Juro CEO Richard Mabey believes that sales and finance departments can also play a significant role in contract management. GenAI can automate contract administration work, reducing the workload of lawyers on low-value tasks, and allowing the sales team to handle contract negotiation, which is likely to speed up the process, increasing the company’s revenue. By automating contract management, companies may not need to hire as many lawyers, and a more GenAI-automated approach may be shown to work with business teams.
Source: Artificial Lawyer
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