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Contract intelligence is a type of software that integrates machine learning and natural language processing into CLM software. It transforms contractual clauses into structured data and surfaces insights about intended business outcomes at scale. Automated clause detection streamlines the review process by meticulously scanning contracts for recurring clauses and terms, while AI-powered contract analytics tools automate the process of data collection and tagging. This helps legal teams to concentrate on interpretation and planning for future demands, while reducing review times and avoiding revenue leakage.
