Technology

How AI is Transforming Contract Management

What AI can extract reliably today, what still needs human review, and how finance teams should implement it safely.

1/10/2025
6 min read
How AI is Transforming Contract Management

AI is most useful when it reduces manual scanning and standardizes what gets surfaced for review — especially renewals, term lengths, and notice periods.

What AI is great at

  • Finding renewal dates and term lengths
  • Surfacing notice periods and auto-renew language
  • Extracting key commercial terms into a structured view

What still needs human judgment

  • Non-standard clauses
  • Ambiguous termination language
  • Complex pricing schedules and addendums

A safe rollout plan

Start with high-volume vendor agreements, require review for extracted terms, and standardize ownership for renewals.