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Agiloft Launches Astra™: A Game Changer in Contract Management with AI

In an era where data and efficiency reign supreme, contracts are more pivotal than ever. Agiloft is stepping up to the plate with the introduction of Astra™, a groundbreaking AI platform designed specifically for legal, procurement, sales, and finance sectors. Announced recently from their base in Redwood City, California, Agiloft aims to democratize access to enterprise-grade contract analytics, offering a free tier that allows any organization to dive into the world of AI-powered contract management without the usual financial and procedural barriers.

Addressing Major Challenges in Contract Management

For many organizations, advanced contract management tools have been seen as an unaffordable luxury owing to high costs. Even with the growing need for comprehending and leveraging contractual data effectively, many businesses shy away due to budget constraints and concerns around data security. Agiloft's Astra tackles these challenges head-on. By offering a free tier, teams can start using AI to analyze contracts immediately, identifying risks and extracting vital insights without going through a lengthy procurement process or incurring significant expenses.

According to Otto Hanson, Agiloft's VP of Product and GM of Astra, "One of the biggest barriers to contract technology has always been access, and Astra is built to tear that down." The platform's design facilitates a user-friendly experience, enabling every team from any organization to utilize advanced contract analytics from day one.

The Astra Clean Data Promise

A significant concern for organizations contemplating new technologies is data security. Astra ensures that all customer data is strictly used to deliver the service and compliant with all applicable laws. Unlike numerous other AI providers, Agiloft isn’t leveraging data from free accounts to refine their models, ensuring robust protections for both free and paid users. This guarantee not only safeguards sensitive information but also builds trust among users.

Enhancements Across Key Functions

With Astra's sophisticated AI capabilities, users can transform raw contract data into structured insights, significantly enhancing risk management and compliance across various sectors:

• - Legal: Astra converts contract reviews into a real-time risk control system, adapting to the rapid evolution of regulations and compliance requirements.
• - Procurement: The platform identifies potential exposure in contracts early, allowing organizations to mitigate risks stemming from geopolitical issues and vendor instability.
• - Finance: Astra assists finance teams struggling with margin pressures by uncovering pricing discrepancies and preventing revenue loss across contracts.
• - Sales: By speeding up contract reviews and accelerating negotiations through AI-driven redlining, Astra empowers sales teams to finalize deals quickly.

Andy Wishart, Agiloft's Chief Product Officer, remarked, "With Astra, we're transforming how teams understand and act on contracts." This transformation allows organizations to cut down on repetitive tasks, enabling teams to focus on strategic priorities that drive return on investment.

The AI Future is Now

As sophisticated contract AI becomes a necessity in today's business landscape, accessibility and governance remain paramount. Agiloft's Astra bridges this gap effectively, presenting an entry point that directly addresses the pressing needs of legal, procurement, finance, and sales teams facing a complex regulatory environment.

Organizations can join the waitlist now for Astra's exclusive Early Access program at Agiloft's site to harness the next level of contracting solutions.

Agiloft will showcase Astra at the Corporate Legal Operations Consortium (CLOC) on May 11–14, 2026, offering attendees an opportunity to see the platform in action at booth #131. Don’t miss out on this opportunity to revolutionize how your organization handles contracts!

About Agiloft

Agiloft is a pioneering name in the realm of data-first contract lifecycle management (CLM), committed to aiding businesses in optimizing their operations. As the sole no-code platform featuring AI capabilities, Agiloft centralizes, automates, and governs every process associated with the contract lifecycle, ensuring organizations enjoy real-time visibility over their contractual obligations and rights. With investors like KKR, JMI Equity, and FTV Capital backing them, Agiloft boasts impeccable success rates in implementation and renewal, making them a trusted partner for numerous enterprises worldwide.