AI Contract Management: Extract, Analyze, and Track Contracts
Contracts hold critical business information. AI makes it accessible.
AI Contract Capabilities
Extraction
- Key term identification
- Clause extraction
- Obligation parsing
- Date tracking
Analysis
- Risk identification
- Standard deviation
- Comparison analysis
- Language optimization
Management
- Renewal alerts
- Obligation tracking
- Amendment management
- Searchable repository
Impact
| Metric | Improvement |
|---|---|
| Review time | -80% |
| Risk identification | +60% |
| Missed renewals | -90% |
| Compliance | +50% |
Tools
| Tool | Focus |
|---|---|
| Ironclad | CLM |
| DocuSign CLM | End-to-end |
| Kira | Analysis |
| Luminance | Review |
| ContractPodAi | Enterprise |
Quick Wins
- Renewal tracking - Never miss a date
- Key term extraction - Instant access to terms
- Risk flagging - Identify issues automatically
- Search - Find any clause quickly
Want to tame your contracts with AI? Let’s discuss your needs.