From Data Burden to Tech Indispensability
Contracts are not just a critical part of business operations—they are a key component of business growth and development, and (realistically) the best step forward into the future of an organization. But while contracting processes that support headline-generating, multi-million dollar deals have benefited somewhat from advances in analytics and machine learning, there is a much larger set of deals, valued in the tens to hundreds of thousands of dollars, that presents a process ripe for improvement. The immediate challenge is one of scale: smaller deals and agreements can be just as resource-intense and disjointed as the larger ones, but often do not receive the same kind of attention. But advances in automated methods for contracting that took hold for larger deals are now approaching a point of efficiency and relative cost where they make sense to consider for smaller deals.
