Contract Lifecycle Management Software for the IT Industry
The Information Technology (IT) service industry is one of the fastest growing industries in the Digital age. As digitization makes life simpler and gathers more and more sway over private data, the IT industry faces stringent compliance requirements to prevent privacy and data breaches and cyber-security violations.
Lack of visibility into Service Level Agreements (SLAs) that often drives poor customer service, is no more acceptable, especially with rising competition and reduced barriers to entry. Internet of Things (IoT) has further enhanced the need to monitor newest security threats and keep up with the new compliance requirements.
In such a scenario, leading finance and legal heads of the information technology industry are looking for state of the art contract management operations automation via Artificial Intelligence (AI) based solutions.