10/29/2024 | News release | Distributed by Public on 10/29/2024 11:46
Intelligent Agreement Management (IAM) is a new category of AI-powered cloud software designed to connect and automate every step of agreement work. Learn more about the technology included in Docusign IAM and how it all fits together
here.IAM helps you:
Store agreements signed with eSignature in a central, searchable repository
Sort and filter agreements by party, key dates, dollar values and more
Find and access agreements and key terms with AI-powered data extractions
Why does agreement access and management matter?
Finding completed agreements and key terms in seconds helps you avoid missing deadlines, enhance compliance monitoring, and better understand the latest terms.
Increasing visibility into agreement data helps you uncover cost-saving and upsell opportunities, proactively engage clients or vendors, and make more informed decisions.
IAM solutions you'll need:Navigator, eSignature
It's too easy for a business agreement to go missing. With so many people and teams involved in creating, signing, and storing agreements, it's incredibly difficult for organizations to control the systems used in the process. Too often, after an agreement is completed, it is rushed into a general-purpose shared drive, moved to an employee's desktop, or left in an inbox. Later, when that agreement needs to be found and acted on, the document has seemingly disappeared.
When teams lose visibility into their completed agreements, the entire organization suffers. Business slows down, important deadlines are forgotten, and employees waste time looking for information that should be easy to find. All of this adds up to higher costs and lost value. Plus, all those disparate storage locations make it impossible to analyze agreement data to find insights and make more informed decisions. Not having quick access to details about your agreements can also damage your most strategic relationships and open you up to new risks.
Deloitte and Docusign conducted a study of the way modern teams handle the end-to-end agreement process and found that 62% of professionals struggle to locate and access completed contracts. Half of respondents said they lacked the tools to automate tracking and analytics and had to manually analyze contract data.
Docusign IAM solves agreement access and analysis problems with Navigator, the only agreement repository powered by AI. Navigator turns pages of static text into organized collections of data points that allow agreements and the data within to be surfaced in a user-friendly way. Since agreements are created, negotiated, signed, and stored without leaving IAM, there's no chance that they will go missing once they're completed.
End-users can search for agreements or key terms to find what they need right when they need it. When an agreement is going to auto-renew, Navigator notifies you. When you're not sure what the latest payment terms are for a particular client, Navigator shows you. When a regulatory change occurs and you need to find all agreements governed by Illinois law, Navigator helps with that too.
Because Navigator is part of the Docusign IAM platform, it is automatically synced with eSignature. Other legacy agreements can be uploaded in bulk. Navigator supports images of contracts and file types compatible with common business tools (Word, PowerPoint, Excel, etc). Once an agreement is uploaded the real magic happens. AI processes the agreement and extracts key data points so it can be centrally stored, searched, and analyzed. Navigator even comes with out-of-the-box reporting dashboards so your teams can uncover valuable insights from that rich data.
Navigator helps your team find agreements and documents that previously disappeared into a black hole. It drastically reduces the time your team spends looking for agreements. You can even use comprehensive search features to find a specific clause inside a document (or in multiple documents). It also gives your team dynamic data visualizations to help you answer questions about agreements you didn't even know you could ask.
See how Intelligent Agreement Management works with our free guided tour.