Meet AI in Contract Lifecycle Management

Artificial intelligence (AI) comes in many different forms (for a complete history of AI in procurement, check out our recently published autoaugmentation series) and despite being a consistent “hot topic” for well over a decade now, continues to grow and evolve each year in the procurement industry.

This article explores the current state of AI in the CLM market, including a capabilities overview, a high-level market overview and an introduction to the emerging field of GenAI in CLM.

The high-level market overview uses data from a recent Spend Matters vendor survey. The respondents of the survey can be found below:

List of all providers that answered our survey:

Acquire Insights, Agiloft, Airbase, apexanalytix, Archlet AG, Arkestro, askLio, Basware, CategoryAI Inc., Certa, Corcentric, Coupa, Creactives SpA, Deployed, ebidtopay, Evisort, Inc., Fairmarkit, Forestreet, GEP, Globality, Interos, Ivalua, LevaData, Malbek, Market Dojo, Mithra Ai Solutions, Opstream, Oracle, ORO Labs, Photon Commerce, Prevalent, Inc., ProcureVue, Requis Inc, Rosslyn, SAP, Sievo, Simfoni, Sirion, SpendHQ, Spendkey Limited, Spendscape by McKinsey, Suplari, Tradeshift, Vroozi, Yooz, Zapro AI

List of all providers that provided inputs on AI in CLM:

Agiloft, CategoryAI Inc., Coupa, Deployed, ebidtopay, Evisort, Forestreet, GEP, Ivalua, Malbek, Photon Commerce, Prevalent, Inc., Requis Inc, SAP, Sirion, Spendkey Limited, Suplari, Zapro AI