AI-Powered Contract Management Software
Work Smarter and Faster with Ironclad AI
Introducing Ironclad AI, the most comprehensive suite of AI contract analysis and management tools that helps you unlock and capitalize on the data in your contracts. Speed up your business, drive powerful results, and operate more effectively with Ironclad AI.
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Speed up all stages of the contract lifecycle with Ironclad AI
AI ASSIST™
Speed up contract turnaround time
Powered by generative AI, AI Assist™ offers automatic redline suggestions based on the custom guidelines your team sets via AI Playbooks. With one click, Ironclad AI will:
- Automatically comb through your contract
- Identify unapproved clauses
- Redline improper language for review
…turning your contracts around instantly, so your legal team can do more, faster.
REPOSITORY
Extract contract data automatically
Ironclad’s AI-powered Repository uses Optical Character Recognition (OCR) to turn unstructured data files into searchable text. It will:
- Automatically tag and index contract data via Smart Import
- Detect 194+ contract properties, like contract value, counterparties, dates, and more
- Eliminate the need for manual tagging
With a high integrity data extraction model, you’ll get an accurate, end-to-end view of how your company operates, so you can focus on the areas that drive your business forward.
" With Ironclad's Smart Import, uploading legacy contracts is 40-50% faster"
Daniela Lagoteta
Legal and Compliance Analyst
Rippling
EDITOR
Review contracts 60% faster
Ironclad’s AI-powered Editor automatically converts any contract, including third-party paper, into a collaborative Word doc. Leveraging AI Playbooks, the Editor will:
- Automatically identify key terms and clauses
- Flag areas that may pose risk
- Suggest pre-approved clauses and replacement language
- Jump to prioritized sections instead of requiring line-by-line review
Teams using Ironclad say they review contracts up to 60% faster, giving them more time to focus on high value work.
INSIGHTS
Operate your business more effectively
Without accurate, real-time data, your business flies blind. Ironclad Insights analyzes your contract data so you can easily find the information you need, report on it, and take action. It will:
- Report on key metrics like contract review times and upcoming renewals
- Gather insights on correlations between contract data and sales impact
- Provide both pre-built and customizable reports
Every report can easily be saved for re-use, shared, and exported, so you always have a pulse on your business.
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Catherine Choe
Director, Legal Operations & Strategy
Everlaw
Our goal is to keep legal out of 95% of contracts, and Ironclad's AI-driven workflows, permission controls, and analytics help us get there
Read the customer storySee how you can save time on contract review with AI Assist
Additional resources on how you can use Ironclad AI to automate more work
Contract AI FAQ
Contract artificial intelligence (AI) is machine learning technology that scans your digital contracts to manage, filter, extract and review contract data. It automates repetitive tasks so your time can be used more efficiently and strategically.
Legal teams have used contract lifecycle management solutions for years to create, negotiate, manage, store, and analyze contracts. With the emergence of AI technology, CLM vendors introduce AI to their solutions to make the entire platform smarter. However, each CLM vendor uses AI in different areas, so it’s crucial to try it with actual contracts before making any purchase decision.
Traditionally, contract review requires an army of legal professionals to compare negotiated contracts with their playbooks in a spreadsheet or document. AI contract review software accelerates the process and greatly reduces the time to review contracts from hours to minutes. Ironclad AI scans through hundreds of pages in seconds and finds the unapproved and potentially risky clauses for the legal team to approve. Instead of reading the entire contract, the legal team can now focus on the provisions that need their attention.
We train our AI models based on proprietary and open-source contracts across companies of various sizes, industries, regions, and business models. As a result, Ironclad AI can provide 90%+ accuracy for most contracts. We invite you to book a demo to try our AI with your contracts.
On the contrary, AI-based CLM makes legal teams more efficient and irreplaceable. Legal teams manage the business risks and provide strategic advice to the leadership team. However, they are often swamped with highly repetitive, labor-intensive, and time-consuming manual tasks daily. Ironclad provides an AI-powered end-to-end CLM platform that allows the legal team to focus on strategic projects for their organization.
Some of the more advanced AI features may be an add-on depending on your current plan type. Reach out to your Ironclad representative for more details.
You can find additional information about Ironclad AI in our support center, take a course at the Ironclad Academy, or schedule a demo with us today.