Agiloft amplifies its "Customize Your AI" approach with fresh Generative AI features, bolstering assured contracting.
Agiloft Unleashes Revolutionary AI-Powered Contract Management
Break some lousy contract norms with Agiloft, leading the pack in AI-driven contract lifecycle management!
REDWOOD CITY, Calif./PRNewswire - Agiloft, the mastermind behind data-centric contract lifecycle management (CLM), is shaking things up with groundbreaking AI features to supercharge legal teams and accelerate their businesses. Get ready to rock the static contract world with three mind-blowing AI offerings - GenAI Prompt Lab, ConvoAI Document Q&A, and Screens.
At Agiloft, we believe AI is all about customization and transparency. And that's exactly what we're delivering through our AI-Your-Way concept. This revolutionary approach allows legal eagles to tailor their AI-driven workflows according to their unique needs. With GenAI Prompt Lab, ConvoAI Document Q&A, and the innovative power of white box AI, organizations can deploy AI that fits like a glove, turning tradition on its head!
White box AI is the star of the show, ensuring complete transparency in the decision-making process. This unique feature empowers users to understand and trust the AI model's reasoning behind every outcome. Say goodbye to guesswork, because with ConvoAI Document Q&A, legal professionals can ask specific questions about a contract, and receive AI-driven responses that are directly tied to the source of the information. You can trust AI responses since you can instantly navigate to the highlighted content supporting the answer - that's right, no more mysteries!
"Creating AI that works for you is the name of the game!" said Andy Wishart, Agiloft's Chief Product Officer. "Our AI-Your-Way initiative puts legal teams in the driver's seat. They can fully customize prompts within their clause libraries to match their unique needs, leverage white box AI for complete transparency in contract review, and tap into GenAI Prompt Lab to streamline clause management. These smart features put power back in the hands of legal and contracting teams."
In addition, Agiloft's GenAI Prompt Lab is all About that Baseline! Let's dive into the new, user-configurable generative AI templates, designed to optimize clauses in clause libraries. Swap in new standard clauses based on previously used language, create a fallback clause from previously used language, identify deviations from standard clauses, review mismatches between contract data and metadata, detect red flags – it's a contract dream team! You can even identify potential risks based on your criteria and set customized actions like escalation, risk scores, or whatever floats your boat!
Here's the scoop on how Rush University's using Agiloft's AI magic: "Our self-configured Generative AI Prompt action instantly assesses contracts as they're submitted, guiding them to the right review group, and letting us manually reassign them when needed," said Dustin Slodov, AVP of Procurement and Systems at Rush University. "We've reduced total net new purchase orders by 20% with clearer contract availability. Internal buyers and vendors are thrilled with the quick turnaround – a significant advantage in today's fast-paced business world!"
Agiloft's AI-Your-Way initiative gives customers the freedom to tailor AI-powered workflows to their exact needs. But that's not all! With white box AI capabilities and the ability to streamline clause management within GenAI Prompt Lab, powered by Agiloft's recent acquisition of Screens' intelligent contract review and standardization – Agiloft's AI game is stronger than ever! Get ready to supercharge your contract management with intelligent, data-rich insights at scale.
Catch Agiloft's AI redefining contract management at agiloft.com.
About Agiloft
Agiloft is the trailblazer in data-centric contract lifecycle management (CLM) software. We connect contractual commitments to real business outcomes by leveraging data. With contract data as our foundation, we help customers quickly and collaboratively reach agreement, all while delivering competitive advantage. Embracing artificial intelligence as a force multiplier, and data integration as a liberator, the world's leading companies trust Agiloft's certified implementers to deliver connected, intelligent, and autonomous solutions across the entire contract lifecycle. With a 99.6% implementation success rate, it's clear why Agiloft is the go-to choice for unlocking the value of contract data and accelerating business. Kick back, relax, and learn more at www.agiloft.com.
Industry Trends
- Streamlining contract negotiation, review, and redlining tasks by using AI to automate repetitive tasks and provide valuable insights[3].
- AI-powered contract insights for improved workflow automation and real-time dashboards[1].
- Enhanced contract creation, review, and redlining with AI support[2].
- Customizable AI solutions tailored to the specific needs of your unique contract management workflows[3].
Agiloft's GenAI Prompt Lab, a user-configurable generative AI template, is optimizing clauses in clause libraries, providing a contract dream team with features like identifying deviations from standard clauses, reviewing mismatches between contract data and metadata, and even identifying potential risks based on specific criteria. The AI-Your-Way initiative allows legal teams to customize their AI-driven workflows, using white box AI for complete transparency in contract review and leveraging artificial intelligence to streamline clause management.
