Your Procurement AI Is Underdelivering: The Contract Data Gap and How to Close It

Procurement teams are investing heavily in AI across sourcing, spend analytics, and contract management. Still, many are falling short of the outcomes they expected. The problem is rarely the technology. It’s the contract data foundation underneath it.

AI is only as good as the data it runs on. Contracts hold the answers procurement AI depends on, like pricing, obligations, terms, renewal dates and risk exposure. But when that data is incomplete, inconsistent, or scattered across systems, even the most advanced AI can’t deliver reliable insights, recommendations, or outcomes.

In this on-demand session, experts from Covestro, Deloitte, and Sirion give procurement leaders a clear framework for understanding where their contract data foundation may be falling short, and what it takes to close those gaps, brought to life through Covestro’s own transformation journey.

What you’ll learn

• Repository vs. system of record: The critical difference between the two, and why it matters for AI performance
• A practical assessment framework: The smartest way to know exactly where your current contract data setup falls short
• Real-world transformation lessons: How Covestro made contract management part of its broader procurement transformation, and the governance and adoption lessons it and Deloitte learned along the way
• What closing the gaps looks like in practice: The impact it can have on your broader AI and procurement strategy

Who should watch?

CPOs, procurement and sourcing leaders, contract management and legal operations teams, and anyone responsible for making AI investments deliver in procurement.