Ex-Thomson Reuters Contract Express head Andy Wishart has joined Agiloft as chief product officer. Wishart is one of the best-known names in the legal contract automation sector, having co-founded Contract Express developer Business Integrity, which was acquired by Thomson Reuters in 2015. At TR he started out as global head of Contract Express but rose up the ranks to become VP of drafting and productivity solutions.
Agiloft is an end to end contract lifecycle management platform that last year secured $45m in funding and launched a new AI engine for contract automation on a no-code platform. While no-code in many cases is just the latest buzz word, Wishart tells us that the strength of the platform and this growth last year have led to him joining the company that counts EMC, Chevron and Doosan among its clients. At TR Wishart has been working towards creating a contract lifecycle platform and was instrumental in the acquisition of HighQ in 2019.
Wishart told us: “Customers are using contract lifecycle management to solve a lot of their procurement, sales and contracting needs. Agiloft is a hugely flexible platform. Our founder Colin Earl had a vision for no-code before it became sexy and cool and customers can extend the platform with their own custom solutions. We can build customer modules on the platform to solve custom needs, so it’s a true platform and really exciting product.”
Right now the product team is focussed on the next release, which Wishart tells us will enhance Agiloft’s AI capability, particularly in helping customers to extract and identify key clauses from contracts in Agiloft’s repository. Wishart said: “We’re helping customers to identify key clauses and risks and Agiloft has something unique in the AI module.”
We interviewed Agiloft’s new CEO Eric Laughlin in September, which you can watch below.