Applying AI to your legal department operations is the best way your organization can laser-focus on your business objectives while taking advantage of leading-edge technology. Using AI can yield significant end results when applied correctly to your business challenges, but like any piece of technology, it not only needs to be adopted by the organization, but it also needs executive commitment and the right partnership.

AI can make a big difference in how your legal and claims professionals work and even how they think. Operationalizing the huge amounts of data your organization possesses allows your people to concentrate on high-value work rather than the rote tasks that drain hours and energy.

This Whitepaper has three key areas to consider:

• Better intelligence to drive decisions
• Improved productivity and more efficient workflows
• Increased compliance and cost savings

Takeaway item:

This RFP template is designed as a tool to help your organization evaluate AI-powered legal bill review solutions. It provides a structured framework to capture all the necessary details for a thorough comparison of vendors and their capabilities.

Artificial intelligence, and Generative AI specifically, have taken over the conversation since ChatGPT gained widespread popularity in early 2023. But what’s real and what’s hype? How can you tell the difference? Can an AI-powered contract management system really prove its worth? And, most importantly, how can Legal Ops teams tasked with making investments in software to drive the legal department – and the entire business – forward make sure they’re picking the right solution? 

Get ready to drop the hype and forget the bells and whistles. This guide offers practical advice and step-by-step guidance on how to tell if the Contract AI you’re evaluating will live up to its promises across 5 key areas. 

Learn the right questions to ask and take advantage of our pre-built evaluation forms for any system’s: 

• Ability to cleanse existing contracts

• Ability to organize all contracts, past, present and future

• Ability to extract provisions, terms and clauses (even when they aren’t obvious!) 

• Ability to draft, redline and provide insights and analysis from contract data

• The ability to leverage AI to do all of this and more with accuracy and ease 

Armed with the knowledge within this guide, you’ll be ready to evaluate any contract management platform and determine its ability to live up to the contract AI hype.