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When Contracts Finally Have Context, Everything Changes

June 3, 2026 Sundar Balasubramanian Senior Vice President, Product Management Ashwin Santanagopalan Senior Director, Product Marketing

Every enterprise runs on contracts. But for most, contracts operate without the context that would make them truly useful. The governance behind a deal, the decisions made during negotiation, the patterns that emerge across hundreds of agreements over time, this is where real contract intelligence lives. And for most organizations, it has been invisible.

The AI applied to contracts needs to reflect this. Clause extraction, risk flagging, and summary generation need to work on not just the language of a contract but also the context around it. They accelerate individual tasks, and the real opportunity is a connected one where every contract action is informed by the business context around it.

The real opportunity is a connected one. What if AI understood the full context of a contract: Not just its language, but its relationship to your business rules, prior agreements, current obligations, and the downstream systems that need to act on it? What if that context could power actions, not just answers? Drafts that enforce your standards. Redlines that score actual risk. Portfolio-wide queries answered in seconds.

That is the shift from AI-assisted contracting to AI-native Contract Intelligence: A unified platform where context, AI-driven actions, and human oversight work together to accelerate authoring and negotiation cycles, minimize risk exposure, and continuously optimize contract performance. That is what enterprises need as AI fundamentally resets expectations for what contracting tools can do.

At Connect 2026, Icertis answered that moment directly, unveiling a next-generation contracting experience powered by Vera, a complete contract AI that connects agreements, business data, and enterprise systems into a single outcomes-driven platform.

Built on the Vera Foundation for Enterprise Scale

Delivering that vision requires more than adding AI to contracts. It required reimagining the underlying platform itself. Contracts have always contained more intelligence than organizations could access. The context was there in every negotiation, every precedent, every clause that got pushed back on. What was missing was a system that could see it, connect it, and act on it at scale. That is why Icertis reimagined the platform from the ground up, rebuilding the foundation with a purpose-built data lake, knowledge graph, agentic platform, and multi-model gateway so every capability draws from the same shared intelligence. That's what changes now. And for the enterprises that move first, contracting won't just be faster. It will drive better decisions, stronger deals, and outcomes that compound over time.

True innovation is not about adding AI to point solutions. It’s about delivering all the AI an enterprise needs in a complete system that understands operational realities. Most approaches today apply AI to isolated steps. Icertis brings them together in a connected system that spans the full lifecycle, grounded in context that ties contracts to real-world execution.

Built on the Vera Foundation, three new products reimagine how enterprises engage, operate, and analyze contracts.

Reimagined Vera Copilot: Ask Anything, Act on Everything

The reimagined Vera Copilot is a context-aware AI assistant that works alongside users inside the Icertis platform. It is our agentic control plane built for our next-gen contracting experience.

  • Ask questions in plain language and get precise, business-informed answers drawn from your entire contract repository
  • Surfaces key terms, summarizes complex documents, and links directly to relevant contract language
  • Understands the intent behind every query, connects it to your business rules, and recommends next steps
  • Triggers agentic workflows for contract creation, review, or reconciliation without switching tools

This is not a search bar. It is an AI layer that already knows your contracts and the context.

Vera Engage: Agent-driven drafting, redlining, and playbook creation

Vera Engage reimagines contract authoring and negotiation through agent-driven intelligence, covering drafting, redlining, reviewing and playbook creation in one connected experience.

  • Converts natural language inputs into compliant first drafts in minutes, enforcing clause standards and organizational templates automatically.
  • Generates surgical, word-level redlines in Microsoft Word, benchmarked against your playbook, with a clear rationale for every change so reviewers stay in control.
  • Scores contractual risk with AI during negotiation, directing attention to clauses that actually matter and explaining deviations in plain language
  • Turns past negotiation precedents into reusable playbooks automatically, making institutional knowledge scalable across every contract and every team

For enterprises that have measured it, contract creation and negotiation has accelerated by more than 80 percent.

Vera Analytics Advanced: Enterprise AI for High-Impact Contract Decisions

Vera Analytics Advanced is built for the scale and complexity that large enterprise portfolios actually have, reaching beyond the CLM to contracts sitting on shared drives, legacy systems, and across business units.

  • Answers portfolio-wide questions across thousands of agreements with semantic search that understands meaning, not just keywords, and guided analysis that scopes exposure, ranks contracts by risk, and flags specific terms for action
  • Automatically establishes parent-child relationships across contract documents using the Portfolio Builder, placing new contracts into the right structure as they arrive without manual mapping
  • Converts plain-language intent into precise, reusable prompts through the prompt library, no technical expertise required
  • Surfaces risk hotspots, missed entitlements, and compliance gaps through interactive dashboards and heat maps

Contracts that were once static records become a live source of strategic intelligence.

From Context to Competitive Edge

Contracts touch every part of the enterprise, spanning revenue, risk, compliance, and supplier relationships, but for too long they have been managed rather than leveraged. The organizations that recognize this shift early will carry structural advantages into every deal they make. With Vera, Icertis delivers the context that makes that possible and the platform built to act on it.