Apttus Shoots for Language-Based Contract AI With Apttus Intelligent Import, ABBYY Partnership

The new tool is intended as a complementary importing mechanism with Apttus's pre-existing contract management.

, Legaltech News

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The new tool is intended as a complementary importing mechanism with Apttus's pre-existing contract management.

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What's being said

  • Chris Mobley

    As I understand it, the legacy migration use case was just the initial phase and Apttus is already using Aii to create contract risk profiles, dynamic assembly and "smart playbooks", as well as the ability to identify and mass-amend contracts based on regulatory changes, etc. with some of their largest customers. It‘s key that they‘ve built this functionality as part of a full CLM system and not just an ancillary tool that has to be integrated.

  • Steve Tucker

    There is no doubt that AI is fundamentally changing the way that software is being built and is dramatically extending functionality, especially in contract discovery and analytics. I have been in this business for many years and the pace of change is palpably accelerating. It is nice to see Apttus embracing the latest tech for their import solution – it is the direction that all CLM will undoubtedly look to embrace as well. However harnessing AI for import is only a small part of the overall process – what is key is how it is used to teach the system to dynamically create metadata and continually learn how to search and query the corpus of contracts with limited human intervention. For a detailed look at this move please see seal-software.com/blog/welcome-apttus

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