Gen AI in contract analysis and negotiation enhances the procurement process by reviewing past contracts, market trends, and supplier data to identify opportunities for better terms, optimize contract conditions, and ensure regulatory compliance. By integrating with procurement and legal databases, these AI-powered contract analysis tools improve efficiency, reduce risks, and strengthen procurement strategies. This approach not only identifies negotiation opportunities based on historical contract data but also optimizes contract terms for better pricing and risk mitigation, ensuring that businesses can negotiate more effectively and maintain compliance with procurement regulations.