Icertis ExploreAI Service

Bringing the power of generative AI to contract management, responsibly.

Unlocking Contract data with Artificial Intelligence

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.

Introducing Icertis ExploreAI Service

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.  

The new generative AI capabilities build on robust outcomes Icertis customers already experience with Icertis AI to accelerate the drafting, negotiating, and execution of commercial agreements; derive deep commercial, legal, operational insights from their contracts; and ensure the full intent of those agreements is realized in the real world. 

How it works

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. 

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Why it matters

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.

  • The C-suite

    The C-suite, including the Chief Legal Officer and Chief Financial Officer, gains enterprise insights into how the business is performing and where the next opportunity for growth lies. Comprehensive contract reporting and quick summarization of several contracts allow them to identify anomalies and risk pointing to “black swan” events before they happen. This protects billions in financial, operational and reputational damage.

  • Legal users

    Legal users can now eliminate manual effort in localizing contracts or translating global contracts; speed up the contract creation, review and negotiation cycles; and gain critical efficiencies. 

  • Sales

    Can accelerate negotiations and close deals faster while also ensuring appropriate clauses are included in their contracts—including inflation protection clauses—that protect them from external market and regulatory risks.

  • Procurement

    Procurement users can be assured the data that flows from the contracts into downstream systems are free of manual input errors, and  access  accurate  spend reporting, individual supplier spend data, etc. Further, they can track obligations listed in their contracts, identify every obligation clearly depending on the type of contract, and take appropriate action. They can also quickly search for contracts and the attributes contained, to track any data associated with contracts. 

Icertis Contract Intelligence Copilots

Accelerate your contracting with generative AI. Safely.

Icertis Contract Intelligence Copilots deliver a step-change in contract efficiency and insights by responsibly harnessing the transformational power of generative AI to turn commercial agreements into interactive assets to drive your business forward. ​

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Secure and responsible AI

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.

What the future holds and why the legacy data matters

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.

Next Steps

Explore the ICI Platform

DiscoverAI

Discover and Digitize All Legacy and Third-Party Contracts Automatically

DiscoverAI identifies contract attributes and clauses and semantically matches them directly to your contract type definitions and enterprise clause library in the platform. DiscoverAI seamlessly guides you through importing legacy and third-party contracts, managing clause deviations, and verifying attributes.

Explore DiscoverAI

NegotiateAI

Negotiate Better Outcomes with AI-Powered Insights

Optimize your contractual negotiations with NegotiateAI to easily analyze high volumes of contracts, understand their component terms and clauses, and find similar precedents from across your company’s entire contract repository.

Explore Icertis NegotiateAI

VisualizeAI

Gain Unprecedented Insights and Map Complex Relationships Across Your Contracts with AI

Make better decisions and minimize risks by identifying the relationships between common entities hidden in huge volumes of contract data. Shorten cycle times and increase execution speed by easily identifying and addressing contracting bottlenecks within the organization. Improve compliance and insure consistency in how contracts are written and approved across the entire organization.

Explore VisualizeAI