#USA #Austin #Concord #contract management #Horizon AI

Concord Launches Horizon: A New Era in Contract Management

In a significant move towards transforming traditional contract management, Concord has unveiled its latest innovation: the Horizon AI Contract Platform. This new conversational intelligence platform empowers users to interact with and manage contracts simply by asking questions, rather than through complex software navigation. With this tool, businesses can simplify and enhance their contract management processes significantly.

A Groundbreaking Approach

Horizon is fundamentally different from conventional contract lifecycle management (CLM) systems. Built on an AI-first architecture, it facilitates natural language interactions, allowing teams to query contracts and execute actions in a conversational manner. The integration with tools like ChatGPT and Claude exemplifies this, enabling users to access contract data seamlessly within the environments they are already familiar with.

What Sets Horizon Apart?

In a live demonstration, the Chief Financial Officer of a notable company utilized Horizon to ask, “Show all my contracts renewing for more than $200K this quarter.” Within moments, the platform processed the entire contract repository, performing complex data extraction and analysis that would ordinarily take days of laborious work.

According to Matt Lhoumeau, CEO of Concord, “Contract management has been trapped in the point-and-click era, while the rest of business software evolves toward conversational AI.” Horizon substantially reduces the time and training necessary for stakeholders, as anyone—be it a CFO preparing financial presentations or a legal team conducting compliance audits—can retrieve information simply by conversing with the platform.

Breaking Down Barriers

One of the persistent challenges in enterprise contract management has been the inaccessibility of contract data, often locked away in software demanding specialized training just to navigate. Horizon's user-friendly approach removes these barriers. Any team member can now access vital intelligence by merely phrasing their questions in everyday language, ensuring that contract insights are available to all relevant stakeholders.

Seamless Integration with Existing Tools

Horizon’s architecture enables it to integrate seamlessly with existing AI tools through the Model Context Protocol (MCP). This means that users can generate reports, perform queries, and surface specific contract terms directly within their daily used AI applications, thus avoiding the inefficiencies associated with switching contexts or learning new systems.

In contrast, traditional CLM platforms focus heavily on pre-signature automation and necessitate complex API integrations, which can often require extensive technical resources to implement. Horizon flips this paradigm on its head, leading the charge towards a future where natural language processing becomes the standard interface for contract management software.

A Service for All

Concord, which proudly supports a diverse portfolio of over 1,500 companies and serves approximately one million users globally, makes Horizon available for its customers starting today. The company’s commitment to leveraging technology for smarter business practices is evident in how Horizon enhances contract accessibility and management sophistication.

Conclusion

As businesses evolve, the need for intuitive and agile solutions becomes paramount. Concord’s Horizon is not just a tool—it's a step towards a future where engaging with contracts is as natural as having a conversation. For more details on this innovative platform and to see it in action, visit concord.app.

This launch signifies an exciting development in contract intelligence, setting a new benchmark for how companies engage with their contractual agreements. Horizon looks poised to change the landscape of contract management, allowing organizations to harness the intelligence locked within their agreements like never before.