future of Contract Management AI
3 min read
Contract management AI is not something to be intimidated by. Its goal is not to eliminate jobs or replace valuable employees. Instead, it can add value to contract management software processes by transforming contracts and documents into building blocks for enhanced contract oversight, improved risk mitigation, and more proactive opportunity realization. It can lend a competitive edge by shifting the responsibility of employees from tedious data entry to valuable contract analytics. Organizations that embrace AI-based contract management can maximize growth opportunities and increase their software ROI.
Topics:
CobbleStone Software
Contract Analytics
Contract Insight
Contract Lifecycle Management
Contract Management
CLM
VISDOM AI
Contract Artificial Intelligence
Contract Management AI
AI-Powered Contract Management Software
AI-Based Contract Management
CLM Software
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