Bringing the Power of Generative AI to Contract Management, Responsibly

Unlocking Contract data with Artificial Intelligence

Contracts are an untapped wealth of unique enterprise data, defining a company’s relationships with customers, suppliers, partners, and employees. For more than a decade, Icertis has been unlocking the value hidden in contracts with the Icertis Contract Intelligence Platform, powered by its proprietary AI models, to deliver powerful outcomes for the world’s leading companies – we call it contract intelligence. Now we are combining the power of large language AI models that are signature of generative AI and Icertis proprietary AI models to help customers derive insights from their contract data, enterprise data, and the Icertis Data Lake to deliver new, powerful, material business outcomes.

Introducing Icertis ExploreAI Service

Icertis ExploreAI Service enables enterprises to safely leverage the power of generative AI to bring a new level of efficiency to contract management that will turbocharge your business.  Icertis ExploreAI Service combines the power of large language AI models and Icertis proprietary AI models to derive insights from your contract data, your enterprise data, and the Icertis Data Lake to deliver powerful, material business outcomes not possible before.   The new generative AI capabilities build on robust outcomes Icertis customers already experience with Icertis AI to accelerate the drafting, negotiating, and execution of commercial agreements; derive deep commercial, legal, operational insights from their contracts; and ensure the full intent of those agreements is realized in the real world. 

How it Works

With ExploreAI Service, we are infusing the Icertis platform with generative, assistive, natural language capabilities in a secure, responsible way so customers and partners can also build Icertis Copilots on the ExploreAI Service to improve contracting efficiency exponentially through natural language and summarization analyzes millions of contracts quickly to uncover contextual insights; and help realize the full intent of every aspect of your valuable commercial agreements.

Why it Matters

World Commerce & Contracting reports that, on average, 25% of a company’s workforce interacts with contracts. Icertis Copilots, built on ExploreAI Service, makes everyone that interacts with contracts more productive by giving them an always-on intelligent partner to show the way toward more revenue, bigger savings, and less risk.

The C-suite

The C-suite, including the Chief Legal Officer and Chief Financial Officer, gains enterprise insights into how the business is performing and where the next opportunity for growth lies. Comprehensive contract reporting and quick summarization of several contracts allow them to identify anomalies and risk pointing to “black swan” events before they happen. This protects billions in financial, operational and reputational damage.

Legal users

Legal users can now eliminate manual effort in localizing contracts or translating global contracts; speed up the contract creation, review and negotiation cycles; and gain critical efficiencies. 

Sales

Can accelerate negotiations and close deals faster while also ensuring appropriate clauses are included in their contracts—including inflation protection clauses—that protect them from external market and regulatory risks.

Procurement

Procurement users can be assured the data that flows from the contracts into downstream systems are free of manual input errors, and access accurate spend reporting, individual supplier spend data, etc. Further, they can track obligations listed in their contracts, identify every obligation clearly depending on the type of contract, and take appropriate action. They can also quickly search for contracts and the attributes contained, to track any data associated with contracts.