Procurement Magazine March W1 2026 | Page 121

CONTRACT MANAGEMENT

PROGRESS

CLM evolved“ from digital repositories” with“ basic workflow automation” to AI-native CLM offering“ advanced analytics, proactive risk management, strategic decision support.” ​ Agentic AI now“ orchestrate [ s ] and automate [ s ] complex business workflows,” acting“ much like bees in a hive working separately but together.” ​ Conversational agents enable natural language queries:“ Simply ask...‘ Which of my contracts do not have adequate ESG measures?’ and get detailed insights.” ​ AI agents deliver“ real-time, explainable autonomous redlining” and“ surgically remediate issues across clauses,” cutting negotiation cycles. ​ Early adopters see skills uplift: AI use leads to“ more intelligent questioning and freeing time for better communication between stakeholder groups.
HEADQUARTERS: CONNECTICUT, USA NUMBER OF EMPLOYEES: ~ 150 NUMBER OF COUNTRIES: 180 +
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