Back in 2014, IACCM (now WorldCC) estimated that organizations were losing an average 9.2% of the anticipated value from their contracts.
Today, managing contract performance has become even more challenging. Market volatility, geopolitical uncertainty, regulatory requirements are among a myriad of factors that increase costs and threaten revenues.
So does this mean that value erosion today is even worse? For some, the answer is yes. But does Artificial Intelligence offer a solution? Can it make contracting an integrated, value-adding process, not only overcoming the pitfalls, but equipping us with new capabilities?
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