Artificial intelligence (AI) and automation enable legal professionals and their inter-departmental colleagues to access historical and predictive insights about contracts. CLM systems, which are embedded with AI, can help them identify in real-time any agreement that is in jeopardy of non-renewal. With such software, legal professionals can better assess the business risk of entering into new contracts with suppliers, customers, and potential partners based on their relationship history. Traditionally, companies had to cross-reference data from multiple systems to understand the health of their short and long-term business contracts, and forecast the business opportunities that lay ahead. Equally importantly, this integration of AI-powered predictive insights and classification systems provides legal professionals and line–of–business executives with reliable data which can help augment their business decisions.