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DiscoverAI datasheet

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T H E S O L U T I O N The ICM DiscoverAI Application Manage your third-party contracts the same way you manage your own, with Icertis' AI-powered clause and attribute discovery. Learnings gained from millions of contracts drive AI algorithms in the ICM platform that parse third-party contracts into their building blocks. The DiscoverAI app extracts key metadata and clauses, semantically mapping them to your contract definitions, standard clauses, and clause categories for further analysis. This means that changes and deviations can now be tracked as the negotiation progresses. With these AI-powered insights, you have better visibility into the semantic structure of the contract, reducing risk and increasing compliance. The DiscoverAI application on the Icertis Contract Management (ICM) platform addresses these challenges by using the power of artificial intelligence to automatically digitize and analyze third-party contracts. T H E C H A L L E N G E Every enterprise today works with third-party contracts. While these contracts form the foundation of business relationships, they can also present serious risks, and are very difficult to manage compared to your own paper. Common challenges with third-party contracts include: • Reviewing these contracts without the benefit of automation is labor-intensive and requires significant time to identify the key structures of the contract. • Third-party contract clauses cannot be easily compared to standard clauses. • Extracting contract attributes with correct semantic meaning is extremely difficult and prone to errors. • Important clauses cannot be tracked for deviations when they are red-lined during negotiations, introducing the risk of critical changes being overlooked. Icertis, the leading enterprise contract management platform in the cloud, solves the hardest contract management problems on the easiest to use platform. With Icertis, companies accelerate their business by increasing contract velocity, protect against risk by ensuring regulatory and policy compliance, and optimize their commercial relationships by maximizing revenue and reducing costs. The AI-infused Icertis Contract Management (ICM) platform is used by companies like 3M, Airbus, Cognizant, Daimler, Microsoft and Roche to manage 5.7 million contracts in 40+ languages across 90+ countries. For more information visit icertis.com.

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