Discovering the Impact of Knowable's AI Innovations in Contracts
Transforming Contract Management with Ask Knowable
In today's fast-paced business world, organizations are always on the lookout for innovative solutions to enhance their efficiency and decision-making capabilities. Enter Knowable, a remarkable leader in enterprise contract intelligence, which has recently launched its cutting-edge AI suite known as "Ask Knowable". This suite is designed to dramatically change the way companies interact with their contracts, making the process smoother and more intuitive.
What is Ask Knowable?
Ask Knowable represents a significant leap forward in the realm of contract management. Integrated seamlessly with Knowable's advanced contract management platform, this AI suite makes use of sophisticated natural language processing and generative AI technology. It is specifically designed to extract actionable insights from signed agreements quickly and securely, enabling professionals to navigate their contract portfolios with ease.
The Core Features of Ask Knowable
The powerful features of Ask Knowable are set to redefine the contract management landscape.
- AI Contract Search: This feature allows users to find specific contracts using conversational prompts. No more tedious searches through complex filters or requiring specialized data modeling knowledge.
- AI Contract Summaries: Get the vital terms and obligations of individual agreements or entire contract families quickly through AI-generated summaries.
- AI Chat: Users can engage directly with advanced generative AI to get precise answers to their queries. This includes understanding how contract terms evolve across interrelated agreements, thanks to Knowable’s proprietary family mapping technology.
The Vision Behind Ask Knowable
Nik Reed, the CEO of Knowable, emphasizes the importance of this tool, stating, “Contracts professionals spend too much time searching for answers when they should focus on action. Ask Knowable is tailored to meet the real-world needs of contract management, allowing teams to make strategic decisions much faster.” This focus on efficiency could well be transformative for organizations who rely heavily on contract data.
Collaboration with LexisNexis
The introduction of Ask Knowable aligns closely with LexisNexis's recent release of Protégé™, a personalized, private legal AI assistant aimed at assisting professionals in quick, informed decision-making. What sets Ask Knowable apart is its integration of security and privacy measures, ensuring that sensitive data remains protected while still being easily accessible.
Testimonials from Industry Leaders
Industry feedback has already shown the positive impact of Ask Knowable. Julie Chapman, VP & Head of Legal at LexisNexis North America, shared her insights, stating, "The AI contract suite from Knowable, built on advanced technology and structured contract data, enables our team to get answers faster and with increased confidence."
Availability and Future Outlook
Currently, Ask Knowable is part of Knowable's subscription plans, making it accessible for organizations looking to enhance their contract management processes. Knowable is actively demonstrating the capabilities of the Ask Knowable suite, showcasing live demos that highlight its user-friendly features at various industry conferences.
As this innovative tool gains traction, organizations are expected to experience significant improvements in how they manage and oversee their contracts. By tapping into the latest advancements in AI technology, Knowable is set to lead the charge in transforming the contract management landscape.
Frequently Asked Questions
What is Ask Knowable?
Ask Knowable is an AI suite launched by Knowable designed to improve contract management by providing quick and actionable insights from contracts using natural language processing.
How does Ask Knowable enhance contract searches?
It offers an intuitive AI Contract Search feature that enables users to locate contracts using conversational prompts, simplifying the search process.
What security measures are included in Ask Knowable?
Ask Knowable employs rigorous security and privacy measures, utilizing the principles from LexisNexis’s Protégé™ to safeguard user data and interactions.
Can organizations get previews of Ask Knowable?
Yes, Knowable is offering exclusive previews of the Ask Knowable suite as part of its showcasing at industry conferences.
Who benefits from using Ask Knowable?
Contracts professionals and organizations looking to streamline their contract management processes will benefit significantly from the capabilities offered by Ask Knowable.
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