Zefort, formerly known as Aivan.ai, is a Finland-based tech company that provides an AI-powered contract management solution. The company was founded in 2017, and was rebranded in 2023. Zefort represents "zero-effort contract management solution".
Zefort is designed to serve businesses of all sizes across various industries, with a particular focus on legal and contract management departments. The platform aims to streamline and simplify contract management processes, facilitating contract archiving, searching, and tracking. Technically, Zefort offers capabilities such as secure contract storage, smart search features, and automatic contract metadata extraction using AI. The platform supports a wide range of file types and offers a user-friendly interface.
Zefort differentiates itself from competitors through its AI capabilities, which automate many manual contract management tasks. The system can automatically recognize and classify different contract types and extract key details. In May 2023, Zefort announced a ChatGPT integration as part of its service, powered through Microsoft Azure's OpenAI service. For example, users can ask ChatGPT to ask questions regarding the contract, generate executive summaries, analyse the contract for potential liabilities and much more. Zefort guarantees that no data is stored outside the EU. In addition, the data sent to ChatGPT will not be stored permanently or used to teach ChatGPT’s AI model.
