Ironclad Journal icon Ironclad BLOG

Introducing Ironclad AI for Complete Contract Intelligence

September 15, 2022 2 min read

Eight years ago we created Ironclad to bring business contracts into the digital age. Now we take another leap forward in our mission to streamline the contracts process with today’s launch of Ironclad AI

Let the humans focus on the human work

Contracts, at their core, are a human affair – they govern the relationships and entities between humans, and they’re upheld in a court of law by judges and a jury. And since they’re such a mortal thing, it’s important that we not eliminate that aspect. 

We’re taking a human-centric approach to AI. We like to think of Ironclad AI as the Ironman suit for contract experts: It doesn’t eliminate the need for people, but rather allows them to do more with contracts – to work faster, collaborate more effectively, and make better decisions. 

Today Ironclad becomes the only Contract Lifecycle Management (CLM) platform to include artificial intelligence across the entire contract lifecycle: 

  • Smart Import is our contract migration tool that uses optical character recognition (OCR) to scan, tag, and store contract data at scale
  • Playbooks, launched today in beta, uses AI-powered clause detection to help customers review and negotiate contracts more intelligently
  • Ironclad Editor converts any contract, including third-party paper, into a collaborative Word doc and identifies the key terms and clauses
  • Ironclad Insights is a contract analytics tool which allows users to create visualizations of crucial operational and business data 

Streamline the contract process for everyone 

Ironclad AI helps teams process contracts at a much higher volume than they could if they were reading each contract individually. It does this by automatically extracting key properties in context. Sure, a lawyer or contract expert could pick these out of the text, but Ironclad AI is able to do this in a matter of seconds – for thousands of contracts at a time. Just like that Ironman suit, it makes the human user stronger, faster, and more powerful. 

But it’s not just the legal teams and contract experts Ironclad AI helps – it’s everyone in the organization who interacts with contracts: sales, procurement, marketing, finance, HR, and more. With Ironclad AI, the entire org can accelerate the review and negotiation of contracts based on policies your legal team sets. So your contract experts no longer need to review every single contract, but can now rely on Ironclad to enforce those policies automatically.

As Everlaw’s Catherine Choe says, “Our goal is to keep legal out of 95% of our contracts, and Ironclad’s AI-driven workflows, permission controls, and analytics help us get there.”

How can Ironclad AI help your business? 

Ironclad AI is one more way we’re bringing business contracts into the digital age. Sign up for a custom demo now to see exactly how Ironclad AI can help you speed your business, drive results, and operate more effectively.

Want more content like this? Sign up for our monthly newsletter.

Book your live demo

Jason Boehmig founded Ironclad to break through the barriers and bottlenecks he encountered daily as a corporate attorney at Fenwick & West. In addition to leading the charge to bring contracts into the digital age, he has also been an adjunct professor at Notre Dame Law School and given guest lectures at universities like Harvard, Stanford, Yale, Cornell, and Northwestern.