Contract Insights

Conversations about artificial intelligence (AI) and machine learning in a business setting are important. According to a study performed by MIT Sloan Management Review, over 80% of organizations see advanced AI as a vehicle for strategic opportunity. Additionally, 85% of organizations view AI as a means for competitive business advantages.¹

This interest in – and implementation of – AI applies to legal professionals, in-house legal teams, and other contract managers as well. Manually managing and reviewing an ever-increasing number of contracts and legal documents of varying complexity is stressful and inefficient. But it does not have to be.

Organizations can improve contract review and contract automation with AI-powered contract management software.

A healthy contract management process should constantly be adapting to technological advancements.  As contract volume and contract complexity begin to grow, organizations must embrace digital transformation to be furnished with the right tools to streamline the contract management process.  Such innovative CLM tools can be found within a trusted contract management software system. Read on to learn more.

In the constantly-evolving landscape of business technology, generative artificial intelligence has emerged as an unstoppable force – positively transforming the way businesses across sizes and sectors operate. This tour-de-force of power of generative AI also applies to contract lifecycle management (CLM).

We did it!

CobbleStone Software has completed its widely anticipated million-clause project! The goal of this project (which has been met) was to nourish and enhance CobbleStone's industry-leading artificial intelligence engine with machine learning—VISDOM^® AI.

Let's discuss in more detail what the completion of this million-clause initiative means to contract managers and other business professionals using CobbleStone's award-winning contract management, eProcurement, and eSourcing suite, CobbleStone Contract Insight^®.