Infosys BPM

Just like in other business functions, Artificial Intelligence enhances legal and contract management professionals’ understanding of contracts. It further helps them sail over herculean tasks, such as contract reviews, while mitigating risks and leveraging savings opportunities on the go. This edition of SpendBytes focuses on understanding these use cases and explores the huge market opportunity unleashed by AI in contract management and legal processes.

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All contracts need to have real-time visibility to ensure that the risks are managed adequately. Enter intelligent technologies like machine learning, natural language processing, and cognitive automation that are aiding organizations.

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Success Story

Infosys BPM helps a telecom major get an accurate view of their contracts resulting in improved negotiations, a boost in productivity, and the resultant savings of $20 Million.

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The legal AI software market size is anticipated to grow from $317 million in 2019 to $1,236 million by 2024, at a CAGR of 31.3%. How is AI enabling contract-based processes in legal and commercial terms?

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