Discover Copilot
Discover and Digitize All Legacy and Third-Party Contracts Automatically
The Icertis Discover Copilot seamlessly guides you through importing third-party contracts, managing clause deviations, and verifying attributes. With generative AI-powered insights, you have better visibility into all components in the contract, reducing risk and increasing compliance.
The Challenge
Managing contracts manually
Legacy and ongoing contracts often form the foundation of critical business relationships. These contracts typically remain outside the enterprise data pool, leaving revenue and risk hidden from view. This leaves businesses with several common challenges when it comes to ensuring that these legacy and third-party contracts surface their data.
Common challenges with legacy and third-party contracts include:
- Digitizing and then manually reviewing these contracts without the benefit of automation is labor-intensive and requires significant time to confirm the structure of each contract.
- Third-party contract clauses cannot be easily compared to standard clauses, and extracting contract attributes with the correct semantic meaning is extremely difficult.
- Important clauses cannot be tracked for deviations when they are redlined during negotiations, introducing the risk that critical changes could be overlooked.
- Structured data in contracts like pricing, discounts and commissions, part descriptions and quantities, and SLAs appear as tables in contracts; this data is important, but very hard to extract manually
The Solution
Icertis Discover Copilot
Built on the Icertis Contract Intelligence platform leveraging Icertis Explore AI Service, the Icertis Discover Copilot combines Azure OpenAI and Icertis’ proprietary AI to quickly and efficiently discover contract attributes and clauses in legacy and third-party contracts and surface them in the Icertis platform. By matching contract language in these contracts to library clauses, it can provide a more complete picture of how a contract compares to a company’s standard terms.
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Image/PDF Conversion
Automatically convert images, tabular data and a variety of PDF documents into text using advanced optical character recognition (OCR) capabilities.
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Gen-AI Powered Clause, Attribute Discovery
Quickly discover attributes, clauses and identify risky attributes in a contract to enable the calculation of agreement risk scores.
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Clause Matching, Comparison, Deviation Tracking
Accurately match discovered contract clauses to your own taxonomy, swiftly compare with closest match in clause library, track deviations from accepted language.
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Risk Identification
Identify risky attributes or clauses in a contract to enable the calculation of agreement risk scores.
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Bulk Contract Actions
Initiate bulk actions on large-scale batches of contracts as needed for regulatory changes and amendments.
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In-built Table Discovery
Extract structured data from tables to associations to help in pricing negotiations, discounting, integration with downstream systems.
40%
Reduction in contract turnaround time
100%
Visibility into all customer obligations
50%
Reduction in contract administration costs
The Benefits
Faster, comprehensive contract reviews
Next Steps
Explore Icertis Contract Intelligence
Icertis Copilots
Accelerate your business with generative AI. Safely.
Icertis 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.
Icertis ExploreAI
Bringing the power of generative AI to enterprise contracting, responsibly
Icertis ExploreAI is your next-gen AI-powered Contract Intelligence Partner, with generative, assistive, natural language capabilities that enable even greater customer value from unstructured and structured contract data, connected across the enterprise.
Icertis Contract Intelligence
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.