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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.
Description
Contract data is essential for everyone in your organization involved in servicing, supporting, managing, or executing contracts. An effective contract management system provides easy access to contract data, allowing team members to obtain information independently without needing to consult legal or other departments. This self-service capability enables users to quickly locate or generate reports on vital data or terms from all contracts, thereby minimizing risks and ensuring compliance with important contractual obligations. After a contract is executed, its value is just starting; however, a staggering 90% of organizations struggle to locate their contracts. This is alarming when considering the ongoing necessity for critical details such as key terms, renewal dates, owned products or services, and pricing information. A centralized source of information ensures that teams across your organization have immediate access to accurate answers for every customer, seamlessly integrating with CRM systems. This approach fosters efficiency and reliability, as everyone can confidently access the information they need to drive business success.
API Access
Has API
API Access
Has API
Integrations
Microsoft Word
PowerPoint
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
App Orchid
Founded
2013
Country
United States
Website
contractai.apporchid.com
Vendor Details
Company Name
Pramata
Founded
2005
Country
United States
Website
www.pramata.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