Agiloft Sets New Benchmark in Contract Lifecycle Management with Industry-first AI on the Inside™

The leader in CLM delivers fully configurable AI at every stage of the contract lifecycle, seamlessly enhancing efficiency and business performance

REDWOOD CITY, Calif., April 15, 2025 /PRNewswire/ -- Agiloft, a leader in data-first contract lifecycle management (CLM), today announced the advancement of the Agiloft Data-first Agreement Platform with the integration of Screens, a leading AI-powered contract review technology. This integration marks a significant step forward in Agiloft's commitment to delivering expert-crafted AI at every stage of the contract lifecycle, seamlessly integrated to enhance efficiency, accelerate business, and improve visibility – all included within the Agiloft base package. As the only no-code CLM with AI on the inside™, this AI-inclusive model enables organizations with the agility to transform their business by growing revenues faster, reducing operating costs, and minimizing business risks.

Agiloft customers now have access to the playbook-based AI contract review and redlining solutions pioneered by Screens, Inc., which was acquired by Agiloft in December 2024 with the goal of making its benefits available to all Agiloft customers as quickly as possible. Screens' technology empowers companies to accelerate contract review and negotiation processes, mitigate risks, and extract valuable insights from complex documents with unprecedented ease and efficiency. Launched in early 2024 by a team of lawyers and machine learning experts, Screens was the first company in the contract review space to publish publicly auditable benchmarks showing overall AI accuracy on a wide variety of complex contract review and redlining tasks clocking in at 97.5%.

"Screens makes it easy for companies to extract virtually any type of data from their contracts quickly, accurately, and at scale" said Andy Wishart, CPO at Agiloft. "Integrating Screens into Agiloft enables customers to use that data in infinite ways, whether it is building workflows or piping the data into hundreds of other systems Agiloft integrates with. The combination makes AI on the inside a fundamental underpinning of Agiloft's strategy and delivers unprecedented value to customers."

Unlike other solutions that take a black-box approach to AI, obscuring the processes by which automated decisions are made, Agiloft employs white box methods, which ensure transparent sources, operations and human control. A significant advantage for legal and contracting teams, Agiloft's platform incorporates powerful agents, which can be edited, created and deployed by customers using the unique Prompt Lab. These GenAI actions go beyond simple automation, providing actionable insights and intelligent decision-making throughout the contracting process. With AI fully embedded in its core platform, Agiloft enables organizations to accelerate contract cycle times by up to 80 percent, reduce operational costs, and identify hidden risks. Uniquely in the industry, these transformational capabilities are provided as a core part of the CLM solution, weaving AI into every step of the contract lifecycle.

Agiloft's fully AI-enhanced CLM solutions revolutionize business through smarter, connected contracting to drive intelligent strategies, faster decision-making, and game-changing competitive advantage. Key features include:

• Quicker, market data-informed contract reviews with expert-crafted AI-powered playbooks
• Seamless contract data extraction with pre-built AI models
• Advanced GenAI search with Ask AI
• GenAI-powered automation of routine contracting tasks with Prompt Lab

"Organizations are increasingly looking for solutions that do more than just streamline contract workflows; they want platforms that drive strategic value," said Andy Wishart, Chief Product Officer at Agiloft. "With this new benchmark of AI at the core of our CLM platform, we are modernizing the organizational approach to contracts by providing data-rich assets and processes so legal teams can drive revenue, cut costs, and reduce risk by actively collaborating across their organizations."

Gartner's recent market research indicates that over 70 percent of legal leaders plan to implement or expand the use of generative AI within their departments over the next two years. Agiloft's fully AI-enhanced CLM solution positions the company to meet this demand, providing a solution with AI at its core, that delivers operational efficiency and a strategic edge in an increasingly competitive landscape.

"Agiloft's AI-driven CLM solution, combined with Screens' powerful contract review and redlining capabilities, represents a true leap forward for legal teams," added Wishart. "We are excited to give legal leaders the opportunity to be the first to experience this transformative technology to enhance their contracting workflows with unprecedented speed and accuracy at the upcoming CLOC Global Institute."

Agiloft's Data-first Agreement Platform with AI on the inside™ enables businesses to modernize their operations, reduce risk, and accelerate their business, ensuring that legal teams benefit from a scalable, intelligent solution that adapts to evolving needs. As part of this transformation, Agiloft is introducing new, simple packaging and pricing that offer AI as part of its standard package. To learn more, visit agiloft.com. For additional information on Agiloft's presence at CLOC, visit agiloft.com/cloc.

About Agiloft

Agiloft is the global value leader in data-first contract lifecycle management (CLM), delivering the only no-code platform with AI on the Inside™ – a fully embedded, configurable AI that enhances efficiency, reduces review times by up to 80%, and accelerates business without the need for additional configuration. Designed to transform contracts into strategic data-rich assets, Agiloft's Data-first Agreement Platform (DAP) seamlessly connects contract data to over 1,000 business-critical systems, driving operational efficiencies and informed decision-making.

Trusted by global brands like Alkermes, Balluff, Bissel, FuelCell Energy, RUSH, and TaylorMade, Agiloft maintains a 96% customer renewal rate and a 100% satisfaction rating for implementations, ensuring organizations achieve measurable value from day one. Backed by KKR, JMI Equity, and FTV Capital, Agiloft integrates AI at its core, enabling data-informed contract reviews, instantaneous approvals, and risk analysis – empowering businesses to transform contracting into strategic advantages for growth. Learn more at www.agiloft.com.

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SOURCE Agiloft