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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
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
API Access
Has API
Integrations
Microsoft PowerPoint
Microsoft Word
SAP Store
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
$29/m/u
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
Remy InfoSource
Founded
2004
Country
Singapore
Website
www.remy-is.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
Document Management
Access Controls
Archiving & Retention
Collaboration Tools
Compliance Tracking
Document Archiving
Document Assembly
Document Capture
Document Conversion
Document Delivery
Document Indexing
Document Retention
Electronic Signature
Email Management
File Recovery
File Type Conversion
Forms Management
Full Text Search
Offline Access
Optical Character Recognition
Print Management
Version Control