TL;DR
Back-and-forth, email-based contract negotiation has proven insufficient in the modern age. Version confusion, missed changes, delayed input and approvals, and other deleterious consequences can arise. On the other hand, contract artificial intelligence is speeding up contract negotiations, reducing errors, and empowering contract management personnel to put their best foot forward - with CobbleStone proving to be a leader in next-generation negotiation technology. Here's how.
Financial entities and organizations manage many contracts, interact with myriad Information and Communication Technology (ICT) vendors, and face increasing regulatory pressure to stay "stable." In fact, since January 17, 2025, contracts have suddenly mattered a lot more to EU financial entities due to DORA compliance requirements. The Digital Operational Resilience Act (DORA) is an EU regulation that underscores the importance of digital stability for financial organizations. Thankfully, CLM software can decrease contract risk for EU financial organizations and bring order and clarity to contract processes.
