CONTRACT MANAGEMENT
While the ongoing growth of AI across industries continues to be debated, one thing Microsoft is proud of is the real-world examples of how it helps businesses to transform with AI.
In 2024, the company commissioned a study with IDC, The Business Opportunity of AI, to uncover new insights around business value and help guide organisations on their journey of AI transformation. It found that for every US $ 1 organisations invest in generative AI, they’ re realising an average of US $ 3.70 in return, and uncovered insights about the future potential of AI to reshape business processes and drive change across industries.
“ Our platform was developed to address the critical need for end-to-end document management across various verticals within Microsoft,” says Mohit Chand, a principal group engineering manager in Microsoft Digital.
“ It was created to streamline processes like digitising documents and address the common pain points that typically make this activity take months to complete.”
Here, Procurement Magazine explores how Microsoft is helping companies to take hold of contract automation for their benefit.
From bottlenecks to breakthroughs: the procurement revolution Contract automation is rapidly transforming the procurement landscape, ushering in an era where efficiency, transparency and strategic value are no longer aspirational goals but daily realities.
In 2025, procurement teams are leveraging advanced automation and AI to move beyond the traditional confines of cost control and manual paperwork, evolving into strategic partners that drive organisational growth and resilience.
BUILDING TRUST IN ENVIRONMENTAL ACTIONS
More than 85 % of the Fortune 500 use Microsoft AI solutions to shape their future. Microsoft is working with organisations large and small, across every industry and geography, recognising that most transformation initiatives are designed to achieve one of four business outcomes:
• Enriching employee experiences
• Reinventing customer engagement
• Reshaping business processes
• Bending the curve on innovation
108 August 2025