From CLM to Agreement Intelligence: The Evolution of Contract Management

December 5, 2024 • Contract Management Software • 4 minutes

Table of contents Newsletter

  1. Contracts: a missed opportunity for strategy
  2. The solution: Agreement Intelligence
  3. How agreement intelligence amplifies team impact
  4. Case study: how LeoVegas leveraged agreement intelligence
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Picture Sarah Jenkins, head of operations at a mid-sized tech company, staring at a stack of contracts sprawled across her desk. Each document represents hours spent on manual tasks — extracting payment terms, flagging deadlines, and reconciling fragmented records. These aren’t just administrative hassles. They’re barriers that slow down her team, keeping them from focusing on the bigger picture.

For Sarah, contracts feel like a weight, not a resource. Her team’s experience mirrors a broader challenge that businesses face: a failure to tap into the full potential of contracts as strategic tools.

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Contracts: a missed opportunity for strategy

For decades, contracts have been treated as static archives — signed, stored, and forgotten. Traditional contract lifecycle management softwares (CLM) promised relief but often fell short. These tools digitized filing cabinets, but they didn’t do much more. For Sarah’s team, inefficiencies persisted. Data entry and spreadsheet cross-referencing drained time and energy, leaving critical obligations buried in cluttered systems.

The problem isn’t the contracts themselves. They contain valuable data — contract renewal deadlines, payment schedules, compliance clauses — but most organizations don’t have the tools to unlock it. Instead, teams drown in administrative bottlenecks, unable to turn these documents into actionable insights.

The solution: Agreement Intelligence

Agreement Intelligence changes everything. It doesn’t just digitize contracts; it transforms them into living, dynamic assets. Contracts no longer sit idle — they surface critical data, track obligations, and seamlessly integrate with other business systems. For Sarah’s team, this shift eliminates repetitive tasks and replaces them with AI-driven insights, making every decision faster and more precise.

With Agreement Intelligence, teams move from reactive to proactive. They’re no longer scrambling to meet deadlines or hunting for data. Instead, they focus on driving value and making informed decisions that benefit the business.

How agreement intelligence amplifies team impact

Agreement Intelligence doesn’t replace human expertise — it enhances it. By using AI to extract metadata like dates, payment terms, and renewal clauses, it organizes contracts into a centralized system. This approach doesn’t just streamline processes; it empowers every department to work smarter.

  • Finance gains clarity. With real-time access to payment obligations and revenue opportunities, finance teams can forecast cash flow and manage costs with pinpoint accuracy.
  • Legal reduces risk. Automated metadata extraction highlights potential contract compliance gaps, helping legal teams address issues before they escalate.
  • Procurement negotiates better deals. Centralized vendor data and performance metrics enable procurement teams to negotiate confidently and strategically.
  • Operations allocate resources effectively. Service-level agreements and other contract terms guide operational planning, ensuring resources are focused where they’re needed most.

Case study: how LeoVegas leveraged agreement intelligence

LeoVegas, a global leader in online gaming, operates in one of the most complex regulatory environments imaginable. Their legal team used to spend weeks manually reviewing contracts to ensure compliance with shifting rules and requirements.

With Agreement Intelligence, those weeks have been reduced to hours. By tagging critical clauses and automating compliance tracking, LeoVegas has turned a cumbersome process into a strategic advantage. Their legal team now spends less time reacting to issues and more time shaping the company’s approach to compliance and risk management.

From frustration to strategic impact

For Sarah Jenkins and countless others like her, the adoption of Agreement Intelligence represents a turning point. Contracts, once a source of frustration, now drive operational efficiency, risk management, and strategic growth. Agreement Intelligence transforms teams from administrators buried in paperwork to proactive leaders shaping their organizations’ futures.

The question isn’t whether to adopt Agreement Intelligence — it’s when. The organizations that embrace this shift will unlock a future where contracts aren’t just static files but critical tools that propel businesses forward.

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