Contract management: Conga launches AI Analyze
Having announced towards the end of 2018 that it will turn to a wide combination of AI technology to make document and contract automation more efficient, Conga today (23 April) announced the release of Conga AI Analyze to unlock business insights from digital documents and contracts.
A platinum Salesforce partner, Conga this year surpassed 900,000 users on its digital document transformation suite, which combines document generation, CLM, and eSignature in an end-to-end solution.
“Everyday documents — including contracts — are the lifeblood of modern business, but organisations struggle to turn the information hidden within them into insights that propel their businesses forward,” said Doug Rybacki, chief technology officer at Conga. “When used in conjunction with the Conga Suite, AI Analyze enables organizations to analyze, organize and manage all of the key information in their contracts to accelerate the contract negotiation process and close deals faster than ever before.”
AI Analyze promises to extract key data points and clauses from contracts and documents, allowing customers to leverage unstructured data and save the data within Salesforce in a structured format. Leveraging the data captured by AI Analyze alongside Salesforce Einstein’s predictive intelligence enables customers to build a complete view of their business in order to make smarter and more predictive decisions, Conga says.
Conga’s clients include Hilton Worldwide, Wolters Kluwer, Qualcomm and Schumachergroup.