Icertis ExploreAI Service

Contracts are an untapped wealth of unique enterprise data, defining a company’s relationships with customers, suppliers, partners, and employees. For more than a decade, Icertis has been unlocking the value hidden in contracts with the Icertis Contract Intelligence Platform, powered by its proprietary AI models, to deliver powerful outcomes for the world’s leading companies – we call it contract intelligence.

Now we are combining the power of large language AI models that are signature of generative AI and Icertis proprietary AI models to help customers derive insights from their contract data, enterprise data, and the Icertis Data Lake to deliver new, powerful, material business outcomes.

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. 

With Icertis ExploreAI Service, we are infusing the Icertis platform with generative, assistive, natural language capabilities in a secure, responsible way, so customers and partners can also build ICI Copilots on the ExploreAI Service to improve contracting efficiency exponentially through natural language and summarization; analyzes millions of contracts quickly to uncover contextual insights; and help realize the full intent of every aspect of your valuable commercial agreements. 

World Commerce & Contracting reports that, on average, 25% of a company’s workforce interacts with contracts. Icertis Contract Intelligence Copilots, built on ExploreAI Service, makes everyone that interacts with contracts more productive by giving them an always-on intelligent partner to show the way toward more revenue, bigger savings, and less risk.

ExploreAI by Icertis is built on Microsoft Azure Open AI, which offers a comprehensive approach to security, and privacy, and ensures your company’s valuable security, compliance, and privacy policies and processes remain intact. Icertis is committed to making sure AI systems are developed responsibly, that they work as intended, and are used in ways that people can trust.  Read more about the Icertis Ethical AI Policy.

Icertis launched the first set of AI applications in 2018, and customers are already reaping strong value from those investments. The recent evolution of Generative AI capabilities helps to accelerate the Contract Intelligence journey with enhancements, new capabilities and applications added to the ICI platform.

As AI technology rapidly evolves, Icertis powered by ExploreAI, and supported by a strong ecosystem of partners, will focus on connecting your contracts to your enterprise systems to autonomize the end-to-end business processes. For example, in procurement, the intent of sourcing projects can be captured from live discussions, and automatically trigger the RFP creation process, which subsequently triggers the contract execution process in ICI.

ExploreAI also paves the way to leverage critical benchmarks in contracting by analyzing data from the Icertis Data Lake, within each cohort or industry, and combine them with your own organization’s data to track and compare simple metrics such as time taken for approval or average spend by contract type to the more complex metrics of supplier diversity or tracking ESG goals.