Ontra launches contract negotiation tool
Ontra has launched Ontra Synapse, an AI tool that should speed up contract negotiations while decreasing their associated costs.
According to the company, the tool’s features include:
- Assessing an agreement’s complexity
- Scanning for relevant precedent
- Summarising contracts and analysing terms
- Integration with Ontra’s various SaaS offerings.
Ontra further stated that the tool speeds up contract negotiations by up to 50% and decreases their costs by up to 68%.
To facilitate this, it anonymises and aggregates the data gathered from the agreements Ontra has processed.
Profile: Ontra
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