Precisely

Key Features of Precisely include:

Templates
Precisely allows users to create and manage standardized templates for various contract types. These templates support clause libraries, predefined variables, and business rule automation, reducing drafting time and ensuring consistency and compliance across documents.

Drafting
The platform offers guided, automated contract drafting. Users can generate documents using a questionnaire-style interface that auto-populates content based on input, minimizing manual editing and legal risk.

Collaboration
Precisely supports real-time collaboration both internally and with external parties. Version control, commenting, and redlining tools are built in to streamline the negotiation process and track changes across users.

Approvals
Customizable approval workflows enable organizations to route contracts through the appropriate stakeholders based on contract type, value, or department. Automated reminders and status tracking help prevent bottlenecks.

eSignatures
Integrated electronic signature functionality allows users to execute contracts within the platform using secure, legally compliant methods. Precisely supports both internal and third-party e-signature tools.

Smart Archive
Precisely includes a searchable, structured contract repository. Metadata tagging and advanced filters make it easy to locate and audit contracts. The system supports centralized access control and retention policies.

Precisely AI
The AI functionality includes features for contract intake, data extraction, and analysis. Precisely AI helps users identify key terms, obligations, and anomalies within contracts, supporting risk management and operational insights.