ES Chakravarthy reveals digital contract trends revolutionizing your agreement processes Former vice president and global leader of the RMG of the TCS, Dr. ES Chakravarthy has pointed out that the trend of digital contracts is changing the traditional arrangement process in any industry. His observations demonstrate that current organizations are now in a position to handle contracts much quicker, more securely and are able to do it much smarter than before. How Digital Contracts Are Changing the Game? Digital contracts are now not merely PDFs, with e-signatures on them; it is becoming smart, networked resources that business relies on to make it agile. Other companies are no longer engaging in the slow manual process of creating, routing and storing contracts, but through the use of contract lifecycle management (CLM) platforms, they are automating the process and making contracts, negotiating them, approving them and renewing them. This transition decreases the cycle times by 30-50% and the administration costs by far as well as enhancing compliance and audit readiness. AI and Smart Contracts: The New Core One of the significant trends is the incorporation of AI into the contract work process. Generative AI is able to write standard contracts, summarize large documents, draw attention to important points and even propose better conditions, based on historical data and risk profiles. In parallel, self-executing contracts written on blockchain are facilitating automatic enforcement of the terms, lowering the number of disputes and the necessity to have mediators. These technologies enable contracts to shift to dynamic data-driven tools capable of activating actions (such as payments or renewals) when specific conditions are satisfied (particularly in the procurement, supply chain and real estate domains). Embedded and Integrated Agreement Experiences Modern digital contracting solutions are no longer independent tools but are built directly into current systems that teams already use- CRM, ERP and collaboration tools. It implies that the sales, procurement, and legal departments will be able to create, review, and sign contracts without using multiple applications, which will keep the workflows coherent and minimize friction. Integration is also possible to perform real-time risk identification and predictive analytics, including identifying non-compliant clauses, predicting renewal, and identifying optimization opportunities within the portfolio of contracts. Security, Compliance, and Global Readiness Due to increased cyber threats and the constantly changing rules and regulations, the digital contracts are now based on high-grade encryption, multi-factor authentication, and thorough audit records to provide integrity and trust. Simultaneously, the international legal systems are unifying the e-signatures and electronic records, and cross-border contracts are becoming easier and more enforceable According to new changes made by D r. 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