How is Contract Intelligence (CI) typically distinguished from Contract Lifecycle Management (CLM) systems based on function?
Answer
CLM handles the process, while CI extracts the substance.
Contract Lifecycle Management systems often manage the workflow from creation to execution, while contract intelligence specializes in mining the textual content within those documents for specific, granular knowledge.
Related Questions
What core technologies does contract intelligence primarily employ to process contract data?How is Contract Intelligence (CI) typically distinguished from Contract Lifecycle Management (CLM) systems based on function?By reducing time spent on low-value searching, on what tasks can legal professionals focus more time with CI?What specific benefit does Contract Intelligence provide to the sales organization regarding post-signature accuracy?If a supplier fails to meet an SLA stated in their contract, what capability does the CI system enable the procurement team to do?Compliance officers rely on CI technology to track which types of evolving requirements across the contract portfolio?What specialized skill set is required for roles centered on data governance and contract intelligence model training?In the operational perspective described, the human expert focuses intensely on what percentage of work related to novel risk or opportunity?Which of the following is explicitly mentioned as a meaningful data point targeted for extraction by contract intelligence?What is the likely outcome for job titles when Contract Intelligence is introduced, according to the text?