• Contract digitization is the first step. The first step to eliminating contract “chaos” & gaining visibility into your contracts is centralizing them into a searchable repository. Once you have all your contracts in one place, you’ll gain immediate visibility into your vendor relationships, renewal dates, and contract terms.
• Use AI to adapt to changing business conditions. When new regulations, tariffs, or market conditions emerge, it’s crucial to be able to quickly analyze your contracts for relevant clauses and exposures. Using custom AI properties and clauses to extract the specific data points you need will give you the flexibility you need to adapt your contracts to new regulations without being locked into rigid data structures.
• Capture hidden savings and reduce risk exposure using AI. Utilizing an AI assistant like Jurist to identify buried cost-saving opportunities like volume discounts, rebates, and SLA penalties across your supplier agreements can help your team unlock significant value that would otherwise remain untapped. This proactive approach turns contracts into strategic assets for cost optimization.

Interested in seeing how Ironclad can help streamline your procurement contracts? Talk to one of our digital contracting specialists and get a custom demo.