Agiloft Revolutionizes Contract Lifecycle Management Through Advanced AI Technology

Agiloft has recently set new industry standards in contract lifecycle management (CLM) with the incorporation of innovative AI solutions in its Data-first Agreement Platform. Announced on April 15, 2025, this newly enhanced platform promises fully configurable AI capabilities that transform how organizations manage contracts from inception to completion.

Located in Redwood City, California, Agiloft is renowned for its commitment to leveraging data as a critical factor in CLM. The recent integration of Screens, a renowned technology in the realm of AI-powered contract reviews, elevates Agiloft's offerings. By merging the functionalities of Screens with its own platform, Agiloft delivers a pioneering AI solution that simplifies and accelerates various stages of the contract lifecycle.

Developed by a team comprising experienced lawyers and machine learning professionals, Screens debuted in early 2024, focusing on enhancing contract review speed and efficiency. This technology boasts an impressive 97.5% accuracy rate on complex contract tasks, providing organizations with significant time savings and risk mitigation. According to Andy Wishart, Chief Product Officer of Agiloft, integrating Screens capabilities enables companies to swiftly extract vital data and utilize it across various workflows, thus enhancing operational efficiency.

A unique aspect of Agiloft's approach lies in its adoption of a white-box methodology for AI capabilities. This approach contrasts sharply with the black-box methods prevalent in the sector; it promotes transparent processes, allowing users to understand and control how automated decisions are made. By empowering legal and contracting teams with powerful, user-editable agents, Agiloft ensures that clients have the required tools to manage contracts intelligently and effectively.

One of the standout features of Agiloft's platform is the Prompt Lab, where customers can easily create and deploy GenAI actions tailored to their unique needs. This functionality goes beyond mere automation by enabling organizations to gain actionable insights, thereby making smarter decisions at every stage of contract management. With AI integrated into its platform, Agiloft claims that users can expect up to 80% faster contract cycle times, highlighting a significant competitive advantage in an increasingly demanding market.

The industry shift towards generative AI solutions is evidenced by Gartner's research, which reveals that more than 70% of legal leaders plan to augment their operations with such technologies over the next two years. Agiloft's improved platform is poised to fulfill this demand, offering companies an AI-driven environment that fosters operational growth and a strategic edge.

Agiloft’s newly enhanced CLM solutions not only streamline workflows but also drive critical strategic value for organizations aiming to navigate complex contracting landscapes. With features like faster contract reviews informed by market data, automated extraction of contract data using pre-built AI models, and advanced GenAI search functionalities, businesses can expect smarter, more interconnected contracting processes.

As industry leaders look towards enhancing their operations, Agiloft’s AI-centric platform serves as a strong proposition for those seeking a competitive edge. With its integration of cutting-edge technology, Agiloft continues to lead the charge towards more efficient, data-rich contract management solutions. The commitment to customer satisfaction is evident through Agiloft's 96% customer renewal rate and its 100% satisfaction rating for implementations, ensuring that organizations derive significant value from the outset of their engagement.

As Agiloft prepares to showcase its advancements at the upcoming CLOC Global Institute, the anticipation surrounding its AI-assisted CLM solutions signals a transformative era for legal and business operations. By marrying technology with strategic insight, Agiloft is not only reshaping how contracts are managed but also setting a new standard for business intelligence in contract lifecycle management.

For more thorough insights on how Agiloft’s Data-first Agreement Platform can amplify your organization’s contract management efficacy, visit their website at agiloft.com.

And to stay updated on Agiloft’s participation and presentations at CLOC, check out agiloft.com/cloc.