Acretiv.ai
Our Services
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Insights & Analytics
Unlock the full potential of your contracts with data-driven insights that enhance decision-making, optimize costs, and mitigate risks.
Performance Metrics
Analyze key performance indicators (KPIs) such as contract compliance, renewal rates, and financial outcomes to evaluate the effectiveness of contracts.
Risk Identification
Utilize analytics to identify potential risks, such as unfavorable terms or compliance issues, enabling proactive management and mitigation strategies.
Trend Analysis
Examine historical data across multiple contracts to identify patterns and trends, helping businesses make informed predictions and improve future negotiations.
Cost Optimization
Gain insights into pricing structures and payment terms to identify areas for cost savings or renegotiation opportunities.
Obligation Management
Track obligations and milestones within contracts to ensure compliance and timely execution of responsibilities, reducing the risk of penalties or disputes.
Supplier & Vendor Performance
Analyze contracts with suppliers and vendors to assess performance metrics, fostering better relationships and negotiation strategies.
Benchmarking
Compare contract terms and performance against industry standards or competitors, allowing businesses to align their practices with best-in-class benchmarks.
Visualization Tools
Use data visualization tools to present complex data in an understandable format, enhancing communication and facilitating strategic discussions.
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.
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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.
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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.
Define Objectives
Establish clear goals for contract harmonization, focusing on efficiency, compliance, and risk management.
Analyze Current Processes
Identify pain points and opportunities for AI-driven improvements in contract workflows.
Engage Stakeholders
Collaborate with legal, compliance, and procurement teams to ensure alignment with organizational needs.
Develop Checklist Frameworks
Standardize essential tasks, including AI data preparation, clause management, and compliance checks.
Create Playbooks
Provide step-by-step guides for AI-powered contract review, negotiation best practices, and troubleshooting.
Incorporate AI Capabilities
Utilize AI-driven features like automated clause extraction, risk identification, and performance analytics.
Test and Refine
Pilot checklists with small teams, gather feedback, and adjust for maximum effectiveness.
Train Users
Equip stakeholders with the knowledge to leverage AI-driven tools effectively.
Monitor and Update
Continuously improve checklists and playbooks to adapt to industry trends, regulatory changes, and AI advancements.
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Adaptive Contract Assembly- No Templates Required
Say goodbye to rigid templates and manual drafting. Our 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.
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.
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.
Effortless Procurement System Integration
Meant to work automatically with your current and future procurement systems, we have built this dynamic contract assembly system to leverage your Ariba or Coupa 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.
- 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.
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Contract Harmonization
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.
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.
Centralized Repository
Offers a single location for storing all contracts, making it easy to access, manage, and review agreements.
Automated Clause Library
Includes a repository of standardized clauses that can be easily inserted into contracts to ensure compliance and consistency.
Version Control & Tracking
Maintains a history of contract revisions and edits, allowing users to track changes and revert to previous versions if necessary, all through the power of MS Word plug-in.
Collaboration Tools
Facilitates real-time collaboration among stakeholders, enabling them to review, comment, and edit contracts collectively.
Search & Filter Functionality
Allows users to quickly locate specific contracts or clauses using keyword searches or filters.
Risk Assessment Tools
Identifies potential risks and compliance issues within contracts, helping organizations address these areas proactively.
Automated Notifications
Sends reminders for key dates, such as renewals and obligations, to ensure timely action and compliance.
Integration with Other Systems
Connects with existing business systems (such as Procurement, CRM, ERP, or document management systems) to streamline processes and data flow.
Analytics & Reporting
Provides insights into contract performance, compliance status, and areas for improvement through data analysis and reporting tools.