Create new business models to unlock revenue and value-producing opportunities.
The transformation of businesses through digital technologies increases value from existing business models as well as the introduction new models that increase market share and revenue.
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The cost and risks associated with storage of contracts in hard copy, as well as the challenge of managing obligations and gathering intelligence can be alleviated significantly through current AI enabled technologies.
Organizations have seen contracting cycle times reduced on average by 25% through the use of AI powered productivity tools, which in turn improves time to signature of contracts by up to 4.5 weeks.
Having contracts in digital, fully indexed format, provides opportunity to eliminate information silos, automate and standardize workflows and substantially reduce manual administration efforts.