The Future of Contract Lifecycle Management For Businesses is a networking event encompassing revolutionary keynotes, innovative case studies, and panel discussions. This unique industry forum comprises some of leading global experts from the biggest organizations, industry peers, and solution providers. It aims at discussing what Contract Lifecycle Management means, benefits of technologies behind it, progression of Contract Management Technology, Contract Risk Management, Legal Control Management and many more.
Contract Lifecycle Management in simple terms means effectively managing contracts or agreements and relationships between entities by properly planning all the contract management stages resulting in reducing, eliminating or mitigating financial, legal and procurement risks.
A simple contract database or contract repository may be enough for companies with only a small number of contracts to deal with. But, more fully featured CLM systems add significant features and functions to help manage what, for many companies, is an increasingly complex and critical area. As more contract solutions are being offered as a cloud hosted service (SaaS), the advantages of CLM systems are increasingly available even to smaller companies and law departments.
There are certain ways in which artificial intelligence will assist with contract commercial management in the next five years. First is Voice Activated Technology. Voice assistants as the primary interface for business software will be seen. Second comes AI contract negotiation in which contract managers will be able to automate pricing negotiations based on supply and demand. Third is AI contract generation which will help with version control, contract expiration dates and contractual obligations. Last comes AI risk scoring which takes things a step further. It suggests alternative clauses that reduce the risk score and protect the organization as well as business relationships within it. The CLM system scans contracts and flag language which is likely to pose a risk to the organization.
If we look ahead to 2025 and beyond, artificial intelligence (AI) is only going to get better as it relates to contract administration. It is already known that it can replace the need for an actual person to manually read the contract, extract the data and track the obligations. More AI bots will be seen and they will ask a set of questions as they relate to a specific contract and that contain the ability to input that data.
Contract management AI will develop better metrics and more sophisticated analytics tools, enabling legal departments to streamline their workflows and to deliver legal services cheaper and faster. AI's contract management assistance provides legal departments with more tools to increase their productivity and offers value for corporate counsel.
“Zero-hours contracts are a low proportion of the workforce; they provide a route into employment and flexibility for staff. They benefit business, consumers, and taxpayers by keeping costs down, and they boost productivity, allowing the efficient use of labour.” – Jacob Rees-Mogg
Innovative keynotes delivered by the industry's true heavyweights, covering practical challenges and subjects which are exclusively entailed in our agenda. Gain subject matter expertise, network, and collaborate to explore solutions that shed light on future business models impacting revenue inflows.
Futurista Start-up Elevate is a dedicated platform for Startups and VCs. We offer industry-specific startups a showcasing opportunity, enabling them to connect with corresponding VCs and Mentors. A win-win dynamic is created to attain the desired exposure for startups who are looking forward to scaling up their businesses.
A smart application will help you connect with key decision makers, share files, brainstorm ideas, and have a seamless networking experience. A comprehensive module covering the entire event, compiled for training purposes, to be made available post-conference, exclusively for the attendees.
CXO, VP, Director, Head, Manager & Specialist of :
Contract Risk Management
Legal Control Management
Centralized Compliance Monitoring
Integrated Governance, Risk and Compliance
Streamline RFP process
Digital Contract Transformation
Contract Change Management
Custom & Law Enforcement
Oil & Gas
Futurista Startup Elevate is a platform that transforms big-ideas into reality! The FCM2022 3rd November, 2022 will fuel start-ups to take themselves to the top by providing access to VC's, Mentors, and Potential Clientele from the corresponding industries. The perks include Product Showcasing, Speaking Slots, and Campaigns running among our thoroughly researched pack of delegates.
Another feather in our cap- Future of Digital Onboarding and Customer Experience Hybrid Event
which was held on the 11th & 12th of April 2019, in London.
The event brought together some of the key decision makers from the biggest organizations, innovative Start-ups, and Governments around the globe, to discuss the various challenges and explore best-practices to optimize Digital Onboarding, Customer Experience and Identity Management processes for financial institutions.
Group Futurista's first event- Post-GDPR/The Future of Data Protection 2018 was held in
Berlin on 8th & 9th of November. Cross-industrial representatives were invited along with
advocates, techno-sociologists, researches, and government representatives
to draw a bigger picture of the global impact of GDPR on businesses, societies, and cultures
across the world.
The event helped many businesses to be better prepared with GDPR and other tech regulations that needed to be enforced. The Futurista Start-up Elevate platform allowed start-ups like Hotshot to showcase their solutions and collaborate with industry-leading organizations.
“Contracts are not a holy relic in football. You can like this attitude or not, but it's the truth. Sometimes you have to think about if it is meaningful to try out a new impulse.” – Robert Lewandowski