Acretiv.ai

Key Features and Functions include:

Contract Harmonization & Template Management

• Maintains a centralized repository for all approved contract templates and standardized clauses to ensure consistency across first- and third-party agreements. 

• Supports version control and tracking, allowing users to view and revert template edits, facilitating better template lifecycle management.

• Offers search and filtering tools to quickly locate specific contracts or clauses.

• Provides collaboration tools for stakeholders to jointly review, comment, and update templates.

• Includes risk-assessment functionality to flag potential compliance issues or unfavorable clause usage.

Adaptive Contract Assembly

• Uses AI-driven assembly to generate tailored contracts dynamically — without reliance on rigid, prebuilt templates — based on the specific product or service being procured. 

• Integrates with widely used procurement, contract lifecycle management (CLM), or enterprise systems such as ERP, CRM or procurement platforms, enabling seamless adoption without replacing existing systems.

• Supports direct integration with Microsoft Word (via add-in or JavaScript), allowing users to draft, edit, and collaborate on contracts within familiar tools.

Insights & Analytics

• Provides contract-level analytics, including key performance indicators (KPIs) such as compliance rates, renewal likelihood, obligation tracking, and vendor/supplier performance.

• Enables trend analysis across historical contracts to identify patterns and potential risks or opportunities in contracting terms.

• Offers cost and financial-optimization analytics to identify pricing trends, payment-term efficiencies, and potential savings or cost-avoidance opportunities.

• Supports visualization and automated reporting of contract data, obligations, risk exposures, and financial metrics to inform decision-making and strategic planning. 

Checklists & Playbooks

• Allows organizations to define standardized contracting processes — combining AI-driven clause assembly with industry best-practice playbooks and custom checklists derived from historical contracts.

• Facilitates stakeholder alignment across legal, procurement, and business units through shared playbooks and structured workflows.

Data Integration & Harmonization

• Enables import of disparate data sources and harmonizes data to ensure consistency and integrity across business systems.

• Provides tools for data review and discrepancy resolution to support accurate contract analytics and automated processes.

• Supports multi-company or multi-customer architectures (such as hybrid sales systems), facilitating scalable contract management across complex organizational structures