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What is ContractAI?

ContractAI utilizes advanced artificial intelligence to transform the contract management arena, significantly improving the ways in which contracts are analyzed, created, and negotiated. By automatically evaluating past contracts, it produces templates that incorporate terms beneficial to both parties. Its Analyzer tool leverages AI to define negotiation parameters, evaluate legal and compliance implications, identify intent behind obligations, and set acceptable limits, enabling users to make well-informed decisions in their contracting processes. Furthermore, ContractAI simplifies the traditionally cumbersome redlining phase by offering suppliers thoughtfully selected clause alternatives that promote win-win outcomes. This forward-thinking platform empowers businesses to refine negotiation terms grounded in historical data, effectively reducing the risks linked to unfavorable agreements. In addition, vendors can easily choose viable alternative terms, which leads to a significant reduction in legal and procedural costs associated with contracting while benefiting from an AI-based scoring system that enhances efficiency. This streamlined methodology not only improves individual negotiations but also cultivates a more cooperative atmosphere between all involved parties, ultimately boosting the overall success of contract management strategies. As such, ContractAI is paving the way for a future where contract processes are faster, more transparent, and more beneficial for everyone involved.

What is Chameleon?

Exigent, a prominent provider of outsourced legal and technology solutions, has launched an innovative service that empowers legal departments to leverage machine learning for the efficient discovery and processing of contract and policy information. This groundbreaking offering integrates advanced technology, analytics, and expert human resources, allowing organizations at various stages of contract management maturity to start organizing, analyzing, and extracting valuable insights from their contract portfolios. In partnership with LexPredict from Chicago, this service enhances Exigent’s current Chameleon™ contract management solution by adding adaptable data extraction and identification features. With the backing of a team of legal professionals and analysts skilled in machine learning and natural language processing, this service offers a scalable, modular approach that eliminates the need for extensive IT projects or the engagement of external consultants. Consequently, organizations can swiftly adopt this solution, leading to a more efficient contract management process, while also enhancing their overall operational agility and responsiveness to legal demands.

Media

Media

Integrations Supported

Microsoft PowerPoint
Microsoft Word
SAP Store

Integrations Supported

Matia

API Availability

API Availability

Pricing Information

Pricing not provided

Pricing Information

Pricing not provided

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Standard Support
Web-Based Support

Customer Service / Support

Standard Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training

Training Options

Documentation Hub

Company Facts

Organization Name

App Orchid

Date Founded

2013

Company Location

United States

Company Website

contractai.apporchid.com

Company Facts

Organization Name

Exigent Group

Date Founded

2003

Company Location

United Kingdom

Company Website

www.exigent-group.com

Categories and Features

Categories and Features

Contract Management

Buy Side (Suppliers)
Completion Tracking
Contract Lifecycle Management
Electronic Signature
Full Text Search
Government Contracts
Pre-built Templates
Sell Side (Customers)
Specialty Contracts
Version Control
Workflow Management

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