Contract Insights

Contract managers today contend with growing volumes of agreements, stricter compliance expectations, and tighter renewal windows—all while juggling daily responsibilities. Managing obligations and renewal cycles manually has become too risky. Consequently, automation is emerging as a critical tool for helping ensure deadlines are met, compliance is maintained, and opportunities for renegotiation or cost savings are not missed.

AI‑driven contract intelligence is reshaping the way organizations manage contracts by automating extraction, accelerating reviews, detecting critical clauses, and evaluating risk with unprecedented precision. As businesses juggle growing contract volumes and tight compliance requirements, teams increasingly rely on contract AI to improve speed, consistency, and strategic decision‑making. By integrating advanced language models and machine learning into the contract lifecycle, organizations can move away from manual processes and adopt a more proactive, insights‑driven approach to contracting.

This recent executive order stresses the importance of artificial intelligence (AI) education for American youth. Understanding and leveraging AI properly is critical to preparing the next generation for the AI-driven economy and workforce. CobbleStone Software's VISDOM^® AI, contract artificial intelligence powered by machine learning, offers a unique and practical application of AI. CobbleStone Software's VISDOM+ generative AI presents exciting possibilities for shaping how future professionals interact with and utilize generative AI.

Conversations about artificial intelligence (AI) and machine learning in a business setting are important. According to a study performed by MIT Sloan Management Review, over 80% of organizations see advanced AI as a vehicle for strategic opportunity. Additionally, 85% of organizations view AI as a means for competitive business advantages.¹

This interest in – and implementation of – AI applies to legal professionals, in-house legal teams, and other contract managers as well. Manually managing and reviewing an ever-increasing number of contracts and legal documents of varying complexity is stressful and inefficient. But it does not have to be.

Organizations can improve contract review and contract automation with AI-powered contract management software.

A healthy contract management process should constantly be adapting to technological advancements.  As contract volume and contract complexity begin to grow, organizations must embrace digital transformation to be furnished with the right tools to streamline the contract management process.  Such innovative CLM tools can be found within a trusted contract management software system. Read on to learn more.

In the constantly-evolving landscape of business technology, generative artificial intelligence has emerged as an unstoppable force – positively transforming the way businesses across sizes and sectors operate. This tour-de-force of power of generative AI also applies to contract lifecycle management (CLM).

We did it!

CobbleStone Software has completed its widely anticipated million-clause project! The goal of this project (which has been met) was to nourish and enhance CobbleStone's industry-leading artificial intelligence engine with machine learning—VISDOM^® AI.

Let's discuss in more detail what the completion of this million-clause initiative means to contract managers and other business professionals using CobbleStone's award-winning contract management, eProcurement, and eSourcing suite, CobbleStone Contract Insight^®.

Efficiency and accuracy are of vital importance when managing contracts. Many organizations fear they may fall behind as more and more of their peers embrace automation through artificial intelligence.

One notable area AI has positively transformed is contract summarization. With the advent of AI-powered contract summarizers, legal operations teams can now optimize contract lifecycle processes like never before. In this blog post, let's explore five ways contract summarization with AI-backed contract management software can change the game of legal operations.