In the past several years, a small, but growing number of corporate legal departments have been reaching new levels of insight and productivity by leveraging artificial intelligence-powered contract management solutions. But implementing such technology can be a tall order for most legal departments, who are often restricted by limited budgets and time.
Organizations have therefore looked to offer such contract benefits without the need for costly implementations or hiring more in-house IT staff. Many have turned to managed services, and the newest addition to this field is FTI Technology, which recently announced a Contract Intelligence Services practice.
