To promote operational excellence and transformation, ContractPodAi introduces new AI capabilities based on best-in-class CLM principles.
Leah, a new AI services centre from ContractPodAi, the award-winning AI-powered contract lifecycle management (CLM) platform, has launched. This marks a generational change in how CLM is provided.
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“We’re bringing Leah to market as a way to ‘demystify’ AI for legal teams, making them aware of how this technology works with, and for, them”
With the new version, ContractPodAi also makes its AI Best Practice framework available. This framework serves as the foundation for ContractPodAi’s innovation and design of AI technology, which aims to give customers better, quicker, and more predictable results. The framework’s three guiding principles are as follows:
In contract talks with current vendors and clients, avoid “re-inventing the wheel” and instead adhere to precedents and standardised procedures.
Using real-time benchmarking data and cohort trends to measure contract performance across core business functions can help the function of contract management perform better. utilising AI in an ethical and responsible manner to improve outcomes for businesses and the stakeholders in their ecosystem
“We are excited to share the next generation of AI for advancing contract management,” said Sarvarth Misra, co-founder, and CEO of ContractPodAi. “With Leah, our customers can drive operational excellence by delivering faster time to value and better contract governance, risk, and compliance. The value framework on which the AI technology operates will offer far-reaching benefits including enhanced corporate reputation by using AI responsibly to drive standardization and consistency within customers’ contracting approach to bring a more collaborative and better relationship to their supply chain.”
Leah is a best-of-breed AI system built on ContractPodAi that makes use of its own proprietary AI, Microsoft Azure, IBM Watson, and now ChatGPT.
What’s New?
These new AI capabilities are ContractPodAi’s answer to legal teams’ need to automate tasks, eliminate inefficiencies, and reduce risk. Legal teams are now further empowered to drive operational excellence by delivering faster time to value through a more consistent enterprise contracting process. In addition to its wide array of existing AI features, Leah ContractPodAi now offers the following features powered by ChatGPT:
- Leah One Drop: Empowers users to create contract records with one simple drag-and-drop or upload step. Leah automatically detects and analyzes the contract file, creating records without any manual intervention. This saves legal teams time, while reducing errors.
- Leah Insights: Provides vendor and customer visual insights using predictive analytics to accelerate negotiations based on historic data with customers and suppliers into previously negotiated contracts dashboard.
- Leah Assist: Guides customers to review, redline and negotiate contracts based on historic data analytics, precedents, playbooks, and use of generative AI technology to predict the best t*******************, saving legal teams time in negotiating new and recurring contracts.
- Ask Leah: Helps users search through thousands of contracts for insights or simply interact with a single contract via an interactive chatbot powered by ChatGPT with real-time queries in relation to the contracts with smart prompts and guidance. Instead of reading the entire contract, users can just “Ask Leah.”
- Leah Deepsights: Elevates critical contract data across all major business functions and drives improvements and better ROI across the enterprise contracting function based on benchmarking metrics from the cohort of customers across the ContractPodAi platform.
“We’re bringing Leah to market as a way to ‘demystify’ AI for legal teams, making them aware of how this technology works with, and for, them,” said Atena Reyhani, Chief Product Officer at ContractPodAi. “Leah provides a very user-friendly experience when interacting with our AI, leading to increased accessibility. This improves legal teams’ day-to-day tasks, while enabling them to realize, and unlock the true value of this technology.”
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Leah will provide direction to ContractPodAi’s clients as she assists them in realising the possibilities of AI. Learn more about Leah’s capabilities, powered by ContractPodAi’s in-house AI, OpenAI’s ChatGPT Generative AI technology, Microsoft Azure, and IBM Watson.
ContractPodAi, a recognised innovator in end-to-end contract lifecycle management, uses AI for top businesses worldwide. With the addition of handling the complete, end-to-end legal lifecycle, including any use-case, any document type, and any situation, the platform’s powerful, intuitive, and simple-to-use capabilities have been expanded. The ‘One Legal Platform’ of ContractPodAi makes it simpler for legal teams to draught and analyse contracts, expedite issues, and contribute more strategic value so they can proactively safeguard the company.
With relationships with complementary technology vendors like IBM, Microsoft, DocuSign, and Salesforce, ContractPodAi Cloud enhances your company’s readiness. London serves as the company’s global headquarters, while other locations include New York, Glasgow, Chicago, Sydney, Bombay, and Toronto.
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