RISK & RESILIENCE
Contract lifecycle management( CLM) has become one of procurement’ s fastestmodernising stacks, with AI rapidly automating manual tasks such as intake, negotiation support and compliance monitoring.
The 2025 ProcureCon Chief Procurement Officer Report reveals that 90 % of procurement leaders are either exploring or actively deploying AI agents to streamline operations in 2025. These sophisticated tools are transforming how procurement teams handle complex contracting workflows and extract insights from enormous volumes of procurement data.
The silver age of digital agreements In 2025 the ESIGN Act, or the Electronic Signatures in Global and National Commerce Act, sees its 25th anniversary. The US federal law was passed in 2000, giving electronic signatures and records the same legal weight as traditional paper documents and handwritten signatures. This ensured that electronic records and signatures could not be denied legal effect, validity or enforceability solely because they are in electronic form.
In today’ s world, electronic documents, contracts and agreements have all but become the norm, with many companies using additional technology to help gain complete control over their agreement records. Three forces are behind this rise.
AI makes contract data, often the largest untapped trove in the enterprise, more manageable, providing tools to search it and undertake actions quicker.
128 October 2025