According to a Gartner Survey in the third quarter of 2023, 55% of organizations are increasing their investments in Generative AI. Forward-looking CEOs and Boards are increasingly looking for opportunities to transform business functions by leveraging this technology.

In the pursuit of business optimization, few areas align as seamlessly with Generative AI as contract lifecycle management. In fact, generative AI seems tailor-made for contracts as it can interact conversationally with Open AI large language models that can quickly summarize contracts and classify their components (e.g., pricing information, clause attributes, etc.) so professionals handling contracts can understand contracts faster and act on their contractual obligations. By integrating generative AI into contract management, organizations can achieve higher levels of productivity, reduce human error, and optimize their legal operations, ultimately leading to smoother contract lifecycles and improved business outcomes.

And this is just the tip of the iceberg! With Generative AI and contract intelligence, businesses can benefit from a wide range of possibilities, including:

• Empowering users to “naturally” work with contracts, expediting business processes.
• Unprecedented visibility to improve business performance.
• Realization of the full intent of every contract, every time.

Icertis and Microsoft have a strategic collaboration that provides businesses with a powerful, innovative AI-driven approach to contract management that enables accelerated digital transformation. Join us for an exclusive webinar where you can connect with technology experts from Icertis and Microsoft, as well as your peers from leading Indian companies to learn how Gen AI-powered contract intelligence can work for your business – fast!