3 minute read 9 Oct 2024
How a GenAI-powered tool can accelerate contract management lifecycle

How a GenAI-powered tool can accelerate contract management lifecycle

By EY Ireland

Multidisciplinary professional services organisation

EY Ireland, a leading global professional services organisation providing assurance, tax, audit, strategy and transactions and consulting services.

3 minute read 9 Oct 2024

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Use of GenAI-powered solutions can speed up contract management processes and offer negotiation and risk mitigation guidance.

Summary

Businesses often rely on manual processes for contract creation, review, and approvals, which increases the risk of missing critical elements and exposes them to vulnerabilities. A GenAI-powered tool streamlines these processes, enhances compliance checks, and accelerates decision-making with data-driven insights.

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About this article

By EY Ireland

Multidisciplinary professional services organisation

EY Ireland, a leading global professional services organisation providing assurance, tax, audit, strategy and transactions and consulting services.