JAGGAER Contracts AI

Contract analysis powered by AI, ML and OCR capabilities.

AI-Powered Intelligent Contract Processing Platform providing deeper visibility and insights.

JAGGAER Contracts AI is a comprehensive contract processing platform powered by Artificial Intelligence & Machine Learning. Using optical character recognition (OCR) and natural language processing (NLP) techniques, the Contracts AI solution can ingest contracts from disparate sources and holistically analyze them in a fraction of the time. The platform works as a seamless AI layer on top of the JAGGAER Contracts+ solution and delivers deeper contract document visibility and insights.

Legal operations within an organization spend a lot of time manually reviewing third party contracts for understanding clause deviations and potential risks. AI assisted contract reviews significantly reduces the time and effort required for legal teams to review contracts and improve their efficiency by up to 60%. Also, during Mergers & Acquisitions, due diligence exercises take a lot of time resulting in lengthy deal cycles and machine learning based contract analytics can help accelerate the contract review process and speed up the deal velocity by 50%. JAGGAER Contracts AI also helps in centralizing the organization wide contracts from disparate sources and provides stakeholders with real-time visibility into contract status, terms, and obligations. This transparency improves collaboration among departments, enhances decision-making processes, fosters better supplier relationships and help reduce revenue leakages.

Why JAGGAER?

Efficiency and Time Savings

JAGGAER Contracts AI automates the manual contract management tasks, such as metadata extraction, clause identification and contract categorization. By leveraging AI and machine learning algorithms, the solution streamlines the entire contract lifecycle and improves overall efficiency.

Faster, Accurate Contract Reviews

JAGGAER Contracts AI uses NLP and machine learning algorithms to extract key terms, metadata and clauses from contracts eliminating the need for manual data entry and saving time.

The solution also identifies potential risks within contracts by quickly comparing contract clauses with standard templates which allows legal teams to quickly identify differences, deviations from standard terms further resulting in faster, accurate contract reviews.

Semantic search of Contracts

JAGGAER Contracts AI allows users to search across all contracts, not just based on different keywords but also based on synonyms of those keywords.

The solution uses Natural language processing technology based semantic search engine to deliver more accurate and relevant search results based on the meaning behind the words instead of relying solely on exact keyword matches.

Risk Mitigation and Compliance

JAGGAER Contracts AI utilizes advanced natural language processing (NLP) and machine learning algorithms to automatically identify potential risks within contracts. These risks may include obligations that are difficult to fulfill, non-standard clauses, ambiguous language etc.

By proactively flagging high-risk clauses with the help of clause scoring and variance analysis, the solution enables businesses to minimize risks

DATASHEET

Contracts AI

Contract Analysis powered by AI, ML and OCR capabilities

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AI-Powered Contracts

JAGGAER Contracts AI leverages cutting-edge NLP, AI and ML technologies and empowers businesses with advanced automation, metadata extraction, semantic search and risk mitigation capabilities, ensuring precise, fast and compliant contract management.

JAGGAER One

Enhance your contract document analysis and reporting and connects you with tools across the spend management lifecycle. Learn how these tools can help you and your organization mitigate risk and seamlessly transact with your suppliers.