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Icertis NegotiateAI App Datasheet

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T H E S O L U T I O N The ICM NegotiateAI App Leverage AI-powered insights to optimize contract negotiation, reduce risk, and negotiate better outcomes with the ICM NegotiateAI app. Built on the Icertis Contract Management (ICM) platform, the ICM NegotiateAI app gives businesses the AI-powered insights they need to optimize their contractual negotiations. With the help of this app, you can easily analyze high volumes of contracts, understand their component terms and clauses, and find similar precedents from across your company's entire contract repository. You can also quickly create clause deviations to ensure compliance and improve business velocity. The app works as a plug-in for Microsoft Word to seamlessly surface these insights right within the familiar user experience that professionals already know and use every day. T H E C H A L L E N G E In today's fast-paced business environment, organizations must create and evaluate large volumes of contracts with ever-increasing frequency. Without sufficient intelligence about the terms and parties represented in these contracts, it can be very difficult for companies to avoid risks, maintain compliance, and ultimately get to the best possible negotiated outcomes. Traditional contract creation, review, and negotiation techniques can create a number of challenges: • Manual review of high volumes of lengthy contracts is labor intensive and time consuming. • Businesses risk unknowingly repeating mistakes if they start fresh without the benefit of lessons learned from previous contract negotiations. • Third-party contracts can be especially challenging to effectively review due to unfamiliar terms and clauses. • It can be extremely challenging to share best practices between employees, departments, or even different divisions of a company–all of whom might be unknowingly negotiating similar contracts with the same counterparties. • Companies may fail to comply with corporate standards if they accept third-party contract terms rather than insisting on standard company clauses. 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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