Icertis DiscoverAI Application

Icertis Inc

Leverage the power of AI to automatically digitize legacy and third-party contracts

Challenges in Managing Legacy and Third-Party Contracts

Many enterprises today work with large volumes of legacy and third-party contracts that are often paper-based and potentially out of compliance with their current contracting standards. While these contracts may form the foundation of critical business relationships, they can also present serious risks, and are very difficult to manage compared to your own paper.

Benefits of the Icertis DiscoverAI Application

The Icertis DiscoverAI application built on the Icertis Contract Intelligence (ICI) platform addresses these challenges by using the power of artificial intelligence to automatically digitize legacy and third-party documents and accurately extract their attributes and clauses directly into the ICI platform. With the help of this app, businesses can:

  • Quickly process legacy and third-party contracts at scale while reducing risk and improving performance
  • Improve the accuracy of attribute and clause extraction
  • Reduce cycle-time and eliminate errors by automating contract review process
  • Increase business velocity and avoid risks with better contact visibility
  • Benefit from redlining, versioning, approval rules, and workflows
  • Respond to contract queries quickly during mergers & acquisitions or throughout phased rollouts of ICI

Key Artificial Intelligence Features

The ICI Discover AI Application offers these powerful capbilties for all types of contracts: 

  • Image/PDF Conversion: Automatically convert images and PDF documents into text using advanced optical character recognition (OCR) capabilities. 
  • Clause and Attribute Discovery:  Quickly discover attributes and clauses after the contract is imported without resource-intensive manual review. 
  • Bulk Contract Actions: Perform bulk actions on large-scale batches of contracts as needed for regulatory changes and amendments. 
  • Seamless Contract Analysis: Easily include all contracts in your centralized ICI reporting and Advanced Analytics dashboards. 

Today, the world’s most iconic brands trust Icertis to govern the rights and commitments in their 7.5 million+ contracts worth more than $1 trillion, in 40+ languages and 90+ countries. Icertis has developed and implemented Contract Lifecycle Management (CLM) solutions for hundreds of companies, including Microsoft. See why Icertis remains a Leader in latest Forrester Wave™ Report: Contract Lifecycle Management with the highest score possible (5.0) in 27 out of 32 evaluation criteria.

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