Date: 27th October, Monday, 2025
Speakers:
- Brijesh Chedayan– CEO
- Kareena Parkar
- Sanjeev Gopal
- Samrudha VinodKumar
Introduction
The webinar “Enhancing Contract Lifecycle Management with Artificial Intelligence” highlighted how AI is redefining the way organizations create, manage, analyze, and optimize contracts. The session opened by addressing the major challenges in traditional contract lifecycle management—manual processes, delays, rising risks, and the significant loss of contract value due to inefficiencies.
The speakers explained how AI technologies such as Intelligent Data Extraction, Generative AI Drafting, Predictive Analytics, NLP, and RAG are transforming CLM into a faster, error-free, and strategically intelligent function. Participants also received an introduction to Beveron’s Smart Legal Contract software, designed to automate workflows and deliver measurable improvements across the full contract lifecycle.
Key Takeaways
AI eliminates inefficiencies:
Manual contract management leads to organizations losing an average 8.6% of contract value, but AI drastically cuts review time, improves accuracy, and ensures zero missed deadlines.
Next-gen AI technologies improve reliability:
Tools such as Retrieval Augmented Generation (RAG), Predictive Analytics, and NLP increase accuracy, prevent hallucinations, detect risks early, and support intelligent clause comparison.
Real-world impact is measurable:
- Companies adopting AI experience
- 70% faster contract review
- 100% deadline compliance
- Significant recovery of lost contract value
These improvements reshape legal teams into proactive, strategic partners.
Overcoming AI adoption barriers:
The speakers emphasized starting with pilot projects, addressing compliance requirements, and partnering with expert CLM providers to ensure a smooth transition.
Beveron Smart Legal Contract software is enterprise-ready
With AI-powered drafting, compliance alerts, advanced dashboards, and seamless integration, the platform supports both legal and business teams for faster, safer, and smarter contract operations.
Conclusion
The session concluded with a powerful message: AI is no longer optional in modern contract management—it is essential. Organizations that embrace AI-driven CLM will experience greater efficiency, reduced risks, improved accuracy, and strategic value creation across their contract portfolio.
The speakers encouraged participants to begin their AI transformation journey with Beveron Smart Legal Contract, a proven solution designed to future-proof contract operations and empower legal teams to operate with greater speed, precision, and confidence.
