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.