Digital transformation is a necessity for businesses today, and contracts play an integral role in this process. Contracting is a truly horizontal activity, touching all facets of a business: Procurement, sales, finance, operations, and especially legal. Due to its cross-departmental nature, digitally transforming contracting can enact truly impactful change across an organization.
Meanwhile, companies that stick with manual, non-digitized contract systems put themselves at commercial risk: Inefficiencies in internal or homegrown contracting systems cause companies to lose money-- as much as 9.2% of annual contract value—and incur high internal contracting costs.
In this webinar, you will learn:
- How companies can bring digital transformation to contracts
- The role of artificial intelligence (AI) in digital transformation
- Real world examples of contract digitization and best practices