In today’s fast-paced business environment, organizations must create and evaluate large volumes of contracts with ever-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:
Built on the Icertis Contract Intelligence (ICI) platform, the ICI NegotiateAI app 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. You can also quickly create clause deviations to ensure compliance and improve business velocity.
The app works as a plug-in for Microsoft Word to seamlessly surface these insights right within the familiar user experience that professionals already know and use every day.
Instantly breaks down any contract into its component clauses and attributes for fast analysis.
Quickly analyzes third-party contracts that do not match standard templates using ICI AI technology.
for each discovered contract element, enabling users to quickly confirm or replace data as needed.
Leverages AI to quickly find all similar clauses and contracts from across a company’s entire contract repository.
terms based on best practices from similar contracts or from past deals negotiated with the same counterparty.
clauses can be routed to the right people for review and approval.
Surfaces these powerful tools as a plug-in directly within Microsoft Word, and allows users to open any related contracts from the ICI platform with just one click.
to any clause or attribute, allowing users to quickly review even very lengthy documents.
with easy-to-understand redlined differences, reducing the time required for manual review.
Standardize, streamline, and automate every contract – everywhere
Transforming contracts into structured, connected, and on-demand data is just the beginning. Discover the power of intelligent contract creation, automation, and insights to realize the full intent and maximize the value of every contract, clause, and obligation across the enterprise.
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.