Malbek & WCC’s global benchmark study uncovers the barriers and benefits of AI-enabled contracting across organizations. The results are clear; though speed and efficiency seem to be driving enthusiasm around the use of technology in contract management, there are still major obstacles and plenty of misunderstandings. Even with efficiency to be gained, there is still a knowledge gap surrounding what can be achieved by using AI technology to get more out of CLM.
Download the full report to dive into the six key trends identified in the research:
1.There are still obstacles to implementing CLM solutions, which limits the application of AI tools.
2. Contract automation is a priority in most organizations, but there’s still a lack of understanding of what can be achieved beyond efficiency.
3.Post-signature contract management presents the most challenges for organizations. Well-integrated technology is the solution.
4. Excitement about the potential of AI technology varies by seniority and sector.
5. The common barriers organizations face in adopting AI
6. The primary driver for using AI