September 21, 2017 by Alex Cohen
Apttus Intelligent Contract Lifecycle Management with Applied AI automates tasks and provides actionable insights to legal professionals
SAN MATEO, CA – September 21, 2017 – Apttus, which provides the first and only integrated platform to combine end-to-end Quote-to-Cash business process automation and Contract Lifecycle Management with behavior applications and artificial intelligence to enable customers to maximize revenue, today unveiled Apttus Contract Management with Artificial Intelligence (AI). The addition of Artificial Intelligence to Apttus’ leading Contract Management product offers legal departments numerous benefits, including reductions in contract cycle time, enhanced agreement risk management, and the automation of third-party paper.
Apttus Intelligent Contract Management with Applied AI offers the following innovative benefits and capabilities:
- Intelligent agreement risk management: Locate key terms and topics that create financial risks in negotiated agreements. Compare negotiated wording with agreement templates automatically to quantify and manage exposure to these risks.
- Intelligent contract cycle time reduction: Reduce the time required to reach contract signature through cycle time prediction based on similar agreements. Compare predicted cycle times using alternate clauses to negotiate with full visibility to the impact of language choices.
- Intelligent clause recommendation: Increase Legal Ops productivity with alternate word choice and clause suggestions that are proven to streamline negotiations and reduce risk exposure.
- Intelligent third-party paper automation: Automatically map business terms and clauses in a third-party document to your legal playbook, enabling contract managers to swap language, reconcile drafts and send for approval just as if they had originally produced the contract.
“Apttus’ history of contract management innovation goes back eleven years, and today we’re just as invested in driving the industry forward and creating successful outcomes for our customers,” said Kirk Krappe, CEO at Apttus. “It should come as no surprise that Apttus is the first to leverage artificial intelligence in this space, and in ways that enterprise organizations can leverage immediately and effectively.”
To learn more about Apttus Contract Management with Applied AI, download the whitepaper or review Forrester’s most recent CLM report. Apttus Contract Management with Applied AI will also be on full display at the Microsoft Ignite Conference, September 25-29 in Orlando, Florida. Visit Apttus on the Expo floor at booth 727, or join Apttus’ session at the adjacent Microsoft Envision, “Leveraging Applied AI to Accelerate Digital Transformation and Maximize Business Outcomes” on Tuesday, September 26, at 11:00am.
Apttus, the category-defining Quote-to-Cash and Contract Lifecycle Management technology company, drives the vital business process between a buyer’s interest and the realization of revenue. Utilizing a patented combination of SaaS-based applications, the Apttus Intelligent Cloud platform helps our customers, achieve better business outcomes. Enhanced by Machine Learning and Max, an artificial intelligent agent, Apttus applications include Configure Price Quote, Contract Lifecycle Management, E-Commerce, Billing Management, Revenue Recognition, Deal Management, Order Management, Promotions Management, Incentive Compensation Management, Rebate Management, and X-Author. The Apttus Intelligent Cloud platform is powered by the world’s most trusted cloud platforms, including Salesforce and Microsoft Azure. Apttus is based in San Mateo, California, with additional offices located across the globe. For more information visit: apttus.com.