Historically, it has been prohibitively expensive, time consuming and risky for an enterprise to map accurately and at scale the attributes and clauses in legacy and third-party contracts to their semantic definitions. But today, artificial intelligence (AI) enables us to do it faster and better.

The future of procurement is data driving AI, and AI will unleash the potential of contract management. Many top businesses still have contracts dispersed in different locations and unmanaged. As they see the value of managing all their contracts from a central digital location, and turning them into strategic assets that participate in business processes with the help of AI, that will change quickly.

Download this article by Icertis Chief Technology Officer and Co-founder Monish Darda to learn how Icertis customers are already using AI to digitally transform their commercial foundation.