CONTRACT LIFECYCLE MANAGEMENT (CLM)
Zoho Contracts 2.0 Brings AI-Powered Contract Management to Market
Zoho has launched Contracts 2.0, introducing ChatGPT integration for contract lifecycle management alongside expanded CRM connectivity and mobile applications. The update addresses fragmented contract
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Zoho has launched Contracts 2.0, introducing ChatGPT integration for contract lifecycle management alongside expanded CRM connectivity and mobile applications. The update addresses fragmented contract processes that force businesses to juggle multiple platforms from Word documents to signature software, while introducing AI-powered clause generation, risk assessment, and obligation tracking. Starting at $25 per user monthly, the platform targets organizations seeking unified contract management with intelligent automation capabilities.
ChatGPT Powers Contract Intelligence
The standout feature centers on built-in ChatGPT integration that fundamentally changes how contracts are developed and managed. This AI implementation handles eight specific functions: generating custom contract templates with suggested clause language, localizing contracts through regional language translation, identifying and tracking contractual obligations, summarizing complex legal documents in accessible language, detecting missing clauses, highlighting potential business risks, extracting key metadata, and reviewing contract modifications for compliance issues.
This integration directly tackles the traditional bottleneck where legal teams spend excessive time on routine contract drafting and review tasks. The AI-suggested clauses and risk identification features accelerate contract creation while maintaining legal accuracy—a critical balance for enterprise operations.
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Sources
- 1Upgrade your contract lifecycle management with Zoho Contracts 2.0!https://www.zoho.com/blog/contracts/announcing-zoho-contracts-2-0.html
- 2Highlights from Contracts 2.0https://www.zoho.com/contracts/launch/contracts-v2.html
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