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Persistent Systems Unveils ContractAssIst: Redefining Contract Management with AI

In a groundbreaking move for businesses struggling with contract management, Persistent Systems has introduced ContractAssIst, an innovative solution powered by Microsoft technologies. Launched on January 15, 2025, this AI-driven tool aims to streamline contract workflows, enhance collaboration, and significantly reduce operational complexities.

Persistent Systems, a leader in digital engineering and business modernization, recognizes that many organizations face challenges when it comes to tracking and managing extensive contracts with various suppliers. This often leads to inefficiencies and decreased productivity. Leveraging the robust ecosystem of Microsoft, which encompasses Microsoft 365 Copilot, Microsoft Teams, and advanced AI technologies, ContractAssIst emerges as a comprehensive contract management solution to address these issues.

With ContractAssIst, organizations can benefit from data being processed in a highly secure environment powered by Azure AI. The solution not only offers advanced search capabilities but also ensures compliance with internal and external regulations. By integrating with Microsoft 365 and Teams, it facilitates real-time collaboration and AI-assisted decision-making.

The tool employs state-of-the-art models like GPT-3.5 and GPT-4 via Azure OpenAI Service that enhance contract analysis through natural language processing. Additionally, observability tools such as Elastic and Application Insights ensure scalability and transparency, making ContractAssIst a holistic choice for enterprises seeking efficient contract management.

One of the standout features of ContractAssIst is its ability to consolidate workflow into a centralized dashboard within Microsoft Teams. Here, an AI-powered chatbot allows users to conduct conversational queries and receive intelligent suggestions in group chats, thereby minimizing delays and optimizing processes. Other notable features include real-time version tracking, contract comparison, instant notifications, and concise approval summaries.

What sets ContractAssIst apart from other solutions in the market is its deep integration with Microsoft technologies. Unlike other products that may rely on limited automation or standalone tools, ContractAssIst provides actionable insights that empower businesses to enhance their internal contract management and regulatory compliance. Its transparent workflows not only reduce risks but also enable firms to optimize operations and make informed decisions based on data.

Persistent Systems reports several key benefits from implementing ContractAssIst, including:

• - A staggering 95% reduction in communication overhead, primarily through decreased email interactions.
• - Enhanced productivity, as users save 20 to 25 minutes each day from navigational simplifications and optimized workflows.
• - Significant cost savings by cutting down on annual licensing expenses.

Sandeep Kalra, CEO of Persistent, emphasized the company's AI-focused approach as crucial for addressing complex business challenges with practical and scalable solutions. He stated, “ContractAssIst, developed in collaboration with Microsoft, showcases how we leverage innovative technologies to reimagine labor-intensive tasks like contract management. This solution reflects our long-standing partnership with Microsoft and our shared vision of harnessing AI for measurable efficiency gains.”

Sangita Singh, General Manager of ITES at Microsoft India and South Asia, echoed this sentiment. She noted that their partnership harnesses the transformational power of AI to foster innovation across sectors, including contract management. “ContractAssIst, built on Microsoft Azure and powered by Microsoft 365 Copilot and Teams, merges Microsoft’s technology with Persistent’s platform-oriented approach, offering secure and efficient intelligent solutions. Together, we enable businesses worldwide to modernize operations and achieve operational excellence,” Singh stated.

Persistent Systems continues to uphold its commitment to innovation and sustainability. The company’s workforce of over 23,200 employees across 19 countries is dedicated to providing comprehensive services such as AI-driven software engineering, product development, data analytics, cloud computing, and intelligent automation. Additionally, Persistent has achieved carbon neutrality, reinforcing its dedication to responsible business practices.

With its brand value increasing by 327% since 2020, Persistent Systems is recognized as the fastest-growing IT services brand according to the 2024 Brand Finance India 100 report. As a proud participant in the United Nations Global Compact, Persistent is committed to aligning its strategies with universal principles regarding human rights, labor, environment, and anti-corruption to foster societal goals.

For businesses looking to optimize contract management, Persistent Systems' ContractAssIst is set to revolutionize workflow efficiency and cost management, paving the way for proactive business strategies in an ever-evolving digital landscape.