Acretiv.ai

Our Services

Learn More

Contract Harmonization - Templates vs. Contracts

Our platform streamlines and standardizes contract management, ensuring consistency, compliance, and efficiency. We simplify contract management, reduce risks, and enhance operational efficiency—allowing your team to focus on strategic business priorities.

A black and white icon of a brain with circuits coming out of it.

Standardized Contract Templates

Provides a library of approved templates to ensure consistency in language, terms, and conditions across contracts – both first party and third party.

A black and white icon of a brain with circuits coming out of it.

Centralized Repository

offers a single location for storing all contract templates, making it easy to access, manage and review templates. 

A black and white icon of a brain with circuits coming out of it.

Automated Clause Library

Includes a repository of standardized clauses that can be easily inserted into contracts to ensure compliance and consistency.

A black and white icon of a brain with circuits coming out of it.

Version Control & Tracking

Maintains a history of contract template revisions and edits, allowing users to track changes and revert to previous versions of templates if necessary, all through the power of MS Word plug-in.

A black and white icon of a brain with circuits coming out of it.

Collaboration Tools

Facilitates real-time collaboration among stakeholders, enabling them to review, comment, and edit templates collectively.

A black and white icon of a brain with circuits coming out of it.

Search & Filter Functionality

Allows users to quickly locate specific contracts or clauses using keyword searches or filters.

A black and white icon of a brain with circuits coming out of it.

Risk Assessment Tools

Identifies potential risks and compliance issues within templates, helping organizations address these areas proactively.

A black and white icon of a brain with circuits coming out of it.

Automated Notifications

Sends alerts for changes to templates for compliance and timely action.

A black and white icon of a brain with circuits coming out of it.

Integration with Other Systems

Connects with existing business systems (such as Procurement, CLM. CRM, ERP, or document management systems) to streamline processes and data flow while ensuring the proper templates are used.

A black and white icon of a brain with circuits coming out of it.

Analytics & Reporting

Provides insights into contract performance, compliance status, and areas for improvement through data analysis and reporting tools.

Learn More

AI Adaptive Contract Assembly - No more Rigid Templates.

Say goodbye to rigid templates and manual drafting. Our AI Contract Assembly solution uses advanced configuration to dynamically generate contracts tailored to the specific product or service being procured — all without relying on prebuilt templates or siloed AI generated templates - this is a full platform for contract assembly across your organization.

A black and white icon of a brain with circuits coming out of it.

Intelligent, Flexible, and Fast

Designed with procurement teams in mind, this solution empowers users to create precise, compliant contracts in real time. Whether you’re buying software, hardware, services, or supplies, our system understands the context and builds the right contract—on the fly.

A black and white icon of a brain with circuits coming out of it.

Seamless Microsoft Word Integration

Work where you’re most comfortable. With direct integration into Microsoft Word, your team can generate, edit, and collaborate on contracts within the tools they already use—no retraining or clunky interfaces required. Two different options for unique Word integration (Com add in or Java script) you can handle all security requirements.

A black and white icon of a brain with circuits coming out of it.

Effortless Procurement System Integration

Meant to work automatically with your current and future procurement and CLM systems, we have built this dynamic contract assembly system to leverage your Ariba, Coupa, or iCertis systems. You don't have to change your system of records so the addition of this functionality is "accretive" to your business.

Why It Matters

  • Save Time: Generate fully tailored contracts in minutes, not days.
  • Ensure Compliance: system ensures the right terms, clauses, and language are used every time.
  • Reduce Legal Review Time: Contracts come out clean, consistent, and aligned with organizational standards.
  • Save Money: Starting with the right contract shortens legal costs and shortens the procurement process which allows projects to start faster.
  • Procurement-Aligned: Tailored to the specifics of what you’re buying—automatically.
  • More Accurate Contract Data Parsing:  Assembly from a structured platform, enables detailed extraction, collection, and analysis of contract data. 
  • Increase Control & Visibility: Ensure your procurement process always supports organizational goals and minimizes risk.

Smarter Contracts, Stronger Procurement

With dynamic contract generation, your procurement team becomes faster, more accurate, and more strategic. No templates. No guesswork. Just better contracts.

Learn More

Insights & Analytics

Unlock the full potential of your contracts with data-driven insights that enhance decision-making, optimize costs, and mitigate risks.

A black and white icon of a brain with circuits coming out of it.

Performance Metrics

Analyze key performance indicators (KPIs) such as contract compliance, renewal rates, and financial outcomes to evaluate the effectiveness of contracts.

A black and white icon of a brain with circuits coming out of it.

Risk Identification

Utilize analytics to identify potential risks, such as unfavorable terms or compliance issues, enabling proactive management and mitigation strategies.

A black and white icon of a brain with circuits coming out of it.

Trend Analysis

Examine historical data across multiple contracts to identify patterns and trends, helping businesses make informed predictions and improve future negotiations.

A black and white icon of a brain with circuits coming out of it.

Cost Optimization

Gain insights into pricing structures and payment terms to identify areas for cost savings or renegotiation opportunities.

A black and white icon of a brain with circuits coming out of it.

Obligation Management

Track obligations and milestones within contracts to ensure compliance and timely execution of responsibilities, reducing the risk of penalties or disputes.

A black and white icon of a brain with circuits coming out of it.

Supplier & Vendor Performance

Analyze contracts with suppliers and vendors to assess performance metrics, fostering better relationships and negotiation strategies.

A black and white icon of a brain with circuits coming out of it.

Benchmarking

Compare contract terms and performance against industry standards or competitors, allowing businesses to align their practices with best-in-class benchmarks.

A black and white icon of a brain with circuits coming out of it.

Visualization Tools

Use data visualization tools to present complex data in an understandable format, enhancing communication and facilitating strategic discussions.

A black and white icon of a brain with circuits coming out of it.

Automated Reporting

Generate reports on contract performance, risks, and opportunities at the click of a button, saving time and ensuring stakeholders have access to critical information.

Learn More

Financial Optimization

Maximize Cost Efficiency & Improve Contract Financial Performance

Acretiv.ai helps businesses optimize financial metrics within contracts, ensuring cost-effective agreements and strategic financial management. By leveraging AI-driven insights, organizations can uncover hidden savings, enhance financial forecasting, and minimize financial risks.

GET IN TOUCH

Learn More

Checklists & Playbooks

Acretiv.ai helps your company create tailored checklists and playbooks based on industry best practices and your historical contracts. By leveraging what has worked well and identifying areas for improvement, we ensure a structured, efficient, and AI-driven approach to contract negotiations.

A black and white icon of a brain with circuits coming out of it.

Define Objectives

Establish clear goals for contract harmonization, focusing on efficiency, compliance, and risk management.

A black and white icon of a brain with circuits coming out of it.

Analyze Current Processes

Identify pain points and opportunities for AI-driven improvements in contract workflows.

A black and white icon of a brain with circuits coming out of it.

Engage Stakeholders

Collaborate with legal, compliance, and procurement teams to ensure alignment with organizational needs.

A black and white icon of a brain with circuits coming out of it.

Develop Checklist Frameworks

Standardize essential tasks, including AI data preparation, clause management, and compliance checks.

A black and white icon of a brain with circuits coming out of it.

Create Playbooks

Provide step-by-step guides for AI-powered contract review, negotiation best practices, and troubleshooting.

A black and white icon of a brain with circuits coming out of it.

Incorporate AI Capabilities

Utilize AI-driven features like automated clause extraction, risk identification, and performance analytics.

A black and white icon of a brain with circuits coming out of it.

Test and Refine

Pilot checklists with small teams, gather feedback, and adjust for maximum effectiveness.

A black and white icon of a brain with circuits coming out of it.

Train Users

Equip stakeholders with the knowledge to leverage AI-driven tools effectively.

A black and white icon of a brain with circuits coming out of it.

Monitor and Update

Continuously improve checklists and playbooks to adapt to industry trends, regulatory changes, and AI advancements.

Learn More

Data Integration & Harmonization

Systems run on data but the sources are varied and difficult to get consistent. Without the right data, you can't add new customers to your platform or drive the efficiencies that your business demands. With over ten years experience in harmonizing data and contracts, Acretiv is able to apply our AI first platform to harmonize your data from multiple sources.

A black and white icon of a brain with circuits coming out of it.

Data integration tools

A browser based solution that users import disparate data to allow the AI to harmonize

A black and white icon of a brain with circuits coming out of it.

Data review tools

Easy to use tools that prompt users to review discrepancies and resolve issues/errors quickly

A black and white icon of a brain with circuits coming out of it.

Import tools

Multiple formats are prepared to import the harmonized data into your business systems

A black and white icon of a brain with circuits coming out of it.

Three-tier system or Hybrid sales systems

Perfect for companies that have data sources to run their business from multiple companies and customers