In 2018, we saw how effective contract management is changing the way contracting is done, contracts are drafted, and relationships are managed. By leveraging technology, organizations are driving and deriving meaningful intelligence from the huge stack of contracts that enter their offices on a daily basis.
We’ve seen how artificial intelligence/machine learning (AI/ML) technology has dramatically transformed organizations’ thinking process. We’ve also seen the more progressive organizations moving towards simplification of the contracting process, something that IACCM also advocates, while also talking about moving from an ERP to RRP mode.