DIGITAL PROCUREMENT as AI can help ensure compliance across supplier relationships , and guarantee that language and clauses intended to protect an organisation from risk exposure are included in contracts .
“ By adopting AI within contract management processes , procurement teams become equipped with the efficiency and visibility into data , and this allows them to manage complex contract portfolios and effectively take a preventative role in mitigating risk ,” she continues .
Echoing these views is Anders Lillevik , CEO and Founder of data risk
“ Technology advancements and
AI are enabling procurement teams to simplify the risk monitoring process ”
ANDERS LILLEVIK CEO AND FOUNDER ,
FOCAL POINT