Agentic AI is coming for your contracts.
Agentic AI is about to disrupt Procurement and Legal Ops, in ways that traditional AI hasn’t.
Today’s AI is like a GPS, showing you the route to find spending, renewal dates, etc.
Agentic AI is more like a self-driving car.
It won’t just analyze – it will act for you.
Instead of saying, “Show me contracts expiring next month,” you’ll say, “Renegotiate all my renewals.” And the AI agent will do so, autonomously.
We’re already seeing this in Sales, as AI SDRs and research assistants proliferate.
Recently, I’ve seen some demos that convince me agentic AI is going to eliminate many entry-level jobs VERY soon.
We’re already planning and building for a near future where AI agents handle contract negotiations autonomously.
You won’t just use AI to extract data and flag risks.
You’ll give it a negotiation workflow and turn it loose.
By the time the mainstream catches up, companies with AI contract agents will operate at a radically different speed.
And we won’t measure the gap in percentages, but in business models.
How do you see AI agents transforming your industry in the next 5 years?
Matt Lhoumeau is the CEO and co-founder of Concord, a leading provider of Agreement Intelligence solutions. Concord empowers growing businesses to make smarter operational decisions by unlocking actionable insights from contracts, and is trusted by over 1,500 companies worldwide.
