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Description
Exigent, a leading provider of outsourced legal and technology services, has unveiled a revolutionary service that enables legal departments to utilize machine learning for efficient discovery and processing of contract and policy data. This innovative offering combines technology, analytics, and skilled human resources, enabling organizations at any stage of contract management maturity to begin organizing, analyzing, and extracting value from their contract portfolios. Collaborating with Chicago's LexPredict, this new service enhances Exigent’s existing Chameleon™ contract management solution by introducing flexible data extraction and identification capabilities. Supported by a team of lawyers and analysts proficient in machine learning and natural language processing, this service presents a scalable and modular approach that eliminates the necessity for extensive IT projects or the hiring of external consultants. As a result, organizations can quickly implement this solution to streamline their contract management processes.
Description
ContractAI harnesses the power of artificial intelligence to revolutionize the contracting landscape, significantly enhancing the processes of contract analysis, creation, and negotiation. By automatically processing and examining historical contracts, ContractAI generates templates that reflect mutually beneficial terms. Its Analyzer application employs AI technology to clarify negotiation boundaries, assess legal and compliance ramifications, discern obligation intents, and establish permissible limits, empowering users to make informed contracting choices. Moreover, ContractAI alleviates the burdensome redlining process by providing suppliers with carefully curated win-win clause alternatives. This innovative platform allows enterprises to optimize negotiation terms based on historical insights, thereby mitigating the risks associated with unfavorable terms and conditions. Furthermore, vendors can effortlessly select acceptable alternative terms, leading to a notable decrease in the legal and procedural costs of contracting, all while leveraging an AI-driven scoring mechanism for efficiency. Additionally, this streamlined approach fosters a more collaborative environment between parties, ultimately enhancing the overall effectiveness of contract management.
API Access
Has API
API Access
Has API
Integrations
Microsoft PowerPoint
Microsoft Word
SAP Store
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
Exigent Group
Founded
2003
Country
United Kingdom
Website
www.exigent-group.com
Vendor Details
Company Name
App Orchid
Founded
2013
Country
United States
Website
contractai.apporchid.com
Product Features
Contract Management
Buy Side (Suppliers)
Completion Tracking
Compliance Tracking
Contract Lifecycle Management
Electronic Signature
Full Text Search
Government Contracts
Pre-built Templates
Sell Side (Customers)
Specialty Contracts
Version Control
Workflow Management
Product Features
Contract Management
Buy Side (Suppliers)
Completion Tracking
Compliance Tracking
Contract Lifecycle Management
Electronic Signature
Full Text Search
Government Contracts
Pre-built Templates
Sell Side (Customers)
Specialty Contracts
Version Control
Workflow Management