Evisort Whitepaper: Building a Digital Contracting Center of Excellence
A few clicks and all your tedious managerial work is accomplished. Automated contract management: the magic words every in-house legal and procurement team wants to hear. These three little words spell the end to untold hours of manual contracting tasks — tracking down signatures, digging for expiration dates, organizing vendor agreements — and signal a brighter future filled with fulfilling work. As the mouthwatering premise of AI-powered digital contracting has become a reality over the last few years, it’s no surprise the technology has been met with such fanfare.
Adopters eventually learned that simply getting their hands on contract management software was not the panacea they envisioned. Sure, it eliminated some admin work for legal ops. But to justify the investment, the system would have to deliver more strategic value across the entire enterprise.
Transforming your digital contracting product into a business-driving, self-sustaining innovation function requires another investment: a Center of Excellence. This guide teaches legal teams how to establish a digital contracting Center of Excellence at their organizations, following a model major Silicon Valley companies have used to accelerate their automation initiatives.
Readers will learn best practices in digital contract management processes, including improving AI models, handling reporting requests and integrating stakeholders from different departments. If you’re an enterprise that’s considering or recently invested in AI contract management technology and want to maximize its business impact, this ebook is for you.