In a major technological breakthrough, IntelAgree has unveiled its latest feature, Saige Assist: Markup, revolutionizing how organizations manage contracts using artificial intelligence. This feature is designed to streamline the arduous process of contract management and data extraction, allowing users to identify key information within contract documents promptly—the only requirement being a simple name and description.
For years, companies have struggled with traditional machine learning methods in contract management. These conventional systems often demand extensive amounts of time and resources to train models accurately. The results, unfortunately, included delays and a lack of adaptability to unique contract scenarios. However, Saige Assist: Markup changes the game by enabling users to develop custom attributes tailored specifically to their industry’s needs, which allows for faster implementation and a more precise data extraction process.
According to Michael Schachter, Director of Product Management at IntelAgree, "The introduction of Saige Assist Markup signifies a pivotal shift in contract management. Organizations can now bypass the lengthy model training phase and immediately apply AI to extract critical data, tailored to their unique contractual requirements." This capability means that companies no longer have to settle for generic AI solutions that often miss the nuanced details pertinent to their business operations.
Tailored Solutions for Various Industries
The innovation doesn't stop there. The introduction of Saige Assist: Markup is complemented by Saige Assist: Bulk Markup, which allows users to manage multiple types of contracts—including Master Service Agreements (MSAs), Non-Disclosure Agreements (NDAs), and supplier contracts—all in one go. Users are now able to automate the markup process across various contracts seamlessly, allowing for enhanced consistency and comprehensive data extraction.
The bulk version minimizes manual efforts, freeing teams to focus on strategic tasks that require human intelligence. This efficiency is vital in today’s business landscape, where time is often equated with money. Therefore, organizations adopting these innovative tools can expect a significant boost in productivity and a decrease in errors typically associated with traditional contract management models.
A Future-Forward Perspective
As AI continues to gain traction across industries, analysts anticipate that by 2027, half of all procurement contract management activities will be AI-enabled. This indication makes the launch of Saige Assist: Markup incredibly timely, positioning IntelAgree as a leader in this transformative shift. With its capacity to extract critical data rapidly without the need for conventional training, IntelAgree illustrates its commitment to fostering innovation that meets the dynamic requirements of modern businesses.
Moreover, by aligning Saige Assist: Markup with the evolving trends in AI’s application in contract management, IntelAgree is not only meeting current demands but setting a benchmark for future developments in the field.
About IntelAgree
IntelAgree is recognized as a leader in AI-driven contract lifecycle management (CLM). The platform provides enterprise teams with advanced tools to elevate their contract management processes, integrating an array of features designed to identify, extract, and analyze contract document text efficiently. Trusted by industry giants, including major sports teams and Fortune 500 companies, IntelAgree is revolutionizing the contracting landscape, helping teams transition from busy work to impactful innovations. For additional information, visit
IntelAgree's website.