In the podcast episode 'Adventures in Tech,' host Jared Correia and Kristen Riviello from CobbleStone Software discuss the importance of contract lifecycle management and how contract automation can mitigate the risks of missing deadlines in legal work. Riviello highlights key steps in the management process, the benefits of utilizing generative AI for analysis, and the transformative potential of comprehensive systems that can handle vast amounts of contract data to aid lawyers in making informed decisions and managing risks effectively.
"Contract automation software can significantly reduce the risk of missing critical deadlines by providing reminders and streamlining the management process for lawyers," explains Riviello.
"Contract lifecycle management involves several key steps that lawyers must master to ensure compliance and efficiency in their operations," notes Riviello.
"The introduction of generative AI into contract management allows for more nuanced analyses and improved data handling, which is essential for law firms," states Riviello.
"With a comprehensive system in place, the potential for lawyers to leverage vast amounts of contract data leads to informed decisions and better risk management," emphasizes Riviello.
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