Contract Insights

Financial entities and organizations manage many contracts, interact with myriad Information and Communication Technology (ICT) vendors, and face increasing regulatory pressure to stay "stable." In fact, since January 17, 2025, contracts have suddenly mattered a lot more to EU financial entities due to DORA compliance requirements. The Digital Operational Resilience Act (DORA) is an EU regulation that underscores the importance of digital stability for financial organizations. Thankfully, CLM software can decrease contract risk for EU financial organizations and bring order and clarity to contract processes.

Contract writing has become dreadfully complex. Ever-increasing contract volumes, stringent regulations and compliance standards, and more and more cooks in the kitchen complicate the process. Additionally, organizations need contract writing software that supports a holistic process, including drafting, negotiation, and governance— not just simple document creation. Thankfully, AI contract drafting in contract management software is reshaping expectations and possibilities for contract managers and legal teams. Here's how with seven must-have features..

Contract managers today contend with growing volumes of agreements, stricter compliance expectations, and tighter renewal windows—all while juggling daily responsibilities. Managing obligations and renewal cycles manually has become too risky. Consequently, automation is emerging as a critical tool for helping ensure deadlines are met, compliance is maintained, and opportunities for renegotiation or cost savings are not missed.

A unified contract lifecycle management (CLM) environment is rapidly becoming essential for organizations looking to eliminate silos and improve collaboration across legal, sales, and procurement. For contract managers, the shift toward shared systems and unified processes isn’t just operational—it’s strategic. By aligning departments within a single CLM platform, organizations unlock faster cycle times, reduced risk, and more confident decision‑making. As such, here are seven ways cross-functional contract alignment transforms an organization.