How Technology Is Transforming Contract Creation: AI, E-Signatures & Automation
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The way contracts are created is one of the major changes that the technology revolution is bringing in the business world. The whole procedure was considered as a slow, paper-consuming one that required manual intervention from the legal teams. Nowadays, contracts are drafted, managed, and executed digitally due to the use of AI, automation, and e-signature technologies. In fact, these changes are completely altering the companies' methods of dealing with contract management, which in turn, gives them the opportunity to lessen the risk, save money, and increase their work productivity. We’ll look into how tech is shaking up the contract lifecycle from the very first to the final step. How Technology Is Transforming Contract Creation The New Era of Digital Contract Creation Traditional contracts often required multiple revisions, email exchanges, and manual approvals before reaching the signing stage. This not only slowed down business transactio...