1、 World Commerce&Contracting 2025.All rights reserved1AI and the Contract Management LifecycleIn partnership with World Commerce&Contracting 2025.All rights reserved2Instead,contract managers will be enabled by a streamlined,data-driven powerhouse of efficiency and innovation.By embracing the power o

2、f AI and great contract management skillsets,organizations can unlock unprecedented value,enhance compliance,and see contract managers elevated to strategic business partners.This new era of contract management can reduce risks and improve decision-making while also fostering stronger client relatio

3、nships.With AI handling routine tasks,the contract manager of the future can focus on high-value activities,ultimately leading to better business outcomes and a more agile and responsive contract management function.The paper released by WorldCC in December 2024 provides an insight into the strategi

4、c business value presented by the use of AI in the contract lifecycle.It explains how AI shifts business capability from transactions and compliance to an environment that is disciplined,yet dynamic.An environment that is rich in data and the intelligence to align the creation and management of cont

5、racts to business objectives.AI promises lower costs and increased revenue the opportunity to tackle the 8.6%average value erosion that has invisibly eaten away at financial performance.2 ContentsIntroduction 2 Introduction 3 A nuanced approach to AI 4 AI impact on Contract Management Lifecycle(CML)

6、5 AIs new capabilities 7 AI impact on the role and value of the contract manager 9 Positioning of the contract management role in the business 10 The AI impact on skills 12 Conclusion 13 Appendix:the contracting lifecycle 14 Contacts IntroductionA nuanced approach to AIAI impact on CMLAIs new capabi