Leverage AI-powered insights to optimize contract negotiation, reduce risk, and negotiate better outcomes with the ICM NegotiateAI app.

Challenges with Traditional Contract Negotiation Process:

In today’s fast-paced business environment, organizations must create and evaluate large volumes of contracts with every-increasing frequency. Without sufficient intelligence about the terms and parties represented in these contracts, it can be very difficult for companies to avoid risks, maintain compliance, and ultimately get to the best possible negotiated outcomes.

Traditional contract creation, review, and negotiation techniques can create a number of challenges:

  • Manual review of high volumes of lengthy contracts is labor intensive and time consuming
  • Businesses risk unknowingly repeating mistakes from previous contract negotiations
  • Third-party contracts can be especially challenging to effectively review due to unfamiliar terms and clauses
  • Different employees may be unknowingly negotiating similar contracts with the same counterparties
  • Companies may fail to comply with corporate standards if they accept third-party contract terms

Benefits of the ICM NegotiateAI app:

The ICM NegotiateAI app gives businesses the AI-powered insights they need to optimize their contractual negotiations. This enables businesses to:

  • Consistently negotiate the best possible terms and outcomes
  • Reduce time spent manually authoring and reviewing lengthy contracts
  • Avoid repeating mistakes due to reusing language from suboptimal contracts
  • Insure compliance, even for third-party contracts
  • Benefit from contract best practices across the organization
  • Speed up the negotiation process by providing the right insights at the right time