Interactive Insights Copilot
Drive success with fast, intuitive contract summaries and analysis
The Icertis Interactive Insights Copilot, powered by the Icertis ExploreAI Service, delivers instant analysis and summarization of one contract or batch of contracts, so organizations can run their business from a position of strength.
The Challenge
Contract insights discovery is cumbersome
To manage the speed and complexity of today’s business environment, organizations need deep business insights at their fingertips to support decisions that drive success. Contracts contain critical, unique information found nowhere else in the enterprise, yet contract data has historically remained locked in dense legal language that is difficult to quickly review and understand. This destroys value via missed opportunities at the negotiation table and missed obligations throughout the business relationship.
The Solution
Icertis Interactive Insights Copilot
The ICI Interactive Insights Copilot delivers summaries and analyses superior to other large language models because it combines the best-in-class performance and security of Microsoft Azure OpenAI with Icertis’ own proprietary AI trained on millions of contracts to identify 32 unique contract attributes, as well as the Icertis Contract Data Lake with more than 2 billion contract metadata and transactional elements.
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Analysis and Summarization
Get an automatic summary of lengthy contracts and their amendments in an easily consumable format for an easier review or to share with others
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Legal review process acceleration
Speed up contract reviews and exploration through configurable, out-of-the-box insights; analyze contracts in bulk and generate Excel reports at scheduled frequency; and deploy the solution quickly with no need to pre-train the model
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360° Data Coverage
Benefit from insights generated from four sources: the contract, its amendments, and related documents; Icertis’ representation of contract object; your organization’s contract repository; and finally the Icertis Data Lake
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Pre-built conversational assets
Derive insights which are configurable by contract types through pre-packed hierarchical questionnaires. Refer to relevant sections to query response in contract, associated documents and amendments.
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Persona led experience
Have an integrated conversational experience with persona based pre-defined questions to help navigate effectively. Perform contextual dialogue with contracts, like a human would. Initiate Icertis workflow actions like send for approval, approve, and reject
The Benefits
Improved contracting effectiveness with actionable insights
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.
Frequently Asked Questions
AI copilots are advanced artificial intelligence (AI) systems designed to assist or augment human capabilities in various tasks and activities—providing support, suggestions, and completing various tasks.
In the context of contract management, it is an AI system designed to assist professionals working in contract lifecycle management, helping them manage contracts more efficiently and effectively. Copilots help with contract reviews, analyses, risk assessment, workflow automation, contract negotiations, and more.
Specific copilot features and capabilities might vary with the software provider.
The Icertis Interactive Insights Copilot is an interactive AI application built on the Icertis ExploreAI Service, which enables contract managers, business users, and executives alike to easily interact with contracts via pre-defined, persona-based hierarchical prompts and free-form prompts. AI prompts generate summaries, highlight key provisions and relevant insights, and identify related agreements. The Icertis Interactive Insights Copilot intelligently parses data from the contract document as well as other contracts in a company’s contract repository, the integrated business systems, and the Icertis Data Lake.
Yes. Users can get instant contract summaries through the Icertis Interactive Insights Copilot, an AI application built on our ExploreAI platform. Use it to summarize contracts automatically in an easily consumable format; this helps in more straightforward contract reviews or when sharing with others. Configure the copilot out-of-the-box and use natural and contextual dialogue to interact with your contracts.
Request a demo with an Icertis Specialist to see it in action.
Yes. A natural language conversational interface is central to the Icertis Interactive Insights Copilot. It enables reviewers to converse with their contracts in natural language. Users can use this interface to check for specific clauses such as indemnity, liability, termination, etc., or request alternative clauses be generated based on organizational guardrails and playbooks.
The Interactive Insights Copilot allows users to query their contracts in ways that surface key insights which speed up the contract review process.Examples include:
- What is the duration of the contract?
- What is the total program cost?
- Do we have any other contracts with the same counterparty?
- Whose approvals are needed for this contract?
- How can I fast-forward my approvals?
- What is the average cycle time for SOWs in my organization?
And more. Questions can also be pre-configured based on the contract type, user role, and other criteria specific to your business. Request a demo with an Icertis Specialist to learn more.
Yes. Security is the key reason why we developed our AI technology on Microsoft Azure OpenAI, and not directly with OpenAI; it guarantees use of the data security and protection layer Azure provides. Icertis is a native Microsoft Azure solution, ensuring seamless compatibility, better performance, and user experience.
This means that the data used in the generative AI context remains in our subscription. Microsoft guarantees that data does not leave Azure and is never used for training the underlying foundation models.
More importantly, we do not fine-tune AI (GPT) models. We use the GPT model out-of-the-box, focusing efforts on our proprietary technology.
To reiterate, data never goes out of our subscription, and Microsoft guarantees that the data used in conversational AI is also never used for the underlying training of their models.
See the Copilots in action by requesting a demo today.