CONTRACT MANAGEMENT
By treating contract analytics tools as enterprise-wide applications, organisations can support strategic decision-making across multiple business functions, including sales, procurement, finance, risk and legal.
Contract leakage and compliance challenges One of the most significant benefits of closer supplier collaboration through digital tools is the reduction of contract leakage – a persistent problem that can cost organisations substantial amounts.
The integration of AI-enabled systems allows procurement teams to manage transactions and contracts more cohesively, reducing opportunities for value erosion.
“ AI also enables procurement to manage transactions and contracts cohesively reducing the opportunity for leakage; which can average 3-4 % of total contract value,” adds Patrick.
From a technology perspective, Gaurav Oberoi, VP of Product at DocuSign, highlights how AI is transforming the day-to-day reality for procurement professionals:“ Procurement teams are often buried in contracts and spreadsheets, trying to stay ahead of compliance risks – and that manual work can be slow, frustrating and easy to get wrong.”
DocuSign’ s Intelligent Agreement Management platform offers one programme which is helping procurement approach contract management differently than before.
TRUST IN DIGITAL NETWORKS
As supplier collaboration becomes increasingly digital and data-driven, ensuring the integrity and security of information sharing becomes paramount. This is particularly critical when dealing with global supply chains involving multiple stakeholders across different regulatory jurisdictions.
Gaurav emphasises DocuSign’ s comprehensive approach to security:“ From our roots in electronic signatures to the evolution of Intelligent Agreement Management, we’ ve maintained the highest standards of security, privacy and regulatory compliance globally.”
The platform incorporates security measures at multiple levels, including“ encrypted storage, audit trails, verified identities and strict access controls.” This comprehensive security framework enables procurement teams to“ work with global suppliers confidently, knowing every agreement is secure and compliant from start to finish.”
150 September 2025