Ironclad AI
Complete contract intelligence is here
Introducing Ironclad AI, true contextual intelligence that helps you unlock and capitalize on the data in your contracts. Ironclad AI lets you extract and use contract data when, where, and how you need it so you can speed your business, drive results, and operate more effectively.
AI ASSIST™ (Beta)
Speed contract turnaround time
AI Assist™ offers automatic redline suggestions based on the Playbooks you set. With one click, Ironclad AI combs through the contract, identifying unapproved clauses and redlining improper language for review.
Contract review is a notoriously labor intensive process. With Ironclad AI, legal teams can do more and move faster, all with less budget and fewer resources. Powered by generative AI, AI Assist™ takes your predefined Playbooks as guiding principles to redline the contracts for you, turning contracts around instantly.
REPOSITORY
Extract contract data automatically
Ironclad Repository doesn’t just store your contracts. It transforms them from static documents to the contextual data you need to make better decisions. The secret sauce? Ironclad AI.
From the moment you upload your contracts, Ironclad AI uses Optical Character Recognition (OCR) to turn those unstructured data files into searchable text that’s automatically tagged and indexed.
Our repository automatically detects contract properties (like contract value, counterparties, and dates), removing the need to manually tag. This high integrity extraction model gives you an accurate, end-to-end view of how your company operates, so you know which areas need focus.
EDITOR
Review contracts 60% faster
Ironclad’s AI-powered Editor automatically converts any contract, including third-party paper, into a collaborative Word doc and identifies the key terms and clauses. No need to review line by line; Ironclad lets you jump right to the parts you care about.
Our contract AI does more than speed reviews, though. Our new Playbooks feature also recommends the best path, identifying areas that may pose risk, for example, and suggesting pre-approved clauses and language instead.
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
Ironclad Insights unlocks your contract data without the need for 3rd-party analytics, so you can easily find the information you need, report on it, and take action.
Whether you’re using a pre-built or custom template, every report can easily be saved, shared, and exported, so you always have a pulse on your business.
· How much time does your team spend on reviews?
· How does contract review time impact sales?
· Which contracts are up for renewal next quarter?
Catherine Choe
Director of Legal
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.
See more customer storiesContract 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.
You may take some courses at the Ironclad Academy or schedule a demo with us today.
We strive to use AI to make the contracting process more efficient and encourage every Ironclad user to use AI daily. Ironclad AI is included in all subscription plans. As a result, each Ironclad customer enjoys the benefit of Ironclad AI out-of-the-box on day one without additional cost.