Average Ratings 0 Ratings
Average Ratings 0 Ratings
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
During contract drafting, sections can be locked or edited. Each contract/project is a collection of individual "template terms". Some of these terms can be modified to meet the specific requirements of each project (e.g., term, scope, etc.). The other terms are "locked down" or secured to ensure that the organization's governance policies and risk management policies are upheld (for example, indemnity, IPR and insurance). They cannot be modified by the project teams. No more forgetting about updating state and other regulations. Certain documents have complex compliance requirements. Non-compliance can result in fines, revoked licences, and sometimes even criminal liability. Sarbanes Oxley and HIPAA, federal and state regulations, require strict privacy and security guidelines. All sections and clauses in the template library can be assigned review periods. The system will send an automated email notification to their owners whenever the interval expires so they can be re-evaluated.
API Access
Has API
No
API Access
Has API
No
Integrations
Microsoft PowerPoint
No
Microsoft Word
No
SAP Store
No
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Pricing Details
$29/m/u
Professional $99/m/u
Enterprise on quotation
Enterprise on quotation
Free Trial
Yes
Free Version
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
Yes
Customer Support
Business Hours
No
Live Rep (24/7)
No
Online Support
Yes
Types of Training
Training Docs
Yes
Webinars
Yes
Live Training (Online)
Yes
In Person
No
Types of Training
Training Docs
Yes
Webinars
No
Live Training (Online)
Yes
In Person
Yes
Vendor Details
Company Name
App Orchid
Founded
2013
Country
United States
Website
contractai.apporchid.com
Vendor Details
Company Name
Remy InfoSource
Founded
2004
Country
Singapore
Website
www.remy-is.com
Product Features
Contract Management
Buy Side (Suppliers)
No
Completion Tracking
No
Compliance Tracking
No
Contract Lifecycle Management
No
Electronic Signature
No
Full Text Search
No
Government Contracts
No
Pre-built Templates
No
Sell Side (Customers)
No
Specialty Contracts
No
Version Control
No
Workflow Management
No
Product Features
Document Management
Access Controls
Yes
Archiving & Retention
Yes
Collaboration Tools
Yes
Compliance Tracking
Yes
Document Archiving
Yes
Document Assembly
Yes
Document Capture
No
Document Conversion
Yes
Document Delivery
Yes
Document Indexing
No
Document Retention
Yes
Electronic Signature
Yes
Email Management
Yes
File Recovery
No
File Type Conversion
No
Forms Management
Yes
Full Text Search
Yes
Offline Access
No
Optical Character Recognition
No
Print Management
No
Version Control
Yes