What parts of contract management can be automated and what role does data-driven decision making play? Where do blockchain and smart contract technology fit into all of this?

In this edition of the UpTech Report, host Alexander Ferguson meets with the co-founders of the AI-powered digital contract management platform, Revnue, to discuss contract automation tools and where this is all going. Sunny Sharma, CEO, and John Cortez, COO, explain how contract management has typically been a highly fragmented space with dozens of different interacting parties.

“About $28 billion worth of trade was done last year in 2021, and if you look at trade, all that was done by contracts. On an average, organizations lose about 9% of their revenue due to inefficient contract management,” explains Sharma.

However, Revnue’s contract management software aims to change that, allowing companies to automate and unify numerous business processes related to contract management. Plus, they take it to the next level with their contract analytics, advanced reporting, and other tools related to contract management.