The accelerating pace of business, the global reach of commerce, and a rapidly shifting regulatory environment have created many new opportunities for today’s business organizations, and new and heightened risks for them to navigate. In the face of this change, companies rely on contracts, and the data and information embedded in them, more than ever to respond to new challenges and opportunities.

Today, it is not enough to simply manage contracts. Gone are the days when the focus of contract management software was processing contracts faster and better managing risk. Leading companies are transforming their contracts into strategic advantage by connecting the data they contain to the systems and processes they power. In this new era, legal departments are increasingly being requested to provide strategic insights into how their companies can get the most value out of their contractual relationships. That’s why those looking to stay out in front are going beyond contract management to realize contract intelligence.