Contract Lifecycle Management stories

Conga buys PROS’ B2B software unit, fusing AI-driven pricing with quoting and contract tools for over 10,000 enterprise customers.

Lander & Rogers opens applications for its 2026 LawTech Hub, a six‑month, equity‑free accelerator for AI and legal tech startups worldwide.

Litera launches a hybrid AI upgrade for its Kira contract tool, promising 90%+ accuracy and new generative features planned for 2026.

Summize raises USD $50m to accelerate its AI-powered contract platform, targeting rapid expansion across the UK and US legal markets.

Luminance launches AI platform to capture contract memory and combat ‘enterprise amnesia’, promising 90% faster negotiations.

Agiloft says over half its customers now license AI tools as Screens usage surges, with AI users up 250% and app activity rising 12-fold.

SEK turns to Scanmarket by Unit4 to centralise procurement data, tighten supplier compliance and cut risk in its regulated operations.

AI contract software startup Ivo secures USD $55 million Series B to speed contract review, as revenue surges 500% and UK expansion looms.

Heavily regulated sectors and in-house legal teams are set to spearhead enterprise AI in 2026, turning compliance into a competitive edge.

Agiloft launches AI-powered obligation manager to turn contract clauses into trackable data and cut revenue lost to missed commitments.

Inefficient contract drafting is costing UK businesses an estimated GBP £12.2bn a year, dragging on productivity across key sectors.

UK firms most confident on EU AI Act readiness yet report more fines and contract turmoil than German and French rivals, study finds.

Conversational AI agents are poised to become lawyers’ primary interface to knowledge, automating complex workflows while humans oversee quality.

Inefficient contract management costs the global economy AUD $3.13 trillion annually, hindering productivity despite advances in digital tools and AI adoption.

Ivo unveils AI tools Repository and Assistant, transforming contract analysis with instant insights and up to 75% faster review for over 200 legal teams.

ORO Labs has launched new AI tools, including a no-code Agent Builder, to boost secure automation and cut compliance times in procurement workflows.

Icertis teams up with SAP to launch SAP Ariba Contract Intelligence, embedding AI contract insights into SAP for smarter business decisions.

BillingPlatform tops MGI Research’s Agile Billing report, rated highest among 50 vendors for its enterprise-grade, agile billing solutions.

Law Squared has launched Cubed, a Microsoft 365-native legal tech platform streamlining in-house legal operations with rapid deployment and a flat annual fee.

AI legal tech firm Ivo has successfully secured USD $16 million in Series A funding, aiming to expand its AI-powered contract review platform.