Agiloft Announces AI Engine for Advanced Contract Automation on No-Code Platform
REDWOOD CITY, Calif., Feb. 25, 2020 /PRNewswire/ -- Agiloft, the global standard in contract and commerce lifecycle management, today announced the addition of its new Agiloft AI Engine, complete with prebuilt AI Capabilities for contract management and an open AI integration that allows customers to incorporate custom-built AI tools into the no-code platform.
"Our new AI Engine provides out-of-the-box AI tools for contract management and also gives customers the ability to create completely custom AI capabilities to drive efficiency, visibility, and security in commercial processes," said Colin Earl, CEO of Agiloft.
Major product updates include:
-- Contract automation for AI-enabled CLM: The Agiloft AI Engine adds
advanced artificial intelligence to Agiloft's contract lifecycle
management software. Key components of the Agiloft AI offering include
out-of-the-box AI Capabilities that solve common problems in contract
management, including metadata and clause extraction from contracts and
other documents, document classification, contract risk scoring, and
more. Prebuilt machine learning models also enable users to implement
their own custom AI tools with existing data. Additionally, the open AI
Engine features an integration template to bring in machine learning
models from Amazon SageMaker and Google TensorFlow to build entirely
custom AI tools on Agiloft's no-code platform.
-- Advanced translations with Google Translate: Integration with Google
Translate allows users to translate new or changed field labels from any
language supported to any other language.
-- MS Dynamics integration automates commercial processes across the
enterprise: Agiloft's integration with MS Dynamics furthers Agiloft's
ability to connect data across departments. This adds to Agiloft's list
of integrations with major business applications, such as Salesforce,
Jira, and MS Office.
-- Alexa integration drives productivity: Agiloft's Alexa integration
utilizes voice commands to boost productivity and allow hands-free
connectivity with the Agiloft platform. The integration lets users
interface with Agiloft directly, including search, reading, or editing
fields and records as well as counting. For example, "Alexa, how many
contracts are due this month?" In addition to the Alexa skills included
in the release, Agiloft customers can add their own custom skills as
needed.
-- GUI upgrades to enhance the user experience: The new release also
includes upgrades to the Agiloft graphic user interface (GUI) to improve
productivity and user experience, including resizable charts and
dashboards, summary layout preview, chart drill-down enhancements, and
more.
"With our AI Engine and included AI functionality, Agiloft has a unique position in the market," said Christian Thun, VP of engineering at Agiloft. "Agiloft is the only no-code CLM platform today that provides open AI capabilities. The automation and configuration opportunities with Agiloft are unmatched, and we are looking forward to further expanding our AI functionality in 2020."
Agiloft gave an advanced look at its 2020 product roadmap at its inaugural Agiloft Summit 2019 in October. Watch the product presentation here. For more information about Agiloft, please visit https://www.agiloft.com/.
About Agiloft
Organizations ranging from small enterprises to U.S. government agencies and Fortune 100 companies depend on Agiloft's top-rated product suites for Contract Management Software, Service Desk, Custom Workflow, and more. Agiloft specializes in automating processes that are too complex for competing vendors. Our best practice templates and adaptable technology ensure rapid deployment and a fully extensible system.
Media Contact:
Jeffrey Miesbauer
Agiloft
650-587-8615 ext 4003
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SOURCE Agiloft
