WEBINAR: Turbocharging Legal Contract Transformation in the Age of Generative AI

Icertis AI Applications & Services

Bring Static Contracts to Life with Artificial Intelligence

Contracts are the foundation of commerce, and for the first time in history, they are being digitized. Applying Artificial Intelligence (AI) to this new pool of digitized data transforms contracts from static documents into live contracts which can interact with humans, surrounding systems, and ultimately even other contracts. Icertis AI apps enable companies to solve previously intractable enterprise contract management challenges uniquely suited to an AI-powered solution.

Power Strategic Decision Making with AI Applications

  • ExploreAI

    Icertis ExploreAI Service enables enterprises to safely leverage the power of generative AI to bring a new level of efficiency to contracting that will turbocharge your business. Icertis ExploreAI Service combines the power of large language AI models and Icertis proprietary AI models to derive insights from your contract data, your enterprise data, and the Icertis Data Lake to deliver powerful, material business outcomes not possible before. 

  • NegotiateAI

    NegotiateAI gives businesses the AI-powered insights they need to optimize their contractual negotiations. With the help of this app, you can easily analyze high volumes of contracts, understand their component terms and clauses, and find similar precedents from across your company’s entire contract repository. The app works with Microsoft Word to seamlessly surface these insights within the familiar Office user experience.

  • AI Studio

    AI Studio is a self-serve and self-learning cognitive tool that empowers users to analyze multiple sets of contract documents on the go and to generate actionable analytics for real-time decisions and actions. AI-Studio leverages powerful AI models that can be customized to progressively build the analysis over repeated runs- all independent of any data scientist involvement.

Featured Testimonial

​“We chose Icertis because ICI delivers value well beyond traditional CLM. For us, the integration into our SAP system, as well as robust AI capabilities, are of great importance because they make our contract management much more productive.”
Jonas Woern
Finance Director
EMAG
EMAG offers cnc metalworking machines from turning to grinding with a machine tool solution for every application.

The Icertis Approach to Artificial Intelligence

To unleash the transformative power of AI into contract management, Icertis is leveraging the unmatched quantity, quality, and variety of data in the Icertis Contract Intelligence platform today:

  • 10 million contracts and related artifacts
  • 40+ languages from 90+ countries
  • 25+ industry verticals

This data represents thousands of contract types and templates and a unique taxonomy curated from hundreds of thousands of clauses – all mapped to customers’ distinctive semantic structures within the ICI platform.

With Artificial Intelligence, Icertis enables users to address previously intractable contract challenges. This includes digitizing legacy contracts and importing third-party contracts at scale, analyzing past negotiation history to gain insights for improvement, and deep data visualization capabilities that provide unprecedented visibility into contract relationships and performance.

Benefits of AI-powered Contract Management

The Icertis AI applications offer intelligent clause identification, accurate attribute extraction, and a powerful data validation interface–all mapped to semantic definitions within the ICI platform. This enables companies to:​

  • Reduce cycle time and eliminate errors by automating key aspects of the contract review process.​
  • Process third-party contracts faster while reducing risk and improving contract performance.
  • Consistently negotiate the best possible terms and outcomes with a given counterparty.​
  • Ensure compliance with all required terms and clauses, even for third-party contracts.​
  • Make better decisions by identifying the relationships between common entities hidden in contract data.

Icertis Ethical AI Policy

Advances in Artificial Intelligence (AI) enable us to discover actionable insights that directly translate into business value for our clients. We pride ourselves on our industry-leading AI capabilities and remain keenly aware of the increased responsibility and care that needs to be exercised to ensure that our use of data is ethical and responsible. Driven by the CTO’s Office, our approach is guided by the following core principles :

  • Strive for AI models and systems that are fair
  • Strive for AI models that are transparent and amenable to human inspection and interrogation
  • Develop a model for lifecycle management of data
  • Follow an opt-in model and ensure that the use of opted-in data respects privacy

The CTO’s office at Icertis continually evaluates ongoing and new initiatives against these principles and takes steps to increase adherence to our core principles.

Read more about the Icertis Ethical AI Policy

Industry experts agree

Icertis is the #1 CLM Vendor

Industry experts agree. In a recent report, MGI Research said, "Icertis achieved the highest total MGI 360 Rating™️ in CLM and demonstrates the greatest ability to handle highly complex and high-volume use cases.

Gartner-logo

Icertis has been named a Leader in the latest Gartner® Magic Quadrant™ for Contract Life Cycle Management. This is the third consecutive Gartner® Magic Quadrant™ to recognize Icertis as a Leader in the category.

Icertis received the highest 360-degree rating from MGI Research in the firm’s Contract Lifecycle Management (CLM) Buyer’s Guide, earning the top position among CLM vendors and No. 1 for mega companies.

spend-matter-logo

Icertis is proud to once again be SolutionMap Validated by Spend Matters. See why Icertis is considered above the industry benchmark on Contract Information Management, CLM Integrations, Specialty CLM Analytics, and more.