Agiloft, a leader in data-first contract lifecycle management (CLM), announced the advancement of the Agiloft Data-first Agreement Platform with the integration of Screens, a leading AI-powered contract review technology. This integration marks a significant step forward in Agiloft’s commitment to delivering expert-crafted AI at every stage of the contract lifecycle, seamlessly integrated to enhance efficiency, accelerate business, and improve visibility – all included within the Agiloft base package. As the only no-code CLM with AI on the inside™, this AI-inclusive model enables organizations with the agility to transform their business by growing revenues faster, reducing operating costs, and minimizing business risks.
Agiloft customers now have access to the playbook-based AI contract review and redlining solutions pioneered by Screens, Inc., which was acquired by Agiloft in December 2024 with the goal of making its benefits available to all Agiloft customers as quickly as possible. Screens’ technology empowers companies to accelerate contract review and negotiation processes, mitigate risks, and extract valuable insights from complex documents with unprecedented ease and efficiency. Launched in early 2024 by a team of lawyers and machine learning experts, Screens was the first company in the contract review space to publish publicly auditable benchmarks showing overall AI accuracy on a wide variety of complex contract review and redlining tasks clocking in at 97.5%.
“Screens makes it easy for companies to extract virtually any type of data from their contracts quickly, accurately, and at scale” said Andy Wishart, CPO at Agiloft. “Integrating Screens into Agiloft enables customers to use that data in infinite ways, whether it’s building workflows or piping the data into hundreds of other systems Agiloft integrates with. The combination makes AI on the inside a fundamental underpinning of Agiloft’s strategy and delivers unprecedented value to customers.”
Unlike other solutions that take a black-box approach to AI, obscuring the processes by which automated decisions are made, Agiloft employs white-box methods, which ensure transparent sources, operations and human control. A significant advantage for legal and contracting teams, Agiloft’s platform incorporates powerful agents, which can be edited, created and deployed by customers using the unique Prompt Lab. These GenAI actions go beyond simple automation, providing actionable insights and intelligent decision-making throughout the contracting process.
With AI fully embedded in its core platform, Agiloft enables organizations to accelerate contract cycle times by up to 80 percent, reduce operational costs, and identify hidden risks. Uniquely in the industry, these transformational capabilities are provided as a core part of the CLM solution, weaving AI into every step of the contract lifecycle.
Agiloft’s fully AI-enhanced CLM solutions revolutionize business through smarter, connected contracting to drive intelligent strategies, faster decision-making, and game-changing competitive advantage. Key features include:
- Quicker, market data-informed contract reviews with expert-crafted AI-powered playbooks
- Seamless contract data extraction with pre-built AI model
- Advanced GenAI search with Ask AI
- GenAI-powered automation of routine contracting tasks with Prompt Lab
“Organizations are increasingly looking for solutions that do more than just streamline contract workflows; they want platforms that drive strategic value,” said Andy Wishart, Chief Product Officer at Agiloft. “With this new benchmark of AI at the core of our CLM platform, we are modernizing the organizational approach to contracts by providing data-rich assets and processes so legal teams can drive revenue, cut costs, and reduce risk by actively collaborating across their organizations.” Gartner’s recent market research indicates that over 70 percent of legal leaders plan to implement or expand the use of generative AI within their departments over the next two years. Agiloft’s fully AI-enhanced CLM solution positions the company to meet this demand, providing a solution with AI at its core, that delivers operational efficiency and a strategic edge in an increasingly competitive landscape.
“Agiloft’s AI-driven CLM solution, combined with Screens’ powerful contract review and redlining capabilities, represents a true leap forward for legal teams,” added Wishart. “We are excited to give legal leaders the opportunity to be the first to experience this transformative technology to enhance their contracting workflows with unprecedented speed and accuracy at the upcoming CLOC Global Institute.”
