AI powered Contract Automation Sotware

Ultria Orbit Guide, integrated with Ultria CLM enables faster authoringand automates metadata extraction.  This saves time, reduces manual data entry, and imprioves compliance from the start.

Simplifying Contract Requests

AI driven Wizard for New Contract Requests Intake and Self-Service for well defned agreements

Reduce the turn around time and increase accuracy of best first drafts

Provide template suggestions based on prepopulated data submitted by requestor

Accurately extract from 3rd party and/or scanned contracts

Built-In Support for loading external agrements as part of intake process when a 3rd party agreement is used as the baseline

Unmatched accuracy and speed supplemented with NLP algorithms and OCR integrations

Suggestions on alternative, missing and fallback clauses based on comparison with defined standards

Extract Metadata and Process External Contracts Effectively

Process the external contracts quickly through an intuitive request intake portal.

Engage your attorneys and legal operations team to process external or third-party contracts appropriately based on contract information

Eliminate manual errors by extracting and populating the contract metadata like contract titles, effective start/end date, currency, contracting parties, and more automatically

Ultimately improve your contract cycle-time i.e., review, negotiation, and approval process of external contracts

With Ultria’s AI Orbit Guide, integrated in-house legal teams, Sales, and Procurement functions can:

Improve the contracts intake for new contracts which leads to faster customer or vendor onboarding.
Speed-up the authoring by guiding paralegal or junior lawyers to run a checklist before stakeholder’s review.
Process the contract to bring it to corporate standards for faster authoring – for MSAs, SOW and other agreements.
Bring your legacy and third-party contracts to life with compliance in check.

Transform your Contract Management with Ultria Orbit Guide.

Learn more about AI application for your post-signature contracting process – schedule a free demo of Ultria Orbit Guide today!

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TECH BEHIND ORBIT

Machine learning (ML) is an application of AI that provides systems ability to automatically learn & improve from experience

Machine Learning takes input from qualified users in the form of feedback and through software algorithms – adjusts the performance of the AI Engines to incorporate, or learn from, this feedback. ML allows “citizen scientists” rather than data scientists to adjust the behavior of Artificial Intelligence programs.

Semantic analysis helps cluster similar articles by comprehending the connection between different content and simplifies interpretation by disregarding low-value text content. The semantic analysis helps derive meaning from content.

NLP is the ability of software to identify a human’s approach to text and interpret it

While everyday communications are usually comprised of commonly understood language, contracts, on the other hand, follow a different model. For instance, a contract between enterprises in different countries dealing with advanced surveillance hardware would probably require very particular and very uncommon language.

NLP can be applied when a contract is drafted. It can also be used on existing documents to analyze and categorize attributes. NLP considers the context of the attribute by the language of a contract document, increasing accuracy.

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