Obligation Management
AI-powered automation for extracting and tracking contractual obligations.
Executive Summary
Agiloft CLM's AI-enhanced Obligation Management is a legal category feature designed to automatically identify, extract, and track contractual obligations within legal documents. Leveraging advanced AI, it streamlines the complex process of managing commitments, ensuring that organizations can instantly understand and act upon their contractual responsibilities. This capability is crucial for mitigating risks associated with unfulfilled obligations and protecting revenue. The platform provides real-time visibility into obligation status through configurable dashboards and integrates seamlessly with existing enterprise systems. By automating the management of deadlines, renewals, and compliance, Agiloft helps businesses avoid missed auto-renewals, reduce financial penalties, and maintain strong contractual relationships. It transforms reactive obligation management into a proactive, data-driven process, enhancing operational efficiency and legal compliance.
Use Cases
- Preventing Missed Deadlines and Renewals: Automatically track critical dates for obligations and contract renewals to avoid penalties or unintended auto-renewals.
- Mitigating Contractual Risk: Proactively identify and manage potential risks associated with unfulfilled obligations, ensuring compliance and reducing legal exposure.
- Ensuring Regulatory Compliance: Monitor adherence to contractual terms and regulatory requirements, especially in highly regulated industries, to maintain legal standing.
- Optimizing Contract Performance: Gain insights into obligation fulfillment rates and identify opportunities to improve contract terms and business outcomes.
- Streamlining Post-Award Contract Management: Automate the post-signature phase of contracts by extracting obligations and assigning tasks, improving operational efficiency.
Features
Visibility
- Real-time Dashboards: Easily review and monitor contract obligation data and status through configurable dashboards.
- Obligation Tracking: Track the status, deadlines, and responsible parties for all contractual obligations.
Intelligence
- AI-Powered Obligation Extraction: Automatically identify and extract key obligations, terms, and deadlines from contracts using advanced AI.
- Risk Identification: Proactively identify and mitigate risks associated with unfulfilled or upcoming contractual obligations.
- Renewal Management: Leverage AI to prevent missed auto-renewals and optimize contract terms.
Technical Specifications
- Deployment
- SaaS
- API Available
- Yes
Infrastructure
- AWS
Integrations
- Salesforce
- Microsoft
- Workday
- Google Docs
Security & Compliance
Certifications: SOC 2 Type 2, GDPR, EU AI Act
Encryption: Robust encryption for sensitive contract data, both in transit and at rest.
Pricing
- Starting Price
- Contact sales
- Target Customer
- Enterprise
About Agiloft CLM
Agiloft is a global leader in data-first Contract Lifecycle Management (CLM) software, providing a no-code platform with AI on the Inside™ to automate contract processes, reduce risk, and accelerate approvals. Its Data-first Agreement Platform (DAP) transforms contracts into strategic, data-rich assets, integrating with over 1,000 business systems for legal, procurement, and sales teams.