How does AI affect business objectives around revenue and risk?
June 6, 2023
Implementing an effective Contract Lifecycle Management (CLM) system has a significant impact on risk and compliance management. It allows organizations to proactively identify risks that may have gone unnoticed and ensures that contractual obligations are being met from a compliance perspective. With CLM, businesses can assess the fulfillment of contract intent, conduct appropriate testing, maintain quality standards, and adhere to service level agreements (SLAs).
