Adobe announced new intelligent contract capabilities in
Acrobat AI Assistant
to simplify working with contracts. The new generative AI features can
help customers grasp complex terms and spot differences between multiple
agreements so they can better understand and verify the information in
these important documents-faster and easier.
From credit card and vendor agreements to loyalty programs and purchase
orders, contracts are a fact of life for consumers and businesses. Most
contracts are long and complicated, making it difficult and
time-consuming to understand their contents. In fact, a new survey
by Adobe Acrobat found that nearly 70% of consumers have signed
contracts or agreements without knowing all the terms and 64% of SMB
owners say they avoided signing a contract because they were not
confident they understood the content.
"Customers open billions of contracts in Adobe Acrobat each month and AI
can be a game changer in helping simplify their experience," said
Abhigyan Modi, senior vice president of Adobe Document Cloud. "We are
introducing new capabilities to deliver contract intelligence in Adobe
AI Assistant, making it easier for customers to understand and compare
these complex documents and providing citations to help them verify
responses, all while keeping their data safe."
Grow Your Confidence with Contracts
Leveraging contract intelligence capabilities in Acrobat AI Assistant,
business owners can quickly identify key dates in vendor contracts or
prepare to review a new partnership agreement with their attorney.
Finance teams can accelerate reviews of sales contracts and more.
Marketers can pinpoint changes in updated scopes of work and quickly
find deliverables in brand and advertising partnerships. Consumers can
quickly locate occupancy policies in apartment leases, find
out-of-country charges in their mobile plans or compare amenities
between top venue choices for a special event.
Adobe Acrobat offers a comprehensive set of features and capabilities to
help customers understand, review and sign contracts all in one app,
including:
-
Contract intelligence: Acrobat AI Assistant automatically
recognizes when a document is a contract-including scanned documents-and
tailors the experience, generating a contract overview, surfacing key
terms in a single click, quickly summarizing information and
recommending questions specific to customers' documents.
-
Straightforward explanations-verified: Acrobat AI Assistant
generates summaries and responses with clear language and clickable
citations, making it fast and easy to navigate to the source and verify
responses.
-
Compare and contrast: Quickly see differences between versions​, check for consistency and catch discrepancies​ across up to 10 contracts-including scanned documents.
-
Secure sharing and signing: Easily review contracts with stakeholders and request e-signatures all in one app.
Get More Reliable Responses
Acrobat AI Assistant features are governed by data security protocols
and developed in alignment with Adobe's AI Ethics processes. Adobe never
trains the company's generative AI models on customer data and
prohibits third-party LLMs from training on Adobe customer data.
Adobe Acrobat AI Assistant supplements LLM technologies with the same
artificial intelligence and machine learning models behind Liquid Mode
to provide a highly accurate understanding of document structure and
content, which enhances the quality and reliability of AI Assistant's
outputs.
The new contract intelligence capabilities in Acrobat AI Assistant are
powered by extensive prompt engineering and an intelligent framework,
which help deliver more accurate and relevant responses for contracts.
Adobe Acrobat is a core productivity tool for more than 650 million
monthly active users who open 400+ billion PDFs in the app each month.
Launched in February 2024, Acrobat AI Assistant transforms how people
and businesses work with their documents. With new features and growing
adoption, Acrobat AI Assistant saw customer conversations in the app
double quarter over quarter in the final quarter of 2024.
Pricing and Availability
Customers can access the new contracts capabilities in Acrobat AI Assistant.
Both free Reader and paid Acrobat for individual customers can purchase
Acrobat AI Assistant as an add-on for US$4.99 per month. The
capabilities are available on desktop, web and mobile in worldwide
English; other languages will follow.