"AI-led contract automation could accelerate negotiation cycles by 50%, reduce erroneous payments by 75-90%, reduce annual contract management expenses by 20-50%."
Contracts are a rich source of critical information on business relationships. This information needs to be leveraged to achieve better business outcomes. Given the sheer volumes involved and the accuracy needed, a manual approach is simply not going to work.
The power of AI needs to be harnessed to find, extract, structure, and analyze the data stored in contracts and convert it into rich insights that can help identify risks and opportunities across an organization’s legacy contract portfolio.
AI-powered contract analytics solutions like Sirion offer a range of benefits, both over the short term- so organizations get quick wins and see immediate value; as well as the long term- with the AI engine growing stronger and smarter with time. Download this whitepaper to discover how you can leverage the intelligence in your contracts for insights and better decision-making.