Press Release

App Orchid AI Platform v2.3

App Orchid Deploys Newest Version of ContractAI

Dynamic Contract Authoring improves user experience, governance and scalability.

Date: May 27, 2021  | Location: San Ramon, CA

App Orchid, a leading enterprise AI platform and solutions company, released its newest version (2.2) of its innovative contracting solution, ContractAI. In this release, significant enhancements were made in contract authoring. With the new state-of-the-art Contract Authoring functionality, procurement and legal teams can build context-appropriate contracts for deals using simple and innovative decision-tree-based dynamic questionnaires. This new functionality helps users manage templates efficiently, enables better governance, and increases contract scalability.

“We are very excited to release version 2.2 of ContractAI, where we have leveraged our App Orchid platform to make significant breakthroughs in the contract authoring process,” says Mike O’Brien, CPO and Head of ContractAI. “This not only helps complete our end-to-end CLM solution but is also a major improvement over what is in the market today.”

App Orchid has introduced the following new features in the ContractAI V2.2.0 release:

  • Global Decision Tree Landing Page – Access all decision tree templates quickly and track their status for convenient template and contract governance
  • Main Template Decision Tree – Assemble context-based contract content such as contract type, region, services, etc. automatically through intelligent decision tree-based dynamic authoring
  • Version Control of Decision Trees – Update template decision trees easily and manage version controls efficiently to ensure stable and accurate contract creation
  • New Deal Creation Wizard – Create deals quickly using a questionnaire-based contract creation wizard by attaching supplemental templates, exhibits, and amendments for improved scalability, consistency, and agility of your contracting process

To learn more about the new features in ContractAI V2.0 release, please visit contractai v2.2

To learn more about how ContractAI can help accelerate time to contract while reducing contracting risk, please visit contractai.apporchid.com

About App Orchid

The App Orchid platform helps enterprises build AI fueled apps. The App Orchid platform uses deep learning and natural language processing with business specific content delivered through knowledge graphs, to create powerful predictive apps. ContractAI, is an AI-powered SaaS-based solution that dramatically improves the analysis, creation and negotiation of contracts. ContractAI utilizes AI to automatically ingest and analyze historical contracts to author templates based on terms that were proven win-win. ContractAI eliminates the painful redlining process by giving suppliers vetted clause options. For more information please visit www.contractai.apporchid.com