The end of the year is when the big decisions get made. Budgets for 2027 are being finalised, renewals are coming up, and new regulations are moving from “later” to “now”. You’ve prepared for 2027, but have your contracts made other plans?
To help you get ready, we’ve put together a prompt guide. It makes preparing your organisation for the new year much easier: ready-to-use questions that show you, in minutes, which contracts renew, which ones carry risk, and how much of your 2027 budget is already committed.
Why AI in contract management matters
Contracts hold some of your organisation’s most valuable data, and they’re also some of the hardest to use. They’re scattered across departments and formats, and they’re full of clauses that only matter on one specific date. Because every team manages its own contracts, nobody has the full picture.
AI changes that. Instead of searching clause by clause, you ask a question in plain language and get an answer based on your own contracts in seconds. You can ask about the total value of contracts renewing in Q1, supplier contracts without a data processing agreement, or price indexations that take effect in January.
The result: less time searching, fewer surprises and better decisions, made on time.
See what AI can do for your contracts ➡️ Get the full prompt list
The catch: AI is only as good as your question
The sharper the question, the sharper the answer.. “Show me my risky contracts” is a start, but “Which contracts have unlimited liability or a liability cap below the contract value?” gives you something you can act on.
And most teams don’t know where to start. Legal, finance and procurement each have their own priorities, and the end of the year leaves little room to experiment. That’s why we’ve put together ready-to-use prompts for the teams that need them most in the run-up to 2027.
1. For Finance: Know what 2027 will really cost you
You’re in the middle of the 2027 budget round. You want to know how much is already committed in running contracts, and where unexpected costs could still come from: automatic renewals, missed notice periods or indexations nobody budgeted for.
Questions to ask:
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What is our total contractually committed cost per quarter in 2027?
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Which contracts auto-renew in Q1 2027, and what is the total value at stake?
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Which contract costs for 2027 are not yet included in our budget or forecast?
With these answers, your 2027 budget starts from facts instead of estimates, and you know where you still have room to act.
Want the full set of budget questions for 2027? ➡️ Get the full prompt list
2. For Legal: Know where your risk sits before it surfaces
Renewals, liability clauses and new regulations don’t wait for the new year. You want to know which agreements expose your organisation, without reading every one of them again.
Questions to ask:
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Which contracts auto-renew in Q1 2027, and what are their notice deadlines?
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Which supplier contracts involve personal data but have no data processing agreement?
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Which contracts have unlimited liability or a liability cap below the contract value?
With these answers, you move from reacting to risks to managing them, and you can show the rest of the organisation exactly where legal attention is needed.
More questions that put your contract risk on the table in seconds ➡️ Get the full prompt list
3. For Procurement: Decide where to renegotiate first
Renewal season is negotiation season. You want to know where you have leverage and which suppliers deserve a closer look before you commit for another year.
Questions to ask:
- Which supplier contracts expire or renew in the first half of 2027?
- Which contracts include price indexation, and what increase can we expect?
- Which suppliers do we have multiple overlapping contracts with?
With these answers, you go into every negotiation prepared and you spend your time on the suppliers that matter most.
Go into every 2027 negotiation prepared ➡️ Get the full prompt list
Meet Ada, Contractify's AI Contract AssistantAda is built into the Contractify platform and works with your full contract library and data. When you upload a contract, Ada reads it and pulls out key data automatically, like parties, dates, notice periods and contract value, which makes registration four to five times faster. After that, you can ask her anything about your contracts, the way you'd ask a colleague. For example:
Ada can look for answers in your full contract portfolio, give you a clear answer and show you the source of the answer, so you can always check if it's correct. See what Ada knows about your contracts ➡️ Book a demo |
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Do you know what your contracts have in store for 2027?
Our full guide includes more than 25+ ready-to-use prompts for finance, legal and procurement teams, so you can start 2027 in control of every contract in your company.
⬇️ Get your free prompt list below
