Automate high-volume contract reviews by comparing contract attributes against your specific risk criteria to ensure required clauses and approved language are present in every agreement. Risk Assessment Copilot earmarks agreements that don’t require further review and identifies and helps you address missing or noncompliant attributes, so you can focus on growing your business.
Vendor
Icertis
Company Website
Accelerate contract reviews by 40% with generative AI
The Icertis Risk Assessment Copilot, powered by the Icertis ExploreAI Service, significantly accelerates the contract review process while reducing risk by using AI to compare contract language to a company’s predefined risk parameters based on the contract type.
High volume of contracts that need legal, business review
Enterprise organizations manage large volumes of contracts to ensure they conform to risk management strategies and standards. This includes contract types that rarely require changes. Manually reviewing such contracts eats up time and is subject to human error, costing the business expensive resources and subjecting it to risk.
Icertis Risk Assessment Copilot
Leveraging the conversational nature of generative AI, users can also access recommendations based on their company’s legal playbook via free-form and predefined prompts. When a contract is submitted for review, the Copilot generates a highly intuitive dashboard with an overall risk score as well clause-level assessments of the contract’s performance against parameters. Results are visually presented via green, yellow, or red risk scores, helping reviewers understand where they need to turn attention, or, alternatively, indicating that the contract meets all criteria and doesn’t require their valuable time.
Risk Definition, Configuration
Define numerous risk criteria for the type of contract, and configure and assign a risk score using detailed logic specific to the organization.
Contract Level Assessment and Visualization
Get a final verdict and assign review recommendation (required/ not required) for the contract.
Microsoft Word Native Experience
View a dashboard summarizing a contract’s performance against defined risk criteria on without leaving Microsoft Word.
Bulk contract processing
Process contracts in bulk and generate a combined risk assessment report for them.
Clause Level Risk Flagging
Get intuitive, color-coded risk scores for every clause in a contract and navigate to discovered risks using in-document references like clause snippets or section numbers
Risk Mitigation
Define steps to mitigate a risk and highlight them to the user for the risk identified in the contract. Converse with the contract within Microsoft Word.
Faster, comprehensive contract reviews
Risk Analysis AI
Up to 40% reduction in review cycle times, with AI powered risk analysis
Risk Profiles at a Glance
Visibility into risk profile of every contract in the organization
Higher Stakeholder Satisfaction
Higher stakeholder satisfaction with effort optimization, streamlined review process
Surface Insights with a Chat
Enable users to engage conversationally with contracts