Contract management has become one of the most strategic – yet complex – functions within any organisation. Lengthy contract cycles, constantly evolving regulations and the growing risk of value erosion make the role of the contract manager increasingly demanding.

According to the latest WorldCC (World Commerce & Contracting) report, only 8% of companies have invested in integrated contract management capabilities. This is where artificial intelligence (AI) comes into play, transforming what has traditionally been perceived as an “administrative” task into a genuine accelerator of strategic value.

Today’s challenges in contract management

Managing contracts is not just about drafting and signing documents: it means ensuring every clause is respected, deadlines are monitored, and risks are under control. Yet many organisations face recurring issues:

• Data fragmentation: information scattered across departments and systems, difficult to consolidate.
• Manual, slow processes: contract review, compliance checks and approvals consume significant time and resources.
• Complex compliance: national and international regulations evolve continuously, making it hard to keep contracts up to date.
• Value erosion: inefficiencies and missed optimisation opportunities cause an average loss of 8.6% of contract value, according to WorldCC 2024.

These challenges explain why adopting advanced Contract Lifecycle Management (CLM) tools powered by AI is no longer optional but a necessity for organisations aiming to reduce risks and remain competitive.

The WorldCC Report: AI and Contracts

The “AI and the Contract Management Lifecycle” report, published by WorldCC in December 2024, draws a clear line: AI is no longer a future prospect but an immediate enabler of value. According to the report, AI adoption enables organisations to:

• Reduce value erosion, caused by inefficiencies and lack of oversight.
• Accelerate drafting and review, thanks to intelligent templates, pre-validated clauses and automated suggestions.
• Improve risk management, with predictive systems that flag anomalies, conflicting clauses or potential non-compliance.
• Ensure dynamic compliance, updating contracts and templates in line with the latest regulations.
• Increase transparency with clients and partners, through advanced reporting and real-time notifications.

Crucially, the report highlights that AI does not replace the contract manager; it amplifies their value. By automating repetitive tasks, AI frees up resources for higher-impact activities: strategic negotiations, relationship management and business decision support.

Download the full WorldCC report here

The future of AI in Contract Management

Adopting AI in contract management delivers tangible benefits for both organisations and professionals. The main focus areas include:

• Efficiency and cost reduction: faster contract cycles, fewer manual tasks.
• Risk management and compliance: automatic clause monitoring and real-time regulatory updates.
• The strategic role of the contract manager: freed from repetitive tasks, able to focus on negotiations and strategic decision-making.
• Gradual adoption roadmap: process mapping, pilot projects, ERP/CRM integration and clear AI governance.
• Agentic Architecture: AI agents working together like a hive to support real-time monitoring, automatic updates and predictive negotiation scenarios.

This is a future where contract management becomes fully data-driven and strategic. In other words, AI not only makes contract handling more efficient, but elevates the contract manager to a genuine strategic role within the organisation.

Trakti: the SaaS innovating contract management

Among the most innovative players in this field is Trakti, for its ability to digitalise and automate the entire contract lifecycle.

By combining AI, blockchain and smart contracts, Trakti provides companies with scalable, practical tools. Key features include:

• Process automation: from drafting to signing, with intelligent workflows that reduce errors and shorten cycle times.
• review and compliance: automated clause analysis, risk alerts and regulatory updates.
• Transparency and traceability: blockchain ensures every contract stage is verifiable and secure.
• Integration with enterprise systems: seamless compatibility with ERP, CRM and business intelligence platforms.

With Artificial Intelligence and innovative solutions such as Trakti, contract management evolves from an administrative process into a strategic function. AI accelerates cycles, reduces risks and ensures continuous compliance, enabling organisations to free up resources and capture greater value from every contract. Now is the time to turn contract management into a true competitive advantage.

Contact us for a Demo to deep dive the our inniovative approach Contract management