Conga,
a leader in
end-to-end Digital Document Transformation, announced the
release of
Conga AI Analyze, a new product that leverages artificial intelligence (AI) and
machine learning (ML) to unlock actionable business insights from digital
documents and contracts.
The
company also announced onstage at its annual conference Connect that it recently surpassed more than 900,000
users on its Digital Document Transformation Suite, having added more than
100,000 users since January. The growth is a reflection of Conga's continued
focus on customer success, highlighted by its 1,500+ 5-Star customer reviews.
"Everyday
documents - including contracts - are the lifeblood of modern business, but
organizations struggle to turn the information hidden within them into insights
that propel their businesses forward," said Doug Rybacki, Chief Technology
Officer at Conga. "When used in conjunction with the Conga Suite, AI Analyze
enables organizations to analyze, organize and manage all of the key information
in their contracts to accelerate the contract negotiation process and close
deals faster than ever before."
AI
Analyze empowers companies of any size and industry to integrate AI to unleash
the power of everyday documents. Within a matter of seconds, clients can
analyze their contracts to identify and act on key information, eliminating
time-intensive manual tasks associated with daily paperwork.
Conga
stands out from other, more traditional contract management vendors in the
marketplace in that it is building AI Analyze into its full suite of products,
enabling the software to identify and convert both structured and unstructured
data into actionable intelligence.
Conga
AI Analyze empowers users to easily evaluate their business documents resulting
in:
- Improved Accuracy:
Automate the review, approval, and analysis of contracts thereby reducing
human errors and mistakes.
- Increased Efficiency:
Reduce contract turnaround time by using AI to identify key clauses and
contract metadata in seconds instead of hours or days.
- Enforced Policies:
Identify contracts in process that don't comply with organizational gold
standards.
- Streamlined Workflows:
Export key contract data into the CRM, CLM or ERP systems to better
understand customer data and act on it.
- Better Salesforce Integration: AI Analyze extracts key data points and clauses
from contracts and documents, allowing customers to leverage unstructured data
and save the data within Salesforce in a structured format. Leveraging the data
captured by AI Analyze alongside Salesforce Einstein's predictive intelligence
enables customers to build a complete view of their business in order to make
smarter and more predictive decisions.