Contracts have long been uncelebrated essentials in the business environment. If your company is like most others, procurement professionals view commercial agreements as irritating interruptions to business procedures. They can’t wait to sign the bottom line of the documents, file them in a cabinet and forget them.

But contracts contain loads of important information that can boost revenues and cut costs — if only your team were able to continuously access and exploit all of the opportunities that lie hidden in those thousands and thousands of jargon-filled pages. Does such a capability seem super-human? Welcome to the new world of generative artificial intelligence. 

This report will explain how GenAI can transform your mountain of silent commercial agreements into living, breathing members of your management team. 

Thanks to GenAI’s ability to absorb, remember, and analyze the millions of words of text in your universe of contracts, your company will enjoy the following benefits: Procurement professionals will be able to “converse” with your contracts in real time using natural language and receiving plain English feedback to vital business questions; GenAI will proactively monitor your entire universe of contracts, spotting anomalies, reporting revenue leaks and flagging sales opportunities; and, negotiating the terms of a contract with a partner will be done in record time and with minimal effort, freeing your staff for more productive tasks.

As the technology continues to improve, GenAI will be able to take on more management tasks until your company creates an environment of “autonomous contracting” in which advanced intelligence accomplishes virtually all of the heavy lifting required to create mutually beneficial commercial agreements, with very little human involvement.

Most enterprises have not yet begun the process of transforming their contracts into profit centers. If you get started now, you will be miles ahead of your competitors by the time they get word of GenAI’s potential. Download your copy of our new report today.

Please CLICK HERE to download the report.