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The Role of Natural Language Processing in CLM Software

  • Natural Language Processing (NLP) is revolutionizing Contract Lifecycle Management (CLM) Software, addressing language barriers and improving accuracy.
  • NLP enables analysis, extraction, and interpretation of legal documents, reducing miscommunications and financial risks.
  • Integrating NLP into CLM software enhances contract management by improving efficiency and accuracy in contract workflows.
  • While NLP has challenges and requires human oversight, its benefits outweigh the drawbacks, shaping the future of contract management.

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