CLM AI by Conga

CLM AI

by Conga
  (Previously known as  Conga)

Acquired by Contract Wrangler on Aug 17, 2021


Overview

Key Features and Functions include:

Contract Ingestion & Data Extraction

  • Bulk import contracts in various formats (PDF, Word, scanned documents, third-party agreements), enabling consolidated contract repositories across legacy and external documents.

  • Automated AI/ML-driven extraction of critical contract data — terms, clauses, obligations, dates, metadata — without manual input, turning static documents into structured, searchable assets.

  • Support for custom AI models (no manual training required) and coverage of 1,350+ provisions across multiple languages, allowing adaptation to a variety of contract types and jurisdictions.

AI-Powered Analysis, Risk Assessment & Compliance

  • Automatic identification and flagging of high-risk clauses, deviations from standard language, compliance issues, and obligations such as renewal or performance triggers.

  • Instant contract summarization, Q&A (“contract-copilot” functionality), and extraction of business intelligence — for example, visibility into revenue opportunities, cost-savings, or contractual obligations across a portfolio.

  • Customizable compliance checks and the ability to answer bespoke compliance- or obligation-related queries across large contract sets.

End-to-End CLM Workflow — From Draft to Renewal

  • Integration of AI capabilities into full CLM workflows: template and clause libraries, automated contract authoring, negotiation support, version control, approval routing, e-signature support, and audit-trail tracking.

  • Real-time collaboration and clause-library management, enabling consistency of language across contracts and centralized governance of templates and approved clauses.

  • Automated metadata tracking, obligation monitoring, renewal alerts, and visibility into contract hierarchy (parent/child agreements, amendments, derivatives), enabling comprehensive lifecycle oversight.

Scalability, Integration & Platform Support

  • Built on the cloud and integrated into the wider Conga Revenue Lifecycle Platform, making it scalable for enterprises, capable of handling high-volume contract workflows across departments (legal, sales, procurement, finance)

  • Compatible with other Conga tools (e.g., document automation, CPQ, e-signature), enabling seamless integration across quote-to-cash and revenue management processes.

Historical Background

  • The roots of Conga CLM AI trace back to Contract Wrangler, a specialized AI/ML-driven platform for contract ingestion and clause extraction.

  • On August 17, 2021, Conga acquired Contract Wrangler, integrating its technology and renaming the product as Conga Contract Intelligence.

  • The acquisition was part of Conga’s strategy to provide a “complete contract and lifecycle management” capability — combining AI-based contract intelligence with traditional CLM workflows.

  • Over time, the solution evolved into what is now marketed as Conga CLM AI, embedding AI-enabled ingestion, analysis, and contract-lifecycle tools into a unified, cloud-based offering.

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HEADQUARTERS
US
LANGUAGES
English
OFFICES
US
X-Twitter
YEAR FOUNDED
2016
REGIONS SERVED
North America,
Global
Areas of Use
TARGET AUDIENCE
Corporate Legal

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