Take the GC of the Future survey and go in the draw to win a $500 gift card > Start the survey  *T&C's apply

Types of contracts explained

This guide outlines the most common contract types used by modern organisations, explains when, why and how each agreement is used, and provides access to practical contract templates.

 

Untitled design (12)

What is contract management?

Contract management is the process through which an organisation creates, approves, executes, stores and renews contracts. It ensures every agreement is delivered as intended and that obligations across the business are understood and met.

Contracts underpin almost every business activity. They determine what work needs to be done, who will do it, when it must be completed and what it will cost. With so many agreements moving across departments, businesses need a structured approach to managing the entire contract lifecycle and clear accountability at every stage.

What is the contract lifecycle?

The contract lifecycle refers to the stages a contract moves through from initial request to renewal. These stages include:

1. Briefing (Intake): Business stakeholders provide Legal with the details and objectives of the agreement they want the organisation to enter into.

2. Drafting: Legal teams draft the contract using approved templates and standard terms. Modern CLM platforms often support AI-assisted drafting to speed up this stage.

3. Negotiation: Once the draft is shared with the counterparty, both sides negotiate terms. This stage ensures the details, responsibilities and commercial outcomes are clearly agreed.

4. Approval: Most contracts require sign-off from senior leaders, such as a CFO or department lead. Approval ensures the organisation has the capacity, budget and resources to meet the proposed obligations.

5. Execution: After agreement on the final terms, the contract is signed and becomes legally binding. Many companies use electronic signature tools to streamline this step.

6. Storage and Obligation Management: Signed contracts must be stored securely so the business can quickly access terms, obligations and upcoming deadlines. Reminders for renewals, expiries and milestone dates help prevent risk.

7. Renewal: Contracts with expiry dates need to be reviewed and renewed if the relationship is to continue. Renewal often includes renegotiating pricing, deliverables or service levels.

What is a contract management system?

A contract management system (CMS), sometimes referred to as contract lifecycle management software, is the structure an organisation uses to manage contracts from start to finish. The system ensures contracts are stored securely, approvals are followed, timelines are tracked and risk is minimised.

CMS solutions range from simple storage tools to advanced AI-enabled platforms that automate workflows, flag risks and surface insights.

What happens to a contract after it is signed?

In many organisations, the contract is signed and then forgotten. It might be stored in email, on a personal drive or in a filing cabinet. This creates unnecessary risk.

Common issues include:

  • Missed deadlines for key obligations

  • Failure to enforce service levels

  • Inability to locate the signed version when employees leave

  • Missed renewal opportunities or unintended contract lapses

A lack of visibility over signed contracts exposes the organisation to operational, financial and compliance risk. A signed contract that is not actively managed becomes a ticking time bomb.

Is there a better way to manage contracts?

Yes. More organisations now use dedicated contract management software instead of manual processes. Purpose-built systems improve visibility, speed and compliance across the entire lifecycle.

What is contract management software?

Contract management software centralises the creation, execution and oversight of contracts. It helps organisations:

  • Create and approve contracts using structured workflows

  • Execute agreements securely through integrated eSign tools

  • Store contracts in a searchable repository

  • Track obligations and important dates with automated reminders

  • Analyse contract activity for trends, bottlenecks and risks

  • Identify issues using AI-powered review and summarisation features

The software ensures every contract follows the correct process and gives teams full visibility of the work in progress and completed agreements.

Why choose cloud-based contract management software?

Cloud-based contract management solutions allow Legal and business teams to collaborate in real-time from any location. They provide a single, secure source of truth for every contract.

Platforms like Plexus legal OS give teams:

  • Visibility into contract status, progress and priority

  • A central place to store and retrieve legacy contracts

  • Automated approval workflows

  • Integrated eSignature

  • Fast access to contract summaries and risk insights through Plexus AI

The future of contract management

AI-powered CLM systems are shifting contract teams from manual administration to strategic enablement. Tools like Plexus and Plexus AI reduce manual review time, surface risks instantly and help Legal teams focus on higher-value work.

Summary: Why contract management matters

Effective contract management helps organisations:

  • Maintain accountability across teams

  • Reduce operational and compliance risk

  • Speed up contract cycles

  • Improve visibility of obligations and deadlines

  • Free legal teams to focus on strategic work

What is Contract Lifecycle Management?

 Contract Lifecycle Management (CLM) is the process of managing a contract from the moment it is requested through to drafting, negotiation, approval, execution, storage and renewal. For modern organisations, CLM is essential for reducing risk, improving compliance, accelerating revenue and removing unnecessary manual work from Legal, Finance, Procurement and the wider business.

This guide provides a comprehensive overview of CLM, including how the contract lifecycle works, why traditional processes often fail, the role of approval and negotiation within the lifecycle, and how a modern CLM platform like Plexus enhances each stage.

What is the contract lifecycle?

The contract lifecycle describes each stage a contract moves through from initial request to final renewal. The lifecycle typically includes briefing, drafting, negotiation, approval, execution, storage and renewal. Each stage contributes to accuracy, compliance, efficiency and business value.

  • Briefing: The lifecycle begins when the business asks Legal to formalise an agreement. To brief Legal effectively, the business must supply details about the purpose of the agreement, the counterparty, commercial terms, associated risks, required timelines and supporting documents. If briefing is done over email, via verbal requests or using incomplete information, Legal must chase stakeholders, slowing the entire process. Modern CLM platforms standardise briefing with structured intake forms that collect all required information upfront.
  • Drafting: Legal drafts the contract using templates, clause libraries and previous agreements. Drafting establishes the terms of payment, deliverables, timelines, responsibilities and risk. Traditional drafting using Word documents and email attachments creates version confusion. CLM drafting tools improve this stage by providing pre-approved templates, automated clause libraries, real-time editing, audit trails and controlled access.
  • Negotiation: Once the first draft is complete, it is shared with the counterparty for negotiation. This is where revisions, commercial adjustments and risk positions are discussed. In manual environments, negotiation requires long email chains, multiple versions and PDF markups, slowing progress and increasing errors. Contract negotiation tools streamline this stage with browser-based redlining, real-time collaboration, automatic version control, clear audit history and centralised communication.
  • Approval: Before a contract is executed, it must be reviewed and approved by the correct internal stakeholders. These may include Finance for spend validation, Legal for risk review, department leaders, Procurement for supplier checks and Marketing for brand considerations. Approval workflows often fail because roles are unclear and approvals rely on email. CLM platforms automate approvals using Delegation of Authority rules, automatic reminders, transparent routing and real-time status tracking.
  • Execution: Execution occurs when the authorised parties sign the contract. Requirements vary depending on whether the signatory is an individual, partnership, company or trustee. Manual execution methods like printing and scanning are slow. Modern execution uses eSignature to shorten turnaround times, improve compliance, and store signed agreements automatically. CLM platforms integrate eSignature so contracts move seamlessly from approval to signing.
  • Storage: Storage is often the most neglected stage of the lifecycle. Many organisations still rely on filing cabinets, local hard drives and email folders. This leads to lost contracts, missed renewals and forgotten obligations. CLM systems offer a secure, searchable repository that stores drafts, versions, metadata, key dates and executed documents so contracts are always accessible.
  • Renewal: Most contracts have expiry or renewal dates. Without tracking, organisations may miss renewal opportunities or allow auto-renewals at unfavourable rates. CLM platforms provide automated reminders and workflows that ensure renewals are reviewed with enough time for negotiation or discontinuation.

What is contract lifecycle management (CLM)?

CLM is the system or process used to control contracts across their lifecycle. It includes standardised procedures, automation tools, templates, approval routing, negotiation tools, execution workflows, centralised storage and analytics. Manual CLM quickly becomes insufficient as contract volume grows. Modern CLM software replaces fragmented workflows with one integrated system.

Risks of poor CLM

Organisations without structured CLM face predictable risks. Contracts get lost when they rely on personal storage. Missed renewals cause unwanted auto-renewals or lapses. Delays from poor briefing, negotiation and approvals slow revenue and procurement. Legal becomes perceived as a blocker when processes are unclear. Compliance risk increases when approvals do not follow policy. Finance and Procurement lack visibility into spend, obligations and supplier performance.

Contract approval workflows explained

A contract approval workflow defines the path a contract takes before signing. It typically includes Finance review, Legal review, leadership approval and departmental checks. Manual workflows suffer from multiple review cycles, limited visibility, errors and bottlenecks. CLM platforms improve approvals by automating routing, providing real-time updates, sending reminders, enforcing Delegation of Authority rules and maintaining audit trails.

Contract execution best practices

Efficient execution includes using eSignature, validating signatory authority, documenting execution dates, storing executed copies centrally and tracking effective dates. CLM platforms automate these steps to reduce delays and improve compliance.

Understanding contract negotiation

Negotiation refines the contractual terms to reach a mutually agreeable outcome. Effective negotiation includes strong preparation, understanding both parties’ priorities, communicating clearly, documenting changes, seeking advice and avoiding verbal only commitments. When negotiating with customers, additional focus is needed on listening, maintaining trust, providing rationale for positions and keeping the process efficient to avoid losing momentum.

What is contract negotiation software?

Contract negotiation software simplifies and accelerates negotiation by providing real time editing, redlining, version comparison, commenting, automatic version control and audit trails. These tools usually sit within broader CLM systems so negotiation, approval and execution stay connected.

How contract management software supports the end-to-end lifecycle

Modern CLM platforms include structured intake, templates, approval workflows, negotiation tools, eSignature, secure storage, renewal tracking, analytics and AI-assisted contract review and drafting. Consolidating these steps creates clarity, speed and control while reducing manual work.

Best practices for modern CLM

Effective CLM relies on standardising templates early, automating repetitive tasks, defining roles clearly, maintaining a single source of truth, tracking every action, enabling business self-service and using analytics to gain insights into performance, risk and spend.

How Plexus enhances contract lifecycle management

Plexus provides an AI-powered legal operating system that supports automated workflows, intake and triage, template control, negotiation tools, eSignature, secure storage, renewal alerts, AI contract review, audit trails and enterprise-wide self-service. Plexus helps Legal and the business teams they support reduce risk, eliminate manual work and scale legal support.

Conclusion

Contract Lifecycle Management is critical for every organisation. Manual processes create delays, risk and inconsistent outcomes. Modern CLM platforms centralise and automate contract processes, improving compliance, accelerating execution and giving teams full visibility across agreements. Plexus provides a faster, smarter and more secure way to manage contracts from initial request to renewal.

 

Key differences: Contract management vs CLM

Here’s a comparison of the role the two systems play: 

Feature Contract management (CMS) Contract lifecycle management (CLM)
Scope Document-centric: creation, approval, storage End-to-end lifecycle: request to renewal, contract-to-invoice, obligation management
Focus Administrative or legal only Cross-functional: legal, procurement, finance, operations
Automation Limited workflow or manual Automates workflows, integrates systems, tracks obligations
Data & insights Basic tracking (e.g., expiry dates) Performance analytics, risk dashboards, process bottlenecks
Example outcome Contract stored and signed Contract value extracted, risk reduced, process optimised

 

Why this distinction matters

Understanding the difference is critical because many organisations mistakenly believe they are managing contracts effectively when they only have document management in place. As contract volume grows, complexity rises and risk expands — a narrow contract management approach leaves gaps. CLM offers major benefits: improved visibility, faster cycle times, reduced risk of missed renewals, better compliance, and tighter alignment between contract terms and business performance.

How to choose between CMS and CLM

When evaluating your contract approach and systems, consider:

  • How many different teams use contracts (Legal, Finance, Procurement, Sales)

  • Whether you need automated workflows and integration with other systems

  • Whether you track contract performance, obligations and renewals proactively

  • Whether your contracts are treated as static documents or strategic assets

  • Whether your current processes scale effectively with growth

If you are managing contracts mostly through email, spreadsheets and simple filing, you are likely working in a CMS mode. If you need end-to-end automation, visibility and analytics, you should consider a CLM-system approach.

Practical steps for upgrading to CLM

  1. Map your current contract process: from request to renewal.

  2. Identify bottlenecks (e.g., manual approvals, lost contracts, missed renewals).

  3. Select a solution that supports full lifecycle functionality (templates, workflow, negotiation, execution, obligation tracking).

  4. Integrate with other systems (procurement, ERP, finance) to ensure contract terms link to operational outcomes.

  5. Roll out in phases with high-impact use cases (e.g., high-volume supplier contracts).

  6. Track KPIs: cycle time, renewal rate, value leakage, compliance exceptions.

Why modern organisations are adopting CLM

Due to increasing regulatory complexity, global supply chains, vendor risk, digital transformation and contract volume explosion, organisations need more than document storage. The market for CLM solutions is projected to grow significantly.

By moving to CLM, organisations gain:

  • End-to-end visibility over contract lifecycle

  • Integration of contract data into business processes

  • Faster approvals and execution

  • Automated renewal management

  • Insight into contract performance and risk

Related resources

  • [Download: Your guide to buying contract lifecycle management software]

  • [Case study: How Plexus helped a high-volume legal team reduce turnaround time].

  • [Blog: 10 mistakes companies make when buying a contract management system].

AI-powered contract management: a comprehensive guide

Artificial intelligence in contract management refers to the use of machine learning, natural language processing, and automation technologies to create, review, negotiate, analyse and manage contracts across the entire contract lifecycle. AI-powered contract management systems are designed to reduce manual work, minimise risk, improve accuracy and accelerate time-to-signature.

AI is no longer a future concept. It is now embedded across legal and commercial workflows, transforming how organisations create, review and manage contract obligations. Today’s AI-powered contract lifecycle management (CLM) platforms help Legal and the business work faster, with greater consistency and lower risk.

How is AI transforming contract management today?

AI is reshaping contract management by automating repetitive tasks, improving visibility, and enabling instant analysis of contract data. Modern legal teams use AI to:
  • Review contracts in minutes
  • Identify risky clauses before signing
  • Accelerate negotiation cycles
  • Generate summaries and obligation lists instantly
  • Surface insights across large contract portfolios
  • Reduce administrative workloads by up to 80 per cent
  • Ensure compliance using real-time regulatory monitoring

What are the benefits of AI in contract management?

Organisations adopt AI in contract management to:
  • Reduce contract turnaround time
  • Improve accuracy and reduce human error
  • Ensure consistent use of preferred terms
  • Improve visibility of obligations, renewals and risk
  • Shorten negotiation cycles
  • Scale legal support and enable business self-service
  • Free Legal teams to focus on strategic work instead of low-value admin
What does AI-powered contract management look like in practice?

AI capability is now embedded across the entire contract lifecycle. In a typical workflow, AI can:
• Generate a first draft using approved templates and clause libraries
• Flag high-risk clauses or terms that vary from policy
• Suggest alternative language
• Summarise complex agreements for fast review
• Extract key dates, obligations and renewal details
• Route contracts through automated workflows
• Auto-classify contracts and store them with metadata
• Analyse portfolio trends such as risk concentration or cycle times

Platforms like Plexus AI integrate these capabilities into one environment so Legal and business users can collaborate without switching tools.

Is AI replacing traditional contract management systems?

AI does not replace CLM; it enhances it. Traditional CLM systems automate workflow and storage. AI adds intelligence, enabling:
• Faster drafting
• Instant contract review
• Real-time risk detection
• Automated summarisation
• Predictive insights into renewals, negotiation bottlenecks and value leakage

Modern CLM platforms combine both. The future standard is an AI-powered legal operating system rather than a standalone CLM.

What can I do in AI Contract Management?

AI enhances every stage of the contract lifecycle by automating tasks that traditionally required hours of manual legal work. Core capabilities include:

  • Drafting contracts from approved templates
  • Reviewing agreements against policy, fallback positions and risk thresholds
  • Comparing versions during negotiation and highlighting all deviations
  • Identifying missing, high-risk or non-standard clauses
  • Extracting obligations, dates, commercial terms and renewal triggers
  • Sending automated alerts for expiries, milestones and compliance issues
  • Analysing historical contract data to identify trends and bottlenecks
  • Predicting negotiation outcomes using patterns in past agreements

Modern contract management platforms like Plexus' AI-powered legal OS extends these capabilities further with:

  • Automated clause identification and standardisation
  • Drafting suggestions that stay aligned to your legal policies and playbook
  • Instant risk scoring using an intuitive traffic-light system
  • Real-time insights that explain issues in plain English
  • Automated obligation tracking, approvals and amendments
  • Secure, centralised storage with structured metadata for instant search 

How does contract management AI work?

AI uses machine learning and natural language processing (NLP) to understand the structure and meaning of contract language. It is trained on large volumes of agreements to recognise:
• Clause types
• Risk patterns
• Variations from standard terms
• Commercial implications
• Required actions and deadlines

AI then automates or accelerates tasks that previously required hours of manual review.

Which contract management tasks can be automated with AI?

AI is particularly effective for:
• First-pass contract review
• Redline comparison
• Obligation extraction
• Drafting simple contracts
• Approvals routing
• Data entry and tagging
• Risk scoring
• Reporting across a contract portfolio

What is the difference between AI and traditional CLM software?

Traditional CLM is workflow automation. AI is intelligence.
• CLM stores and tracks contracts
• AI interprets contract language
• CLM moves contracts from step to step
• AI reviews, analyses and optimises those steps
• CLM gives structure
• AI gives insight

Together, they create an end-to-end contract management ecosystem.


AI contract review: everything you need to know

How does AI perform contract reviews?

AI contract review tools analyse a contract’s text, structure and clauses to:
• Identify deviations from policy
• Highlight ambiguous or missing terms
• Extract commercial and compliance obligations
• Suggest alternative clauses
• Provide commentary and summaries

AI reviews can be completed in minutes, improving both speed and accuracy.

Is AI reliable for reviewing legal contracts?

AI contract review is highly reliable for:
• Identifying clause types
• Highlighting high-risk language
• Comparing versions
• Extracting data
• Spotting inconsistencies

AI is not a replacement for legal judgement, but it significantly reduces the time required for lawyers to complete reviews and improves quality through consistency.

What are the best AI tools for contract review?

The strongest AI contract review solutions offer:
• Real-time clause analysis
• Risk scoring
• Custom policy training
• Summary generation
• Seamless integration with CLM workflows
• Enterprise-grade security
Plexus AI is trained on legal-grade data sets and deeply integrated into workflow automation, providing both speed and risk control.

Can AI speed up contract review for in-house teams?

Yes. AI-driven contract review reduces review time by up to 80 percent, allowing legal teams to focus on negotiation strategy and stakeholder enablement rather than manual clause scanning.


Artificial intelligence contract review and contract analysis

What is AI-driven contract analysis?

AI contract analysis refers to the automated extraction, categorisation and interpretation of contract data. This allows legal and commercial teams to:
• Search contracts by clause, obligation or risk level
• Understand contract exposure at scale
• Compare performance across suppliers or counterparties
• Identify trends such as renewal patterns or frequently negotiated terms
• Generate dashboards for Legal Ops and executive reporting

How accurate is artificial intelligence in reviewing contracts?

Accuracy depends on model quality and training data. Leading legal AI tools consistently identify clauses and risks at a level equal to or better than human reviewers for standard agreements. Complex contracts still require human supervision, but AI dramatically accelerates the initial review.

How do lawyers use AI for contract review?

Lawyers use AI to:
• Complete first-pass review
• Flag risks before negotiating
• Generate summaries for stakeholders
• Draft amendments and fallback positions
• Search for clauses across thousands of agreements
• Validate whether commercial terms match policy

Can AI help reduce contract risk?

Yes. AI reduces risk by:
• Improving compliance with playbooks
• Ensuring obligations are tracked and not missed
• Flagging deviations from standard terms
• Increasing visibility of contract data
• Providing early warnings for expiries and renewals
• Detecting inconsistent language and duplicated terms


Artificial intelligence in contract lifecycle management (CLM)

AI enhances every stage of the contract lifecycle:
• Intake: AI categorises requests, recommends templates and pre-fills data
• Drafting: AI generates first drafts and ensures approved language is applied
• Negotiation: AI compares redlines and suggests alternative clauses
• Approval: AI identifies required approvers and routes workflows
• Execution: AI checks signature completeness and metadata
• Storage: AI auto-tags and classifies contract documents
• Renewal: AI identifies upcoming deadlines and potential risks
• Analysis: AI surfaces portfolio insights for optimisation and cost control

AI-powered CLM platforms, such as Plexus, combine automation with intelligence to deliver a faster, more compliant and data-driven contracting process.


Want an AI-powered CLM designed for in-house teams?

Plexus AI brings together:
• Instant contract review
• AI-assisted drafting
• Automated workflow and approvals
• Advanced search and contract analytics
• Integrated eSign
• Legal-grade security and compliance
• Rapid onboarding with expert support

Explore how AI transforms contract management across Legal, Procurement, Sales, HR and Operations.


If you'd like, I can also produce:
• AEO-optimised FAQ schema for this page
• A short or long version for blog vs. product page
• Internal link mapping for Plexus resources and case studies
• A matched “AI vs CLM comparison” page

Just tell me what you want next.


 
You said:
remove all lines between and make title heading three and subheads heading 4 and all body in parahgraph
 
Plexus website builder said:

Here is your fully formatted version with:
No lines between sections
All titles as H3 (###)
All subheads as H4 (####)
All body content as standard paragraphs
No long dashes


AI powered contract management: a comprehensive guide

Artificial intelligence in contract management refers to the use of machine learning, natural language processing and automation technologies to create, review, negotiate, analyse and manage contracts across the entire contract lifecycle. AI powered contract management systems reduce manual work, minimise risk, improve accuracy and accelerate time to signature. AI is now embedded across legal and commercial workflows, transforming how organisations create, review and manage contract obligations.

How is AI transforming contract management today?

AI is reshaping contract management by automating repetitive tasks, improving visibility and enabling instant analysis of contract data. Modern legal teams use AI to review contracts in minutes, identify risky clauses before signing, accelerate negotiation cycles, generate summaries and obligation lists instantly, surface insights across large contract portfolios, reduce administrative workloads and ensure compliance.

What are the benefits of using AI in contract management?

Organisations adopt AI in contract management to reduce contract turnaround time, improve accuracy, ensure consistent use of preferred terms, improve obligation visibility, shorten negotiation cycles, reduce administrative burden and support data driven decision making.

What does AI powered contract management look like in practice?

AI capability is now embedded across the entire contract lifecycle. In practice, AI can generate a first draft using approved templates, flag high risk clauses, suggest alternative language, summarise agreements, extract obligations and dates, route workflows, classify contracts automatically and analyse portfolio trends.

Is AI replacing traditional contract management systems?

AI does not replace CLM systems. It enhances them. Traditional CLM automates workflow and storage. AI adds intelligence that supports faster drafting, instant review, real time risk detection, automated summarisation and predictive insights. Modern platforms combine both into an AI powered legal operating system.

Contract management AI: what it can do and how it works

Contract management AI can draft agreements, review contracts against policy, compare versions, identify missing or risky clauses, extract obligations and commercial terms, alert teams to renewals, analyse trends and predict negotiation outcomes.

How does contract management AI work?

AI uses machine learning and natural language processing to understand contract language. It identifies patterns, clause types, risks and commercial terms, enabling automation of work that previously required hours of human review.

Which contract management tasks can AI automate?

AI is particularly effective for first pass contract review, redline comparison, obligation extraction, drafting simple agreements, routing approvals, data tagging, risk scoring and reporting.

What is the difference between AI and traditional CLM software?

Traditional CLM is workflow automation. AI is intelligence. CLM stores and tracks contracts. AI interprets contract language and surfaces insights. CLM provides structure. AI provides decision support.

AI contract review: everything you need to know

AI contract review tools analyse contract text, structure and clauses to identify risks, highlight deviations, extract obligations, suggest alternatives and summarise key information. Reviews that once took hours can now be done in minutes.

Is AI reliable for reviewing legal contracts?

AI is highly reliable for identifying clause types, spotting inconsistencies, highlighting risks and extracting data. Complex matters still require legal oversight, but AI significantly accelerates review and improves consistency.

What are the best AI tools for contract review?

Leading tools offer real time clause analysis, risk scoring, playbook alignment, summary generation, metadata extraction, search and analytics. Enterprise solutions like Plexus AI combine these capabilities directly within the contracting workflow.

Can AI speed up contract review for in house legal teams?

Yes. AI reduces review time by up to 80 percent, allowing in house teams to focus on negotiation and stakeholder enablement instead of manual scanning.

Artificial intelligence contract analysis

Artificial intelligence contract analysis automates the extraction, classification and interpretation of contract data. This gives teams the ability to search across portfolios, understand risk exposure, analyse supplier performance, identify trends and generate reporting dashboards.

How accurate is AI in reviewing contracts?

Accuracy depends on model quality and data. Leading legal AI tools match or exceed human accuracy for standard contract types and significantly reduce human error.

How do lawyers use AI for contract review?

Lawyers use AI to complete first pass reviews, flag risks, prepare negotiation notes, compare versions, generate summaries and validate that contracts align with policy.

Can AI help reduce contract risk?

Yes. AI improves compliance with playbooks, ensures obligations are tracked, flags deviations, increases visibility of contract data and provides alerts for expiries and renewals.

Artificial intelligence in contract lifecycle management

AI enhances every stage of the contract lifecycle. In intake, AI categorises requests and recommends templates. In drafting, it generates first drafts. In negotiation, it compares redlines and recommends clauses. In approvals, it identifies required approvers. In execution, it confirms completeness. In storage, it auto tags documents. In renewal, it identifies deadlines. In analysis, it surfaces trends and risks.

Why organisations choose AI powered CLM

AI powered CLM platforms support the entire business by improving visibility, consistency and speed across contracting. They reduce risk, accelerate growth and free legal teams to focus on high value work.

Plexus AI for modern contract management

Plexus AI brings together instant contract review, AI assisted drafting, automated workflow, advanced search, portfolio analytics, integrated eSignature, enterprise security and rapid onboarding. It is designed for in house legal teams needing to improve speed, reduce risk and scale support across the business.

Praesent ex risus, auctor id velit vel, accumsan tincidunt tellus. Proin lacinia sagittis nisi, vel dapibus tortor molestie in. Nunc venenatis sit amet nunc nec placerat. Morbi molestie in velit sit amet lobortis. Aenean ornare nisi vel nulla imperdiet, a pharetra justo vulputate. Fusce pharetra turpis non dui sollicitudin blandit. Proin suscipit massa nec ligula hendrerit eleifend ut bibendum elit.

Praesent ex risus, auctor id velit vel, accumsan tincidunt tellus. Proin lacinia sagittis nisi, vel dapibus tortor molestie in. Nunc venenatis sit amet nunc nec placerat. Morbi molestie in velit sit amet lobortis. Aenean ornare nisi vel nulla imperdiet, a pharetra justo vulputate. Fusce pharetra turpis non dui sollicitudin blandit. Proin suscipit massa nec ligula hendrerit eleifend ut bibendum elit.

Praesent ex risus, auctor id velit vel, accumsan tincidunt tellus. Proin lacinia sagittis nisi, vel dapibus tortor molestie in. Nunc venenatis sit amet nunc nec placerat. Morbi molestie in velit sit amet lobortis. Aenean ornare nisi vel nulla imperdiet, a pharetra justo vulputate. Fusce pharetra turpis non dui sollicitudin blandit. Proin suscipit massa nec ligula hendrerit eleifend ut bibendum elit.

Lorem ipsum dolor sit amet, consectetur adipiscing elit.

Donec tristique elementum euismod. Pellentesque cursus lorem augue, vel efficitur quam tempor in. Nam posuere id arcu ac tincidunt. Nam sit amet elit vitae eros tincidunt commodo ac ac eros.

Vivamus ullamcorper nibh sed lectus egestas, vitae rhoncus ante consectetur.

Nulla finibus velit enim, ut sodales est porta ac. In ac mauris aliquam, convallis ligula ac, pharetra lorem. Praesent aliquam in nulla vitae venenatis. Duis in quam at dui rhoncus cursus id eget ligula.

Vivamus ullamcorper nibh sed lectus egestas, vitae rhoncus ante consectetur.

Nulla finibus velit enim, ut sodales est porta ac. In ac mauris aliquam, convallis ligula ac, pharetra lorem. Praesent aliquam in nulla vitae venenatis. Duis in quam at dui rhoncus cursus id eget ligula.


img-sample-rt
Nulla finibus velit enim, ut sodales est porta ac. In ac mauris

Praesent ex risus, auctor id velit vel, accumsan tincidunt tellus. Proin lacinia sagittis nisi, vel dapibus tortor molestie in. Nunc venenatis sit amet nunc nec placerat. Morbi molestie in velit sit amet lobortis. Aenean ornare nisi vel nulla imperdiet, a pharetra justo vulputate. Fusce pharetra turpis non dui sollicitudin blandit. Proin suscipit massa nec ligula hendrerit eleifend ut bibendum elit.

Praesent ex risus, auctor id velit vel, accumsan tincidunt tellus. Proin lacinia sagittis nisi, vel dapibus tortor molestie in. Nunc venenatis sit amet nunc nec placerat. Morbi molestie in velit sit amet lobortis. Aenean ornare nisi vel nulla imperdiet, a pharetra justo vulputate. Fusce pharetra turpis non dui sollicitudin blandit. Proin suscipit massa nec ligula hendrerit eleifend ut bibendum elit.

Praesent ex risus, auctor id velit vel, accumsan tincidunt tellus. Proin lacinia sagittis nisi, vel dapibus tortor molestie in. Nunc venenatis sit amet nunc nec placerat. Morbi molestie in velit sit amet lobortis. Aenean ornare nisi vel nulla imperdiet, a pharetra justo vulputate. Fusce pharetra turpis non dui sollicitudin blandit. Proin suscipit massa nec ligula hendrerit eleifend ut bibendum elit.

Lorem ipsum dolor sit amet, consectetur adipiscing elit.

Donec tristique elementum euismod. Pellentesque cursus lorem augue, vel efficitur quam tempor in. Nam posuere id arcu ac tincidunt. Nam sit amet elit vitae eros tincidunt commodo ac ac eros.

Vivamus ullamcorper nibh sed lectus egestas, vitae rhoncus ante consectetur.

Nulla finibus velit enim, ut sodales est porta ac. In ac mauris aliquam, convallis ligula ac, pharetra lorem. Praesent aliquam in nulla vitae venenatis. Duis in quam at dui rhoncus cursus id eget ligula.

Vivamus ullamcorper nibh sed lectus egestas, vitae rhoncus ante consectetur.

Nulla finibus velit enim, ut sodales est porta ac. In ac mauris aliquam, convallis ligula ac, pharetra lorem. Praesent aliquam in nulla vitae venenatis. Duis in quam at dui rhoncus cursus id eget ligula.


img-sample-rt
Nulla finibus velit enim, ut sodales est porta ac. In ac mauris

Praesent ex risus, auctor id velit vel, accumsan tincidunt tellus. Proin lacinia sagittis nisi, vel dapibus tortor molestie in. Nunc venenatis sit amet nunc nec placerat. Morbi molestie in velit sit amet lobortis. Aenean ornare nisi vel nulla imperdiet, a pharetra justo vulputate. Fusce pharetra turpis non dui sollicitudin blandit. Proin suscipit massa nec ligula hendrerit eleifend ut bibendum elit.

Praesent ex risus, auctor id velit vel, accumsan tincidunt tellus. Proin lacinia sagittis nisi, vel dapibus tortor molestie in. Nunc venenatis sit amet nunc nec placerat. Morbi molestie in velit sit amet lobortis. Aenean ornare nisi vel nulla imperdiet, a pharetra justo vulputate. Fusce pharetra turpis non dui sollicitudin blandit. Proin suscipit massa nec ligula hendrerit eleifend ut bibendum elit.

Praesent ex risus, auctor id velit vel, accumsan tincidunt tellus. Proin lacinia sagittis nisi, vel dapibus tortor molestie in. Nunc venenatis sit amet nunc nec placerat. Morbi molestie in velit sit amet lobortis. Aenean ornare nisi vel nulla imperdiet, a pharetra justo vulputate. Fusce pharetra turpis non dui sollicitudin blandit. Proin suscipit massa nec ligula hendrerit eleifend ut bibendum elit.

Lorem ipsum dolor sit amet, consectetur adipiscing elit.

Donec tristique elementum euismod. Pellentesque cursus lorem augue, vel efficitur quam tempor in. Nam posuere id arcu ac tincidunt. Nam sit amet elit vitae eros tincidunt commodo ac ac eros.

Vivamus ullamcorper nibh sed lectus egestas, vitae rhoncus ante consectetur.

Nulla finibus velit enim, ut sodales est porta ac. In ac mauris aliquam, convallis ligula ac, pharetra lorem. Praesent aliquam in nulla vitae venenatis. Duis in quam at dui rhoncus cursus id eget ligula.

Vivamus ullamcorper nibh sed lectus egestas, vitae rhoncus ante consectetur.

Nulla finibus velit enim, ut sodales est porta ac. In ac mauris aliquam, convallis ligula ac, pharetra lorem. Praesent aliquam in nulla vitae venenatis. Duis in quam at dui rhoncus cursus id eget ligula.


img-sample-rt
Nulla finibus velit enim, ut sodales est porta ac. In ac mauris

Praesent ex risus, auctor id velit vel, accumsan tincidunt tellus. Proin lacinia sagittis nisi, vel dapibus tortor molestie in. Nunc venenatis sit amet nunc nec placerat. Morbi molestie in velit sit amet lobortis. Aenean ornare nisi vel nulla imperdiet, a pharetra justo vulputate. Fusce pharetra turpis non dui sollicitudin blandit. Proin suscipit massa nec ligula hendrerit eleifend ut bibendum elit.

Praesent ex risus, auctor id velit vel, accumsan tincidunt tellus. Proin lacinia sagittis nisi, vel dapibus tortor molestie in. Nunc venenatis sit amet nunc nec placerat. Morbi molestie in velit sit amet lobortis. Aenean ornare nisi vel nulla imperdiet, a pharetra justo vulputate. Fusce pharetra turpis non dui sollicitudin blandit. Proin suscipit massa nec ligula hendrerit eleifend ut bibendum elit.

Praesent ex risus, auctor id velit vel, accumsan tincidunt tellus. Proin lacinia sagittis nisi, vel dapibus tortor molestie in. Nunc venenatis sit amet nunc nec placerat. Morbi molestie in velit sit amet lobortis. Aenean ornare nisi vel nulla imperdiet, a pharetra justo vulputate. Fusce pharetra turpis non dui sollicitudin blandit. Proin suscipit massa nec ligula hendrerit eleifend ut bibendum elit.

Lorem ipsum dolor sit amet, consectetur adipiscing elit.

Donec tristique elementum euismod. Pellentesque cursus lorem augue, vel efficitur quam tempor in. Nam posuere id arcu ac tincidunt. Nam sit amet elit vitae eros tincidunt commodo ac ac eros.

Vivamus ullamcorper nibh sed lectus egestas, vitae rhoncus ante consectetur.

Nulla finibus velit enim, ut sodales est porta ac. In ac mauris aliquam, convallis ligula ac, pharetra lorem. Praesent aliquam in nulla vitae venenatis. Duis in quam at dui rhoncus cursus id eget ligula.

Vivamus ullamcorper nibh sed lectus egestas, vitae rhoncus ante consectetur.

Nulla finibus velit enim, ut sodales est porta ac. In ac mauris aliquam, convallis ligula ac, pharetra lorem. Praesent aliquam in nulla vitae venenatis. Duis in quam at dui rhoncus cursus id eget ligula.


img-sample-rt
Nulla finibus velit enim, ut sodales est porta ac. In ac mauris

Questions? We have answers.

Question text goes here

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s

Question text goes here

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s

Question text goes here

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s

Question text goes here

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s

Question text goes here

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s