How to Cut Through the Contract AI Hype

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.